City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
211153
Name:
Multifamily Housing Revenue Bonds - 4200 Geary
Boulevard - Not to Exceed $58,009,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/2/2021
Clerk of the Board
On agenda:
Final action:
12/22/2021
Enactment date:
12/22/2021
567-21
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (“City”) to reimburse certain
expenditures from proceeds of future tax-exempt bonded indebtedness in an aggregate principal
amount not to exceed $58,009,000 in one or more series of bonds on a tax-exempt or taxable basis;
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 $58,009,000 for 4200 Geary Boulevard (San Francisco, California 94118);
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, as
defined herein; and ratifying and approving any action heretofore taken in connection with the Project,
as defined herein, and the Application, as defined herein.
Sponsors:
Mayor, Connie Chan
Attachments:
1. Leg Ver1, 2. Project Description, 3. Comm Pkt 120821, 4. Board Pkt 121421, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/2/2021
1
RECOMMENDED
Budget and Finance Committee
12/8/2021
1
Pass
ADOPTED
Board of Supervisors
12/14/2021
1
Pass
APPROVED
Mayor
12/22/2021
1