City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
3
040954
Name:
Supportive and Affordable Rental Housing and
Homeownership Bonds Special Election
Status:
Type:
Ordinance
Passed
File created:
In control:
6/29/2004
Board of Supervisors
On agenda:
Final action:
7/22/2004
Enactment date:
160-04
Enactment #:
Title:
Ordinance calling and providing for a special election to be held in the City and County of San
Francisco (the “City”) on November 2, 2004, for the purpose of submitting to the qualified voters of the
City a proposition for the issuance of bonds or other forms of indebtedness by the City (or one of its
agencies, departments or enterprises) in the principal amount of Two-Hundred Million Dollars
($200,000,000) to finance the costs of the acquisition, construction and/or rehabilitation of supportive
housing for homeless individuals and families or persons at risk of becoming homeless who are
extremely low income, to finance the costs of the acquisition, construction and/or rehabilitation of
affordable rental housing for qualifying low and very low income individuals and/or families, to finance
the costs of construction of homeownership developments for qualifying low and moderate income
individuals and families, and to provide financial assistance for a home ownership program to
qualifying low and moderate income homebuyers, and authorizing landlords to passthrough fifty
percent (50%) of the resulting property tax increase to residential tenants in accordance with Chapter
37 of the San Francisco Administrative Code; finding that the estimated cost of the project is and will
be too great to be paid out of the ordinary annual income and revenue of the City and will require
expenditures greater than the amount allowed therefor by the annual tax levy; reciting the estimated
cost of such proposed project; fixing the date of and the manner of holding the special election and
the procedure for voting for or against the proposition; fixing the maximum rate of interest on the
bonds and/or other forms of indebtedness and providing for the levy and collection of taxes to pay
both principal and interest therefor; prescribing notice to be given of the special election; finding the
proposed project is in conformity with the priority policies of Planning Code Section 101.1(b) and with
the General Plan consistency requirement of Administrative Code Section 2A.53; consolidating the
special election with the general election to be held on November 2, 2004; establishing the election
precincts, voting places and officers for the special election; waiving the word limitation on ballot
propositions imposed by San Francisco Municipal Elections Code Section 510; complying with
Section 53410 of the California Government Code; incorporating the provisions of Article V of Chapter
V of the San Francisco Administrative Code, and imposing certain limitations on the use of bond
proceeds.
Sponsors:
Tom Ammiano, Aaron Peskin, Chris Daly, Matt Gonzalez, Sophie Maxwell, Bevan Dufty, Jake
McGoldrick, Michela Alioto-Pier, Gerardo Sandoval
Attachments:
1. Leg_Ver1, 2. Leg_Ver2, 3. Leg_Ver3, 4. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/29/2004
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Finance and Audits Committee
7/6/2004
1
CONTINUED AS AMENDED
Finance and Audits Committee
7/6/2004
2
Pass
REFERRED TO DEPARTMENT
Clerk of the Board
7/12/2004
2
RECOMMENDED AS COMMITTEE
REPORT
Finance and Audits Committee
7/12/2004
2
Pass
AMENDED
Board of Supervisors
7/13/2004
2
Pass
PASSED ON FIRST READING AS
AMENDED
Board of Supervisors
7/13/2004
3
Pass
FINALLY PASSED
Board of Supervisors
7/20/2004
3
Pass
APPROVED
Mayor
7/22/2004
3