City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
110027
Name:
Settlement of Potential Litigation - Asian Art
Museum Foundation Bonds - City Assurance to
Seek Appropriation for Bonds - $120,400,000
Status:
Type:
Resolution
Passed
File created:
In control:
1/11/2011
Board of Supervisors
On agenda:
Final action:
2/4/2011
Enactment date:
2/4/2011
48-11
Enactment #:
Title:
Resolution approving the settlement of potential litigation involving the restructuring of the
$120,400,000 California Infrastructure and Economic Development Bank Variable Rate Revenue
Bonds, Series 2005 (Asian Art Museum Foundation of San Francisco) (2005 Bonds) through the
execution of a Settlement Agreement by and among the City and County of San Francisco, the Asian
Art Museum Foundation of San Francisco, JPMorgan Chase Bank, National Association, MBIA
Insurance Corporation, National Public Finance Guarantee Corporation, and the Bank of New York
Mellon Trust Company N.A., including, among other matters, the form of the Assurance Agreement
under which the City will support repayment of the 2005 Bonds, and other additional material terms of
such settlement.
Sponsors:
Mayor, David Chiu, Carmen Chu, Eric Mar
Attachments:
1. Legislation_Ver1, 2. Comm_Packet_012611, 3. Board_Packet_020111, 4. Legislation_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/11/2011
1
RECOMMENDED
Budget and Finance Committee
1/26/2011
1
Pass
ADOPTED
Board of Supervisors
2/1/2011
1
Pass
APPROVED
Mayor
2/4/2011
1