https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4061029&GUID=97AEF90A-2FF5-47F5-A276-57E75E583EF6Legistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=4061029&GUID=97AEF90A-2FF5-47F5-A276-57E75E583EF697AEF90A-2FF5-47F5-A276-57E75E583EF6-2022-04-03-07-44-17Title: Resolution declaring the intent of the City and County of San Francisco (“City”) to reimburse certain expenditures from proceeds of future bonded indebtedness; authorizing the Director of the Mayor’s Office of Housing and Community Development (“Director”) to submit an application and related documents to the California Debt Limit Allocation Committee (“CDLAC”) to permit the issuance of residential mortgage revenue bonds in an aggregate principal amount not to exceed $50,000,000 for 401 Avenue of the Palms (Parcel C3.2 of the Treasure Island Master Plan) (Maceo May Apartments); authorizing and directing the Director to direct the Controller’s Office to hold in trust an amount not to exceed $100,000 in accordance with CDLAC procedures; authorizing the Director to certify to CDLAC that the City has on deposit the required amount; authorizing the Director to pay an amount equal to such deposit to the State of California if the City fails to issue the residential mortgage revenue bonds; approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of resSun, 03 Apr 2022 07:44:17 GMT