City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220683
Name:
Authorizing Tax-Exempt and/or Taxable Certificates
of Participation (Multiple Capital Improvement
Projects) - Not to Exceed $140,000,000
Status:
Type:
Ordinance
Passed
File created:
In control:
6/7/2022
Clerk of the Board
On agenda:
Final action:
8/4/2022
Enactment date:
8/4/2022
183-22
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 $140,000,000 (“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, streets and works utilized by various
City departments and local economic stimulus projects, generally consisting of repairs, renovations,
improvements and street reconstruction, repaving and other 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, as defined herein; approving the form of a Continuing Disclosure Certificate, as defined
herein; 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, Connie Chan
Attachments:
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Action By
Date
Action
Result
Ver.
RECEIVED
Clerk of the Board
6/1/2022
1
ASSIGNED
President
6/7/2022
1
Budget and Appropriations
Committee
6/27/2022
1
CONTINUED
Board of Supervisors
7/12/2022
1
Pass
PASSED ON FIRST READING
Board of Supervisors
7/19/2022
1
Pass
FINALLY PASSED
Board of Supervisors
7/26/2022
1
Pass
APPROVED
Mayor
8/4/2022
1