City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
130624
Name:
Resolution of Intention - Expenditure Plan, Revenue
Bond - 1239 Turk Street (Rosa Parks II Senior
Housing) - Not to Exceed $30,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
6/11/2013
Clerk of the Board
On agenda:
Final action:
7/19/2013
Enactment date:
7/19/2013
230-13
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 qualified mortgage revenue bonds in an
aggregate principal amount not to exceed $30,000,000 for 1239 Turk Street (Rosa Parks II Senior
Housing); 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 qualified mortgage
revenue bonds; approving, for purposes of the Internal Revenue Code of 1986, as amended, the
issuance and sale of mortgage revenue bonds by the City in an aggregate principal amount not to
exceed $30,000,000; 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:
London N. Breed
Attachments:
1. Leg_Ver1, 2. Mayor's_OHCD, 3. Project_Descrp, 4. Comm_Packet_062413, 5.
Board_Packet_070913, 6. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/11/2013
1
TRANSFERRED
President
6/18/2013
1
RECOMMENDED..
Land Use and Economic
Development Committee
6/24/2013
1
Pass
ADOPTED
Board of Supervisors
7/9/2013
1
Pass
APPROVED
Mayor
7/19/2013
1