City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
200975
Name:
Multifamily Housing Revenue Note - 681 Florida
Street - Not to Exceed $50,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
8/25/2020
Clerk of the Board
On agenda:
Final action:
9/25/2020
Enactment date:
9/25/2020
408-20
Enactment #:
Title:
Resolution authorizing the execution and delivery of a multifamily housing revenue note in one or
more series in an aggregate principal amount not to exceed $50,000,000 for the purpose of providing
financing for the construction of a 130-unit multifamily rental housing project known as “681 Florida
Street;” approving the form of and authorizing the execution of a funding loan agreement; providing
the terms and conditions of the loan from the funding lender to the City, and the execution and
delivery of the note; approving the form of and authorizing the execution of a project loan agreement
providing the terms and conditions of the loan from the City to the borrower; approving the form of and
authorizing the execution of a regulatory agreement and declaration of restrictive covenants;
authorizing the collection of certain fees; approving modifications, changes, and additions to the
documents; ratifying and approving any action heretofore taken in connection with the back-to-back
loans, the note and the project; granting general authority to City officials to take actions necessary to
implement this Resolution, as defined herein; and related matters, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. DRAFT Regulatory Agrmt, 3. DRAFT Funding Loan Agrmt, 4. DRAFT Project Agrmt, 5.
DRAFT Multifamily Housing Revenue Note, 6. Public Disclosures 082120, 7. TEFRA Public Hearing
Notice, 8. CDLAC Reso. No. 20-098, 9. Form 126, 10. Comm Pkt 091620, 11. Board Pkt 092220, 12.
Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
8/25/2020
1
RECOMMENDED
Budget and Finance Committee
9/16/2020
1
Pass
ADOPTED
Board of Supervisors
9/22/2020
1
Pass
APPROVED
Mayor
9/25/2020
1