City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
051044
Name:
Multifamily Housing Revenue Bonds - 575 Eddy
Street Apartments
Status:
Type:
Resolution
Passed
File created:
In control:
6/7/2005
Board of Supervisors
On agenda:
Final action:
8/12/2005
Enactment date:
600-05
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (the “City”) to reimburse
certain expenditures from proceeds of future bonded indebtedness; authorizing the Director of the
Mayor’s Office of Housing (the “Director”) to submit an application and related documents to the
California Debt Limit Allocations Committee (“CDLAC”) to permit the issuance of qualified mortgage
revenue bonds in an aggregate principal amount not to exceed $5,000,000 for 575 Eddy Street
Apartments; authorizing and directing the Director to direct the Controller’s Office to hold in trust an
amount not to exceed $25,000 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 qualified mortgage
revenue bonds; approving, for purposes of the Internal Revenue Code of 1986, as amended, the
issuance and sale of mortgage revenue bonds by the City in an aggregate principal amount not to
exceed $5,000,000; 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:
Chris Daly
Attachments:
1. Leg_Ver1, 2. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/7/2005
1
RECOMMENDED
Budget and Finance
Subcommittee
7/21/2005
1
Pass
ADOPTED
Board of Supervisors
8/2/2005
1
Pass
APPROVED
Mayor
8/12/2005
1