City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210645
Name:
Authorizing Tax-Exempt and/or Taxable Certificates
of Participation (Multiple Capital Improvement
Projects) - Not to Exceed $67,500,000
Status:
Type:
Ordinance
Passed
File created:
In control:
6/1/2021
Clerk of the Board
On agenda:
Final action:
8/4/2021
Enactment date:
8/4/2021
123-21
Enactment #:
Title:
Ordinance authorizing the execution and delivery of Certificates of Participation, in one or more series
on a tax-exempt and/or taxable basis and from time to time, evidencing and representing an
aggregate principal amount of not to exceed $67,500,000 (“Certificates”), to finance and refinance
certain capital improvement projects within the City, including but not limited to certain projects within
the City and County of San Francisco’s (“City”) capital plan and generally consisting of critical repairs,
renovations and improvements to City-owned buildings, facilities and works utilized by various City
departments and local economic stimulus projects, generally consisting of repairs, renovations and
improvements, designed to help build a more resilient and equitable San Francisco as part of the
City’s recovery from the COVID-19 pandemic, including through the retirement of certain commercial
paper notes of the City issued for such purposes; approving the form of a Supplement to Trust
Agreement between the City and U.S. Bank National Association, as trustee (“Trustee”) (including
certain indemnities contained therein); approving respective forms of a Supplement to Property Lease
and a 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, and/or
other property as determined by the Director of Public Finance; 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, as defined herein; approving
modifications to documents, as defined herein; and ratifying previous actions taken in connection
therewith, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. CON Memo 052121, 4. DRAFT Supplement to Project Lease, 5.
DRAFT Supplement to Property Lease, 6. DRAFT Supplement to Trust Agrmt, 7. DRAFT Ntc of Intent
to Sell, 8. DRAFT Official Ntc of Sale, 9. DRAFT Purchase Contract, 10. DRAFT Prelim Official
Statement, 11. MYR Budget Submittal Memo FY21-22 060121, 12. MYR Req 30 Day Waiver 060121,
13. Presidential Action Memo 060321, 14. BLA Report 062121, 15. Comm Pkt 062121, 16. Board Pkt
071321, 17. Board Pkt 072021, 18. Board Pkt 072721, 19. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED
Clerk of the Board
6/1/2021
1
ASSIGNED
President
6/1/2021
1
RECOMMENDED
Budget and Appropriations
Committee
6/21/2021
1
Pass
CONTINUED ON FIRST READING
Board of Supervisors
7/13/2021
1
Pass
PASSED ON FIRST READING
Board of Supervisors
7/20/2021
1
Pass
FINALLY PASSED
Board of Supervisors
7/27/2021
1
Pass
APPROVED
Mayor
8/4/2021
1