City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
241085
Name:
Authorizing Taxable and/or Tax-Exempt Certificates
of Participation (Treasure Island - Stage 2
Infrastructure Projects) - Not to Exceed $65,000,000
and Approving Related Documents and Actions
Status:
Type:
Ordinance
Passed
File created:
In control:
11/5/2024
Clerk of the Board
On agenda:
Final action:
12/19/2024
Enactment date:
12/19/2024
300-24
Enactment #:
Title:
Ordinance authorizing the execution and delivery from time to time of Certificates of Participation, in
one or more series on a tax-exempt and/or taxable basis, evidencing and representing an aggregate
principal amount of not to exceed $65,000,000 as the first tranche of the Stage 2 Alternative Financing
to finance public improvements within the boundaries of Stage 2 of the Treasure Island project,
approving the form of a Trust Agreement (including the form of a Supplement to Trust Agreement)
between the City and County of San Francisco (“City”) and U.S. Bank Trust Company, National
Association, as trustee (including certain indemnities contained therein); approving respective forms
of a Property Lease (including the form of a Supplement to the Property Lease) and a Lease
Agreement (including the form of a Supplement to the Lease Agreement), each between the City and
such trustee for the lease and leaseback of certain real property and improvements located at 1995
Evans Avenue, 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 of Participation; 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 of
Participation; approving modifications to documents; declaring the intent to reimburse expenditures
from proceeds of tax-exempt obligations; approving amendments to the Special Fund Administration
Agreement for the Treasure Island project; and ratifying previous actions taken in connection
therewith, as defined herein.
Sponsors:
Mayor, Matt Dorsey, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. DRAFT Trust Agrmt, 4. DRAFT Prop Lease, 5. DRAFT Purchase
Contract, 6. DRAFT Lease Agrmt, 7. DRAFT Official Ntc of Sale, 8. DRAFT Ntc of Intent to Sell, 9.
DRAFT Prelim Official Stmt, 10. DRAFT Prelim Off Stmt Appdx A, 11. OPF Memo 110524, 12. OPF
TIDA Presentation 120424, 13. BLA Rpt 120424, 14. Cmte Pkt 120424, 15. Board Pkt 121024, 16.
Board Pkt 121724, 17. Leg Final
Action By
Date
Action
Result
Ver.
ASSIGNED
President
11/5/2024
1
RECOMMENDED
Budget and Finance Committee
12/4/2024
1
Pass
PASSED, ON FIRST READING
Board of Supervisors
12/10/2024
1
Pass
FINALLY PASSED
Board of Supervisors
12/17/2024
1
Pass
APPROVED
Mayor
12/19/2024
1