# Board of Supervisors Minutes: May 23, 2023 - Meeting date: 2023-05-23 - Document type: minutes - Source format: PDF - Extracted pages: 34 - [Canonical HTML transcript](https://sfbos.info/documents/928/2023-05-23-minutes) - [Authoritative City source](https://sfgov.legistar.com/View.ashx?M=M&ID=1103774&GUID=333773B2-99A9-476C-9DEA-0424E14BC522) > This text was extracted for search and accessibility. The linked City source is the authoritative public record. ## Structured legislative records ### File 230509: Multifamily Housing Revenue Notes - 730 Stanyan Associates, L.P. - Not to Exceed $90,000,000 - Pages: 10-11 - Sponsors: Mayor; Preston and Safai - Vote 1: adoption, likely final - Action: t providing the terms and conditions of the permanent loan from the permanent funding lender to the City, and the execution and delivery of the permanent notes; approving the form of and authorizing the execution of an amended and restated project loan agreement providing the terms and conditions of the permanent 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 subject 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 $90,000,000; approving modifications, changes and additions to the documents; ratifying and approving any action heretofore taken in connection with the back-to-back loans, the notes and the project; granting general authority to City officials to take actions necessary to implement this Resolution, as defined herein; and related matters, as defined herein. Supervisor Safai requested to be added as a co-sponsor. Resolution No. 268-23 ADOPTED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Melgar ### File 230524: Ground Lease and Amended and Restated Loan Agreement - 730 Stanyan Street - 100% Affordable Housing - Base Rent of $15,000 - Loan Not to Exceed $69,528,927 - Pages: 11 - Sponsors: Mayor; Preston - Vote 1: adoption, likely final - Action: ifamily rental housing development affordable to very low- and low-income households (the “Project”); 2) approving and authorizing an Amended and Restated Loan Agreement in an amount not to exceed $69,528,927 for a minimum loan term of 57 years (“Loan Agreement”) to finance the development and construction of the Project; 3) adopting findings that the Project and proposed transactions are consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; 4) adopting findings declaring that the Property is “exempt surplus land” pursuant to the California Surplus Lands Act; 5) determining that the less than market rent payable under the Ground Lease will serve a public purpose by providing affordable housing for low-income households in need, in accordance with Administrative Code, Section 23.3; and 6) authorizing the Director of Property and/or the Director of MOHCD to execute the Ground Lease and the Amended and Restated Loan Agreement, and make certain modifications to such agreements, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein. (Fiscal Impact) Resolution No. 269-23 ADOPTED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Melgar ### File 230282: Sheriff’s Department Oversight Board - 2022 Annual Report - Pages: 11-12 - Vote 1: adoption, likely final - Action: 230282 [Sheriff’s Department Oversight Board - 2022 Annual Report] Resolution accepting the Sheriff’s Department Oversight Board’s annual report for the calendar year 2022. (Sheriff’s Department Oversight Board) Resolution No. 276-23 ADOPTED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Melgar ## Extracted text ### [Page 11](https://sfbos.info/documents/928/2023-05-23-minutes#page-11) Board of Supervisors Meeting Minutes 5/23/2023 230524 [Ground Lease and Amended and Restated Loan Agreement - 730 Stanyan Street - 100% Affordable Housing - Base Rent of $15,000 - Loan Not to Exceed $69,528,927] Sponsors: Mayor; Preston Resolution 1) approving and authorizing the Director of Property and Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to enter into a Ground Lease for real property owned by the City located at 730 Stanyan Street (“Property”) with 730 Stanyan Associates, L.P. for a lease term of 75 years and one 24-year option to extend and an annual base rent of $15,000 (“Ground Lease”) in order to construct a 160 unit multifamily rental housing development affordable to very low- and low-income households (the “Project”); 2) approving and authorizing an Amended and Restated Loan Agreement in an amount not to exceed $69,528,927 for a minimum loan term of 57 years (“Loan Agreement”) to finance the development and construction of the Project; 3) adopting findings that the Project and proposed transactions are consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; 4) adopting findings declaring that the Property is “exempt surplus land” pursuant to the California Surplus Lands Act; 5) determining that the less than market rent payable under the Ground Lease will serve a public purpose by providing affordable housing for low-income households in need, in accordance with Administrative Code, Section 23.3; and 6) authorizing the Director of Property and/or the Director of MOHCD to execute the Ground Lease and the Amended and Restated Loan Agreement, and make certain modifications to such agreements, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein. (Fiscal Impact) Resolution No. 269-23 ADOPTED by the following vote: Ayes: 10 - Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton Excused: 1 - Melgar Recommendation of the Budget and Appropriations Committee 230282 [Sheriff’s Department Oversight Board - 2022 Annual Report] Resolution accepting the Sheriff’s Department Oversight Board’s annual report for the calendar year 2022. (Sheriff’s Department Oversight Board) Resolution No. 276-23 ADOPTED by the following vote: Ayes: 10 - Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton Excused: 1 - Melgar City and County of San Francisco Page 492 Printed at 4:18 pm on 4/25/24