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File #: 210766    Version: 1 Name: Multifamily Housing Revenue Bonds - 151 and 351 Friedell Street (Hunters Point Shipyard Phase 1 Blocks 52 and 54) - Not to Exceed $63,000,000
Type: Resolution Status: Passed
Introduced: 6/29/2021 In control: Clerk of the Board
On agenda: Final action: 8/4/2021
Enactment date: 8/4/2021 Enactment #: 386-21
Title: Resolution declaring the intent of the City and County of San Francisco (“City”) to reimburse certain expenditures from proceeds of future bonded indebtedness in an aggregate principal amount not to exceed $63,000,000; 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 $63,000,000 for 151 and 351 Friedell Street (Hunters Point Shipyard Phase 1 Blocks 52 and 54); 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; authorizing and directing the execution of any documents necessary to implement this Resolution; and ratifying and approving any action heretofore taken in connection with the Project, as defined herein, and the Application, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver 1, 2. Project Description, 3. Pres Action Memo 070721, 4. Comm Pkt 072121, 5. Board Pkt 072721, 6. Leg Final
Legislation Details
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