City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230370
Name:
Authorizing Tax-Exempt and/or Taxable Certificates
of Participation - Multiple Affordable Housing and
Community Facilities Projects - Not to Exceed
$146,800,000
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
102-23
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 $146,800,000 (“Certificates”), to finance and refinance
certain capital improvement, affordable housing and community facilities development projects within
the City and County of San Francisco’s (“City”), including site acquisition, demolition and site
preparation, design work, construction, repairs, renovations, improvements and the equipment of such
facilities, 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 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 determined by the City’s
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, 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; 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. DRAFT Supplement to Trust Agrmt, 4. DRAFT Supplement to Project
Lease, 5. DRAFT Supplement to Property Lease, 6. DRAFT Purchase Contract, 7. DRAFT Notice of
Intent to Sell, 8. DRAFT Official Notice of Sale, 9. DRAFT Prelim Official Statement, 10. OPF Memo
032423, 11. MOHCD Presentation 051023, 12. BLA Rpt 051023, 13. Cmte Pkt 051023, 14. Board Pkt
051623, 15. Board Pkt 052323, 16. 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