City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
110974
Name:
Multifamily Housing Revenue Bonds - 1180 Fourth
Street Family Housing - Not to Exceed $50,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/6/2011
Board of Supervisors
On agenda:
Final action:
9/13/2011
9/15/2011
Enactment date:
9/15/2011
366-11
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (City) to reimburse certain
expenditures from proceeds of future bonded indebtedness; authorizing the Housing Development
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 permit the issuance of residential
mortgage revenue bonds in an aggregate principal amount not to exceed $50,000,000 for 1180 Fourth
Street Family Housing; 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; 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_Packet091311, 3. Legislation_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
9/6/2011
1
ADOPTED
Board of Supervisors
9/13/2011
1
Pass
APPROVED
Mayor
9/15/2011
1