City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
201365
Name:
Amended and Restated Loan Agreement - BRIDGE-
Potrero Community Associates LLC - Potrero HOPE
SF Development - Not to Exceed $29,141,134
Status:
Type:
Resolution
Passed
File created:
In control:
12/8/2020
Clerk of the Board
On agenda:
Final action:
2/5/2021
Enactment date:
2/5/2021
025-21
Enactment #:
Title:
Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community
Development to execute an Amended and Restated Loan Agreement with BRIDGE-Potrero
Community Associates LLC, a California limited liability company, to increase the loan amount to
$22,701,134 for a total loan amount not to exceed $29,141,134 to finance the second phase of
infrastructure improvements and housing development related to the revitalization and master
development of up to 1,700 units of replacement public housing, affordable housing and market rate
housing, commonly known as the Potrero HOPE SF Development; and adopting findings that the loan
agreement is consistent with the adopted Mitigation Monitoring and Reporting Program under the
California Environmental Quality Act, the General Plan, and the eight priority policies of Planning
Code, Section 101.1.
Sponsors:
Mayor, Shamann Walton
Attachments:
1. Leg Ver1, 2. DRAFT Amended & Restated Loan Agrmt, 3. DRAFT Unsecured Promissory Note, 4.
Form 126, 5. BLA Report 011321, 6. Comm Pkt 011321, 7. MOHCD Presentation 011321, 8. Board
Pkt 012621, 9. Leg Final, 10. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/8/2020
1
RECOMMENDED
Budget and Finance Committee
1/13/2021
1
Pass
ADOPTED
Board of Supervisors
1/26/2021
1
Pass
APPROVED
Mayor
2/5/2021
1