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Title:
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Resolution (1) authorizing the issuance of refunding and capital improvement bonds in one or more series by the City and County of San Francisco Redevelopment Financing Authority in an amount not to exceed $90,000,000 to refinance indebtedness previously issued in 1993 and 1996 and provide additional funds for affordable housing; (2) approving an amendment to the budget of the Redevelopment Agency of the City and County of San Francisco for fiscal year 2003-2004, by increasing the Agency’s tax increment receipts in an amount not to exceed $3,373,160 to provide funds for payment of such amount to the Educational Revenue and Augmentation Fund, authorizing the receipt of approximately $10,000,000 from the sale of tax allocation refunding and capital improvement revenue bonds and also increasing the Agency’s expenditure authority in an amount not to exceed $13,373,160 to enable the Agency’s payment of $3,373,160 to the Education Revenue and Augmentation Fund and expenditure of bond proceeds in the amount of approximately $10,000,000 for affordable housing and related purposes; and (3) authorizing execution of a Cooperation Agreement with the Redevelopment Agency of the City and County of San Francisco that provides for the Agency’s payment of $1,912,094 to the City and County of San Francisco from the proceeds of bonds to be issued in 2004, such amount to constitute the Agency’s deposit towards the purchase of one or more underutilized sites to be conveyed to the Agency for affordable housing.
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Attachments:
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1. Leg_Ver1, 2. Leg_Ver2, 3. Leg_Final
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