City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
200841
Name:
Authorizing Refunding Certificates of Participation -
Multiple Capital Improvement Projects - Not to
Exceed $97,500,000
Status:
Type:
Ordinance
Passed
File created:
In control:
8/4/2020
Clerk of the Board
On agenda:
Final action:
10/1/2020
Enactment date:
10/1/2020
177-20
Enactment #:
Title:
Ordinance authorizing the execution and delivery of Certificates of Participation, in one or more series
from time to time, evidencing and representing an aggregate principal amount of not to exceed
$97,500,000 (“Certificates”) to prepay certain certificates of participation that financed and refinanced
various capital improvement projects; approving the form of a Fourth Supplement to Trust Agreement
between the City and County of San Francisco (“City”) and U.S. Bank National Association, as trustee
(“Trustee”) (including certain indemnities contained therein); approving respective forms of a Fourth
Supplement to Property Lease and a Fourth Supplement to Project Lease, each between the City and
the Trustee, for the lease and lease back of all or a portion of certain real property and improvements
owned by the City and located at 375 Laguna Honda Boulevard within the City and at 1 Moreland
Drive, San Bruno, California, or other property as determined by the Director of Public Finance;
approving the form of Escrow Agreement (including certain indemnities contained therein), between
the City and U.S. Bank National Association, as escrow agent (“Escrow Agent”); approving the form of
an Official Notice of Sale and a Notice of Intention to Sell the Certificates; approving the form of an
Official Statement in preliminary and final form; approving the form of a purchase contract between
the City and one or more initial purchasers of the Certificates; approving the form of a Continuing
Disclosure Certificate; granting general authority to City officials to take necessary actions in
connection with the authorization, sale, execution and delivery of the Certificates; approving
modifications to documents; and ratifying previous actions taken in connection therewith, as defined
herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. CON Memo 071720, 4. DRAFT 4th Supplement to Project Lease U.S.
Bank National Assoc., 5. DRAFT 4th Supplement to Prop Lease U.S. Bank Nat'l Assoc., 6. DRAFT 4th
Supplement to Trust Agrmt U.S. Bank Nat'l Assoc., 7. DRAFT Escrow Agrmt, 8. DRAFT Notice of
Intent to Sell, 9. DRAFT Official Notice of Sale, 10. DRAFT Purchase Contract, 11. DRAFT Prelim
Official Statement, 12. MYR Cover Memo 073120, 13. MYR Bdgt Submission FYs20-21 & 21-22, 14.
Comm Pkt 081420, 15. Comm Pkt 081920, 16. BLA Report 081920, 17. Board Pkt 091520, 18. Board
Pkt 092220, 19. Board Pkt 092920, 20. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
7/31/2020
1
ASSIGNED
President
8/4/2020
1
CONTINUED
Budget and Appropriations
Committee
8/14/2020
1
Pass
RECOMMENDED
Budget and Appropriations
Committee
8/19/2020
1
Pass
CONTINUED ON FIRST READING
Board of Supervisors
9/15/2020
1
Pass
PASSED ON FIRST READING
Board of Supervisors
9/22/2020
1
Pass
FINALLY PASSED
Board of Supervisors
9/29/2020
1
Pass
APPROVED
Mayor
10/1/2020
1