City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
130172
Name:
Multifamily Housing Revenue Bonds - 1100 Ocean
Avenue - Not to Exceed $25,000,000
Status:
Type:
Resolution
Filed
File created:
In control:
2/26/2013
Budget and Finance Committee
On agenda:
Final action:
3/14/2013
Enactment date:
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 $25,000,000 for 1100 Ocean Avenue (Assessor’s Parcel
No. 3180, portion of Lot No. 1); 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 revenue bonds by the City in an
aggregate principal amount not to exceed $25,000,000; 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:
Norman Yee
Attachments:
1. Leg_Ver1, 2. App_Ltr
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
2/26/2013
1
FILED PURSUANT TO RULE 3.40
Clerk of the Board
3/14/2013
1