City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
131214
Name:
Multifamily Housing Revenue Bonds - 227-228 West
Point Road - Not to Exceed $45,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
12/17/2013
Clerk of the Board
On agenda:
Final action:
1/15/2014
Enactment date:
1/15/2014
005-14
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 $45,000,000 for
227-228 West Point Road (Assessor’s Parcel No. 4624, Lot Nos. 29 and 31); 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 $45,000,000;
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:
Malia Cohen
Attachments:
1. Leg_Ver1, 2. Memo_121613, 3. Proj_Desc, 4. Notice_120913, 5. Comm_Pkt_011314, 6. Board Pkt
011414, 7. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/17/2013
1
TRANSFERRED
President
1/7/2014
1
RECOMMENDED AS COMMITTEE
REPORT
Land Use and Economic
Development Committee
1/13/2014
1
Pass
ADOPTED
Board of Supervisors
1/14/2014
1
Pass
APPROVED
Mayor
1/15/2014
1