City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220512
Name:
Multifamily Housing Revenue Bonds - 600-7th
Street - Not to Exceed $90,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/3/2022
Clerk of the Board
On agenda:
Final action:
6/3/2022
Enactment date:
6/3/2022
245-22
Enactment #:
Title:
Resolution authorizing the issuance and delivery of tax-exempt multifamily housing revenue bonds in
an aggregate principal amount not to exceed $71,076,486 and of taxable multifamily housing revenue
bonds in an aggregate principal amount not to exceed $18,923,514 for the purpose of providing
financing for the construction of a 221-unit, affordable multifamily residential rental housing project
located at 600-7th Street within the City, for a total amount not to exceed $90,000,000; approving the
form of and authorizing the execution of a trust indenture providing terms and conditions of the bonds;
approving the form of and authorizing the execution of a regulatory agreement and declaration of
restrictive covenants; approving the form of and authorizing the execution of a loan agreement;
authorizing the collection of certain fees, as defined herein; ratifying and approving any action
heretofore taken in connection with the bonds and the project, as defined herein; 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, Ahsha Safai, Hillary Ronen, Matt Dorsey
Attachments:
1. Leg Ver1, 2. DRAFT Indenture of Trust, 3. DRAFT Loan Agrmt, 4. DRAFT Regulatory Agrmt, 5.
DRAFT Amended & Restated Loan Agrmt, 6. Form 126, 7. Cmte Pkt 051822, 8. Board Pkt 052422, 9.
Leg Final, 10. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/3/2022
1
RECOMMENDED
Budget and Finance Committee
5/18/2022
1
Pass
ADOPTED
Board of Supervisors
5/24/2022
1
Pass
APPROVED
Mayor
6/3/2022
1