Landmarks in Historic Districts and others, to enter into a maintenance contract with the city, basically agreeing to specific forms of improvements and maintenance to maintain and improve the historic integrity of these Historic Properties in exchange, the Property Owner receives a tax abatement. The contract is a 10year contract and it can be renewed over time. In San Francisco, we have had very, very few mills act contracts and almost none in terms of smaller properties because that process was so cumbersome and expensive and unpredictable and so forth. So, last year i authored legislation that this board passed unanimously to streamline our mills act contract process to set clear timetables with the Planning Department and with the Assessors Office and to make it easier process for people to participate in. We passed that earlier this year. So, we now have what i believe is our first grouping of smaller properties coming forward with mills act contracts as part of our annual mills
Clerk. Items acted upon today will appear on the january 7th, 2014 board of supervisors agenda unless otherwise stated. Okay, thank you. Could you please call item number 1 . Item number 1, resolution authorizing the execution, sale, and delivery of a housing revenue note in an aggregate Principal Amount not to exceed 28,500,000 for the purpose of providing financing for the construction of a 121unit affordable multifamily senior Residential Rental housing project, known as bayview Senior Housing; approving the form and authorizing the execution of a funding Loan Agreement and a borrower Loan Agreement; providing the terms and conditions of the note and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; authorizing the collection of certain fees; approving modifications, changes, and additions to the documents; granting General Authority to city officials to take actions necessary to implement this resolution; and ratifying and approving any a
Very exciting because for the first time, maybe ever, were starting to see Small Properties being able to participate in the Mills Act Program. The mills act is a state law that allows certain Historic Properties, particularly landmarks in Historic Districts and others, to enter into a maintenance contract with the city, basically agreeing to specific forms of improvements and maintenance to maintain and improve the historic integrity of these Historic Properties in exchange, the Property Owner receives a tax abatement. The contract is a 10year contract and it can be renewed over time. In San Francisco, we have had very, very few mills act contracts and almost none in terms of smaller properties because that process was so cumbersome and expensive and unpredictable and so forth. So, last year i authored legislation that this board passed unanimously to streamline our mills act contract process to set clear timetables with the Planning Department and with the Assessors Office and to mak
And conditions of the note and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; authorizing the collection of certain fees; approving modifications, changes, and additions to the documents; granting General Authority to city officials to take actions necessary to implement this resolution; and ratifying and approving any action heretofore taken in connection with the note and the project, as defined herein. ~ housing. Okay, thank you very much. We have ms. Mcnamara to speak on this item. Good morning, chair farrell, supervisors. I am pam sands, project manager in the Mayors Office of Community Housing development. Resolution before you this morning is for the issuance of bond proceeds to pick up a Construction Development related costs for bayview Senior Housing located at 17 51 carol avenue. The sponsoring Team Includes mccormick and bayview Hunters Point multipurpose senior services, inc. , as the owner and general partner. Wells fargo wil
Already im going to ask the people behind me to stand up but welcome two special guests im going to ask those special folks to come up. Joe pa did he is a painters thats worked in the department for the last 17 years and see that train out there you you know that that tarantula changes every year its a different at home and today, were honoring batkid and last year we honor the warriors and the giant and every year for the last 15 years joe paints that train for us. He spends the entire holiday seaming seagull so on the 15th anniversary of our train we wanted to notify up joe and its granddaughter lillian is going to lead us in the count down. Come own over here. 10, 9, 8, 7, 6, 5, 4, 3, 2, 1. Yeah. Happy holidays everybody. Enjoy our time and love your park. Have is a good morning, everyone. Welcome to the special meeting for the San Francisco board of supervisors budget and finance committee for monday, december 16th, 2013. My name is supervisor mark farrell, i will be chairing this