City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240026
Name:
Multifamily Housing Revenue Notes - Transbay 2
Senior, L.P. - Not to Exceed $67,680,000
Status:
Type:
Resolution
Passed
File created:
In control:
1/9/2024
Clerk of the Board
On agenda:
Final action:
2/21/2024
Enactment date:
2/21/2024
066-24
Enactment #:
Title:
Resolution authorizing the execution and delivery of multifamily housing revenue notes in one or more
series in an aggregate principal amount not to exceed $67,680,000 for the purpose of providing
financing for the construction of a 151-unit multifamily rental housing project known as “Transbay
Block 2 West” located at 200 Folsom Street; approving the form of and authorizing the execution of a
funding loan agreement providing the terms and conditions of the construction loan from the funding
lender to the City, and the execution and delivery of the notes; approving the form of and authorizing
the execution of a project loan agreement providing the terms and conditions of the construction loan
from the City to the borrower; approving the form of and authorizing the execution of a regulatory
agreement and declaration of restrictive covenants for the project; authorizing the collection of certain
fees; approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and
sale of residential mortgage revenue notes by the City in an aggregate principal amount not to exceed
$67,680,000; approving modifications, changes and additions to the documents; ratifying and
approving any action heretofore taken in connection with the funding loan, the project loan, the notes
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, Matt Dorsey, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Project Loan Agrmt, 3. DRAFT Funding Loan Agrmt, 4. DRAFT Regulatory
Agrmt, 5. CDLAC Reso No. 23-206 010924, 6. TEFRA Proof of Pub 101823, 7. TEFRA Hrg Minutes
101823, 8. Project Description, 9. Public Disclosure Rpt 010424, 10. Form 126, 11. OCII Presentation
020724, 12. Cmte Pkt 020724, 13. Board Pkt 021324, 14. Form 126 Final, 15. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/9/2024
1
RECOMMENDED
Budget and Finance Committee
2/7/2024
1
Pass
ADOPTED
Board of Supervisors
2/13/2024
1
Pass
APPROVED
Mayor
2/21/2024
1