City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220646
Name:
Multifamily Housing Revenue Bonds - Sunnydale
HOPE SF Block 3A - Not to Exceed $74,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/24/2022
Clerk of the Board
On agenda:
Final action:
7/8/2022
Enactment date:
7/8/2022
306-22
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 in an aggregate principal amount not to
exceed $74,000,000 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 $74,000,000 for Sunnydale HOPE SF Block 3A at 1500 Block of Sunnydale Avenue;
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, if necessary; authorizing the Director to
certify to CDLAC that the City has on deposit the required amount, if necessary; 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, Shamann Walton
Attachments:
1. Leg Ver1, 2. Project Description, 3. Pres Memo Transfer - BFC-GAO 060709, 4. Comm Pkt
061622, 5. Board Pkt 062822, 6. Form 126, 7. Form 126 Final, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/24/2022
1
TRANSFERRED
President
6/7/2022
1
RECOMMENDED
Government Audit and Oversight
Committee
6/16/2022
1
Pass
ADOPTED
Board of Supervisors
6/28/2022
1
Pass
APPROVED
Mayor
7/8/2022
1