City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
121176
Name:
Multifamily Housing Revenue Bonds - 1100 Ocean
Avenue
Status:
Type:
Resolution
Passed
File created:
In control:
12/4/2012
Board of Supervisors
On agenda:
Final action:
12/11/2012
12/18/2012
Enactment date:
12/18/2012
475-12
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; authorizing the Director of the Mayor's
Office of Housing (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 $20,000,000 for 1100 Ocean Avenue, (Assessor's Parcel
No. 3180- (portion of) Lot No. 1, San Francisco, California 94112); 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; approving, for
purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential
mortgage bonds by the City in an aggregate principal amount not to exceed $20,000,000; 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:
Sean Elsbernd
Attachments:
1. Legislation_Ver1, 2. Board_Packet_121112, 3. Legislation_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
12/4/2012
1
ADOPTED
Board of Supervisors
12/11/2012
1
Pass
APPROVED
Mayor
12/18/2012
1