City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140490
Name:
Multifamily Housing Revenue Bonds - 1301-4th
Street (Mission Bay South Block 7 West) - Not to
Exceed $47,500,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/6/2014
Clerk of the Board
On agenda:
Final action:
5/28/2014
Enactment date:
5/28/2014
173-14
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 $47,500,000 for
1301-4th Street (Mission Bay South Block 7 West), San Francisco, California 94107; 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
$47,500,000; 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:
Jane Kim
Attachments:
1. Leg Ver1, 2. Intro letter, 3. Project Description, 4. Proof of TEFRA Public Notice, 5. Comm Pkt
051414, 6. Board Pkt 052014, 7. Leg Final
Action By
Date
Action
Result
Ver.
ASSIGNED
President
5/6/2014
1
RECOMMENDED
Budget and Finance Committee
5/14/2014
1
Pass
ADOPTED
Board of Supervisors
5/20/2014
1
Pass
APPROVED
Mayor
5/28/2014
1