City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230369
Name:
Authorizing Refunding Certificates of Participation,
Series 2023-R1 - Multiple Capital Improvement
Projects - Not to Exceed $275,000,000
Status:
Type:
Ordinance
Passed
File created:
In control:
4/4/2023
Clerk of the Board
On agenda:
Final action:
6/2/2023
Enactment date:
6/2/2023
101-23
Enactment #:
Title:
Ordinance authorizing the execution and delivery of refunding Certificates of Participation, in one or
more series from time to time (“Certificates”), in an aggregate amount not to exceed $275,000,000 to
prepay certain certificates of participation that financed and refinanced various capital improvement
projects within the City and County of San Francisco (“City”); approving the form of a Supplement to
Trust Agreement between the City and U.S. Bank Trust Company, National Association (as successor-
in-interest to 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, at 1 Moreland Drive, San Bruno, California, and/or any other
property as shall be determined by the City’s Director of Public Finance; approving the form of Escrow
Agreement (including certain indemnities contained therein), between the City and U.S. Bank Trust
Company, National Association, as escrow agent (“Escrow Agent”); 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; approving modifications to documents;
and ratifying previous actions taken in connection therewith, as defined herein.
Sponsors:
Mayor, Dean Preston
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. CON Memo 032723, 4. DRAFT Supplement to Trust Agmt, 5. DRAFT
Supplement to Proj Lease, 6. DRAFT Supplement to Prop Lease, 7. DRAFT Escrow Agmt, 8. DRAFT
Purchase Contract, 9. DRAFT Notice of Intent to Sell, 10. DRAFT Official Notice of Sale, 11. DRAFT
Preliminary Official Statement, 12. OPF Presentation 051023, 13. BLA Rpt 051023, 14. Cmte Pkt
051023, 15. Board Pkt 051623, 16. Board Pkt 052323, 17. Leg Final
Action By
Date
Action
Result
Ver.
ASSIGNED UNDER 30 DAY RULE
President
4/4/2023
1
RECOMMENDED
Budget and Finance Committee
5/10/2023
1
Pass
PASSED ON FIRST READING
Board of Supervisors
5/16/2023
1
Pass
FINALLY PASSED
Board of Supervisors
5/23/2023
1
Pass
APPROVED
Mayor
6/2/2023
1