City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140241
Name:
Multifamily Housing Revenue Bonds - 350 Friedell
Street (Block No. 4591-C, Lot No. 103) - Not to
Exceed $19,500,000
Status:
Type:
Resolution
Killed
File created:
In control:
3/11/2014
Budget and Finance Sub-Committee
On agenda:
Final action:
3/26/2014
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 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 $19,500,000 for
350 Friedell Street, San Francisco, CA 94124 (Block No. 4591-C, Lot No. 103); 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;
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. Comm Pkt 032614
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/11/2014
1
TABLED
Budget and Finance Sub-
Committee
3/26/2014
1
Pass