# Board of Supervisors Minutes: December 9, 2014

- Meeting date: 2014-12-09
- Document type: minutes
- Source format: PDF
- Extracted pages: 29
- [Canonical HTML transcript](https://sfbos.info/documents/230/2014-12-09-minutes)
- [Authoritative City source](https://sfgov.legistar.com/View.ashx?M=M&ID=361070&GUID=7CE17A22-1CFD-427F-85FD-5271467017B0)

> This text was extracted for search and accessibility. The linked City source is the authoritative public record.

## Structured legislative records

### File 141153: Hearing - Transbay Transit Center - Consent to Successor Agency Actions Facilitating Interim Financing - First Amendment to the Option Agreement

- Pages: 15-16

### File 141154: Consent to Successor Agency Actions Facilitating Interim Financing - Transbay Transit Center - Transbay Redevelopment Project Area - Amendment to Option Agreement Affecting Affordable Housing Requirement

- Pages: 16
- Sponsors: Kim
- Vote 1: adoption, likely final
  - Action: 141154 [Consent to Successor Agency Actions Facilitating Interim Financing - Transbay Transit Center - Transbay Redevelopment Project Area - Amendment to Option Agreement Affecting Affordable Housing Requirement] Sponsor: Kim Resolution of the Board of Supervisors, acting in its capacity as the legislative body to the Successor Agency to the former Redevelopment Agency of the City and County of San Francisco, approving actions by the Commission on Community Investment and Infrastructure to subordinate property interest in a site designated for affordable housing in the Transbay Redevelopment Project Area; and to facilitate interim financing by the Transbay Joint Powers Authority for the construction of Transbay Transit Center. Resolution No. 445-14 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee
  - Absent: Campos

### File 141204: Hearing - Transbay Joint Powers Authority - First Amendment to Option Agreement; Consent to Conditions of Bridge Loan - Credit Agreement from Goldman Sachs Bank - Not to Exceed $171,000,000

- Pages: 16-17

## Extracted text

### [Page 16](https://sfbos.info/documents/230/2014-12-09-minutes#page-16)

Board of Supervisors                             Meeting Minutes                                              12/9/2014



141154 [Consent to Successor Agency Actions Facilitating Interim Financing - Transbay
       Transit Center - Transbay Redevelopment Project Area - Amendment to Option
       Agreement Affecting Affordable Housing Requirement]
            Sponsor: Kim
            Resolution of the Board of Supervisors, acting in its capacity as the legislative body to the
            Successor Agency to the former Redevelopment Agency of the City and County of San Francisco,
            approving actions by the Commission on Community Investment and Infrastructure to subordinate
            property interest in a site designated for affordable housing in the Transbay Redevelopment
            Project Area; and to facilitate interim financing by the Transbay Joint Powers Authority for the
            construction of Transbay Transit Center.
            Resolution No. 445-14
            ADOPTED by the following vote:
                 Ayes: 9 - Avalos, Breed, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee
                 Absent: 1 - Campos



SPECIAL ORDER 3:00 P.M.


Board of Supervisors Sitting as a Committee of the Whole

141204 [Hearing - Transbay Joint Powers Authority - First Amendment to Option
       Agreement; Consent to Conditions of Bridge Loan - Credit Agreement from
       Goldman Sachs Bank - Not to Exceed $171,000,000]
            Hearing to consider a Resolution (File No. 141155) to authorize the execution of the First
            Amendment to the Option Agreement for the Purchase and Sale of Real Property, and execute a
            consent to the conditions of the Transbay Joint Powers Authority’s Bridge Loan with a value of
            $171,000,000, and acknowledge the Subordination of the Option Agreement for the Purchase and
            Sale of Real Property for Transbay Parcels F, O, O', and O"; and a Resolution (File No. 141189) to
            approve a Credit Agreement for an amount not to exceed $171,000,000 from Goldman Sachs
            Bank USA to the Transbay Joint Powers Authority, and making certain public benefit findings for
            the Transbay Transit Center program under California Government Code, Section 6586.5. (Clerk
            of the Board)
            The President inquired as to whether any member of the public wished to address the Committee
            of the Whole relating to File No. 141189. There were no other speakers. The President declared
            public comment closed and adjourned as the Committee of the Whole, and reconvened as the
            Board of Supervisors.
            HEARD AND FILED




Committee of the Whole Adjourn and Report




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