City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
130887
Name:
Multifamily Housing Revenue Bonds - 1825 Mission
Street (Vincentian Villa) - Not to Exceed
$15,500,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/17/2013
Clerk of the Board
On agenda:
Final action:
10/11/2013
Enactment date:
10/11/2013
349-13
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 (Director) 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 $15,500,000 for 1825 Mission Street (Vincentian Villa);
authorizing and directing the Director to direct the Controller’s Office to hold in trust an amount not to
exceed $77,500 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 $15,500,000;
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:
David Campos
Attachments:
1. Leg_Ver1, 2. 130887 Support 1.pdf, 3. Comm_Pkt_092513, 4. Board_Pkt_100113, 5. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/17/2013
1
RECOMMENDED
Budget and Finance Committee
9/25/2013
1
Pass
ADOPTED
Board of Supervisors
10/1/2013
1
Pass
APPROVED
Mayor
10/11/2013
1