City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
120890
Name:
Multifamily Housing Revenue Bonds - 440 Valencia
Street, Plaza Del Sol
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
333-12
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 permit the issuance of residential mortgage revenue bonds in an
aggregate principal amount not to exceed $9,000,000 for 440 Valencia Street, Plaza del Sol;
authorizing and directing the Director to direct the Controller’s Office to hold in trust an amount not to
exceed $45,000 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
$9,000,000; 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:
Scott Wiener
Attachments:
1. Legislation_Ver1, 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