City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
121022
Name:
Multifamily Housing Revenue Bonds - 1401-1415
Mission Street - Not to Exceed $50,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
10/16/2012
Board of Supervisors
On agenda:
Final action:
10/23/2012
10/29/2012
Enactment date:
10/29/2012
390-12
Enactment #:
Title:
Resolution declaring its intent to reimburse certain expenditures from proceeds of future bonded
indebtedness; authorizing the Director of the Mayor’s Office of Housing (Director) to submit an
application and related documents to the California Debt Limit Allocation Committee (CDLAC) to
authorize the issuance of residential mortgage revenue bonds in an aggregate principal amount not to
exceed $50,000,000 for a 121-unit residential rental housing development to be located at 1401-1415
Mission Street; authorizing and directing the Director to request 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 CDLAC 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 residential mortgage revenue bonds by the City in an aggregate principal amount not to
exceed $50,000,000; 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:
Jane Kim
Attachments:
1. Legislation_Ver1, 2. Board_Packet_102312, 3. Legislation_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
10/16/2012
1
ADOPTED
Board of Supervisors
10/23/2012
1
Pass
APPROVED
Mayor
10/29/2012
1