City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
130769
Name:
Multifamily Housing Revenue Bonds - Western Park
Apartments - 1280 Laguna Street - Not to Exceed
$35,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/23/2013
Clerk of the Board
On agenda:
Final action:
8/7/2013
Enactment date:
8/7/2013
309-13
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 and Community Development (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 $35,000,000 for
Western Park Apartments, 1280 Laguna Street, San Francisco, California 94115; 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
$35,000,000; 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. Board_Packet_073013, 2. Leg_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
7/23/2013
1
ADOPTED
Board of Supervisors
7/30/2013
1
Pass
APPROVED
Mayor
8/7/2013
1