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File #: 150490    Version: Name: General Obligation Bond Election - Affordable Housing - Not to Exceed $310,000,000
Type: Ordinance Status: Passed
Introduced: 5/12/2015 In control: Clerk of the Board
On agenda: Final action: 7/22/2015
Enactment date: 7/22/2015 Enactment #: 121-15
Title: Ordinance calling and providing for a special election to be held in the City and County of San Francisco (City) on Tuesday, November 3, 2015, for the purpose of submitting to San Francisco voters a proposition to incur the following bonded indebtedness (Bonds) of the City: not to exceed $310,000,000 to finance the construction, acquisition, improvement, rehabilitation, preservation and repair of affordable housing improvements, and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code Chapter 37; providing for the levy and collection of taxes to pay both principal and interest on such Bonds; incorporating the provisions of the Administrative Code relating to the Citizens’ General Obligation Bond Oversight Committee’s review of the Bonds; setting certain procedures and requirements for the election; adopting findings under the California Environmental Quality Act; and finding that the proposed Bonds are in conformity with the General Plan, and with the eight priority policies of Planning Code, Section 101.1(b).
Sponsors: Mayor, London N. Breed, Julie Christensen, Malia Cohen, Mark Farrell, Katy Tang, Scott Wiener, John Avalos, Norman Yee, David Campos, Jane Kim, Eric Mar
Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. Planning Ltr 051115, 4. Comm Pkt 062215, 5. Comm Pkt 070815, 6. Financial Analysis 070615, 7. Leg Ver2, 8. Leg Dig Ver2, 9. Board Pkt 071415, 10. Board Pkt 072115, 11. Leg Final, 12. Election Submission 072415
Related files: 150489, 180325
Legislation Details
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