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File #: 061531    Version: 1 Name: Appropriating $162,000,000 of Certificates of Participation revenue to purchase and make improvements to three buildings for the City Administrator's Office for Fiscal Year 2006-2007
Type: Ordinance Status: Passed
Introduced: 11/7/2006 In control: Board of Supervisors
On agenda: Final action: 12/18/2006
Enactment date: Enactment #: 310-06
Title: Ordinance appropriating $162,000,000 of Certificates of Participation (COPs) revenue to purchase two buildings, including $96,355,000 for 1 South Van Ness and $51,160,000 for 1650 Mission, $6,130,000 for improvements to 30 Van Ness, and $8,355,000 for contingency changes in market conditions for the Office of City Administrator for Fiscal Year 2006-2007. Additionally, authorizing the advance of $2,721,727 from the Reserve for Rainy Day – One-Time Account to the City Administrator for improvements to these buildings in advance of the COPs sale, which shall be reimbursed upon receipt of the COPs proceeds.
Sponsors: Mayor, Aaron Peskin
Attachments: 1. Leg_Ver1, 2. Leg_Final
Legislation Details
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