City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
120889
Name:
Multifamily Housing Revenue Bonds - 1415 Mission
Street
Status:
Type:
Resolution
Passed
File created:
In control:
9/4/2012
Board of Supervisors
On agenda:
Final action:
9/11/2012
9/17/2012
Enactment date:
9/17/2012
332-12
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco to reimburse certain
expenditures from proceeds of future bonded indebtedness; authorizing the Director of the Mayor’s
Office of Housing to submit an application and related documents to the California Debt Limit
Allocation Committee (CDLAC) to authorize the issuance of residential mortgage revenue bonds in an
aggregate principal amount not to exceed $42,000,000 for a 121 unit residential rental housing
development to be located at 1415 Mission Street; authorizing and directing the Director to request
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 $42,000,000; 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_Ve1, 2. Board_Packet_091112, 3. Legislation_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
9/4/2012
1
ADOPTED
Board of Supervisors
9/11/2012
1
ADOPTED
Board of Supervisors
9/11/2012
1
Pass
APPROVED
Mayor
9/17/2012
1