# 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 230375: Administrative Code - Including Military Service in Definition of “Public Service” for Retirement Service Credit Purchases - Pages: 8-9 - Sponsors: Stefani; Safai - Vote 1: final-passage, likely final - Action: 230375 [Administrative Code - Including Military Service in Definition of “Public Service” for Retirement Service Credit Purchases] Sponsors: Stefani; Safai Ordinance amending the Administrative Code to expand the definition of “public service” to allow members of the San Francisco Employees’ Retirement System to purchase service credit for time served in the military before City employment. Ordinance No. 104-23 FINALLY PASSED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Melgar ### File 230506: Apply for Grant - California Department of Housing and Community Development - Homekey Grant Program - 1174-1178 Folsom Street and 663 Clementina Street - Not to Exceed $14,720,000 - Pages: 9 - Sponsors: Mayor; Dorsey, Chan, Mandelman and Safai - Vote 1: adoption, likely final - Action: 230506 [Apply for Grant - California Department of Housing and Community Development - Homekey Grant Program - 1174-1178 Folsom Street and 663 Clementina Street - Not to Exceed $14,720,000] Sponsors: Mayor; Dorsey, Chan, Mandelman and Safai Resolution approving and authorizing the Department of Homelessness and Supportive Housing to apply to the California Department of Housing and Community Development for a Homekey Grant for the property located at 1174-1178 Folsom Street and 663 Clementina Street in an amount not to exceed $14,720,000 on behalf of the City and County of San Francisco. (Department of Homelessness and Supportive Housing) Supervisors Mandelman and Safai requested to be added as co-sponsors. Resolution No. 266-23 ADOPTED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Melgar ### File 230508: Loan Agreement - SFCLT TNFF Holdings LLC - 2840-2848 Folsom Street, 4042-4048 Fulton Street, 568-570 Natoma Street, and 308 Turk Street - Not to Exceed $18,700,481 - Pages: 9-10 - Sponsors: Mayor; Mandelman and Safai - Vote 1: adoption, likely final - Action: otal amount not to exceed $18,700,481 to finance the acquisition, rehabilitation, and permanent refinancing of four existing affordable multifamily rental housing projects for low- to moderate-income households, known as “SFCLT Scattered Sites,” consisting of a total of 36 rental units in four buildings located at 2840-2848 Folsom Street, 4042-4048 Fulton Street, 568-570 Natoma Street, and 308 Turk Street, and to construct one accessory dwelling unit at 4042-4048 Fulton Street, pursuant to the Small Sites Program (collectively, the “Project”); affirming the Planning Department’s determination under the California Environmental Quality Act; adopting findings that the Project and the proposed transactions are consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Director of MOHCD or his or her designee to execute the loan documents for the Project and make certain modifications to such loan documents, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein. (Fiscal Impact) Supervisor Safai requested to be added as a co-sponsor. Resolution No. 267-23 ADOPTED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Melgar ### 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 ## Extracted text ### [Page 9](https://sfbos.info/documents/928/2023-05-23-minutes#page-9) Board of Supervisors Meeting Minutes 5/23/2023 NEW BUSINESS Recommendations of the Budget and Finance Committee 230506 [Apply for Grant - California Department of Housing and Community Development - Homekey Grant Program - 1174-1178 Folsom Street and 663 Clementina Street - Not to Exceed $14,720,000] Sponsors: Mayor; Dorsey, Chan, Mandelman and Safai Resolution approving and authorizing the Department of Homelessness and Supportive Housing to apply to the California Department of Housing and Community Development for a Homekey Grant for the property located at 1174-1178 Folsom Street and 663 Clementina Street in an amount not to exceed $14,720,000 on behalf of the City and County of San Francisco. (Department of Homelessness and Supportive Housing) Supervisors Mandelman and Safai requested to be added as co-sponsors. Resolution No. 266-23 ADOPTED by the following vote: Ayes: 10 - Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton Excused: 1 - Melgar 230508 [Loan Agreement - SFCLT TNFF Holdings LLC - 2840-2848 Folsom Street, 4042-4048 Fulton Street, 568-570 Natoma Street, and 308 Turk Street - Not to Exceed $18,700,481] Sponsors: Mayor; Mandelman and Safai Resolution approving and authorizing the Director of the Mayor’s Office of Housing and Community Development (“MOHCD”) to execute documents relating to a loan agreement with SFCLT TNFF Holdings LLC in an aggregate total amount not to exceed $18,700,481 to finance the acquisition, rehabilitation, and permanent refinancing of four existing affordable multifamily rental housing projects for low- to moderate-income households, known as “SFCLT Scattered Sites,” consisting of a total of 36 rental units in four buildings located at 2840-2848 Folsom Street, 4042-4048 Fulton Street, 568-570 Natoma Street, and 308 Turk Street, and to construct one accessory dwelling unit at 4042-4048 Fulton Street, pursuant to the Small Sites Program (collectively, the “Project”); affirming the Planning Department’s determination under the California Environmental Quality Act; adopting findings that the Project and the proposed transactions are consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Director of MOHCD or his or her designee to execute the loan documents for the Project and make certain modifications to such loan documents, as defined herein, and take certain actions in furtherance of this Resolution, as defined herein. (Fiscal Impact) Supervisor Safai requested to be added as a co-sponsor. Resolution No. 267-23 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 490 Printed at 4:18 pm on 4/25/24 ### [Page 10](https://sfbos.info/documents/928/2023-05-23-minutes#page-10) Board of Supervisors Meeting Minutes 5/23/2023 President Peskin requested File Nos. 230509 and 230524 be called together. 230509 [Multifamily Housing Revenue Notes - 730 Stanyan Associates, L.P. - Not to Exceed $90,000,000] Sponsors: Mayor; Preston and Safai Resolution authorizing the execution and delivery of multifamily housing revenue notes in one or more series in an aggregate principal amount not to exceed $90,000,000 for the purpose of providing financing for the construction of a 160-unit multifamily rental housing project known as 730 Stanyan; approving the form of and authorizing the execution of a funding loan agreement providing the terms and conditions of the construction loan from the construction funding lender to the City, and the execution and delivery of the construction 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 an amended and restated funding loan agreement 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: 10 - Chan, Dorsey, Engardio, Mandelman, Peskin, Preston, Ronen, Safai, Stefani, Walton Excused: 1 - Melgar City and County of San Francisco Page 491 Printed at 4:18 pm on 4/25/24