City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
110353
Name:
Multifamily Housing Revenue Indebtedness - Not to
Exceed $41,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/22/2011
Board of Supervisors
On agenda:
Final action:
3/29/2011
3/30/2011
Enactment date:
3/30/2011
148-11
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (City) to: 1) reimburse certain
expenditures from proceeds of future indebtedness; 2) authorizing the Director of the Mayor’s Office
of Housing (Director) to submit an application and related documents to the California Debt Limit
Allocations Committee (CDLAC) for an allocation of indebtedness (Allocation) in an aggregate
principal amount not to exceed $41,000,000 for Hunters View Phase IA; 3) 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; 4) authorizing the Director to certify to CDLAC that the City has
on deposit the required amount; 5) authorizing the Director to pay an amount equal to such deposit to
the State of California if the City fails to use such Allocation; 6) approving, for purposes of the Internal
Revenue Code of 1986, as amended, the execution and delivery of a mortgage revenue note by the
City in an aggregate principal amount not to exceed $41,000,000; 7) authorizing and directing the
execution of any documents necessary to implement this Resolution; and 8) ratifying and approving
any action heretofore taken in connection with the Project as defined herein and the Application as
defined herein.
Sponsors:
Malia Cohen
Attachments:
1. Legislation_Ver1, 2. Board_Packet_032911, 3. Legislation_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
3/22/2011
1
ADOPTED
Board of Supervisors
3/29/2011
1
Pass
APPROVED
Mayor
3/30/2011
1