City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140653
Name:
Multifamily Housing Revenue Bonds - 2700 Arelious
Walker Drive - Not to Exceed $32,500,000
Status:
Type:
Resolution
Passed
File created:
In control:
6/3/2014
Clerk of the Board
On agenda:
Final action:
6/26/2014
Enactment date:
6/26/2014
210-14
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco to reimburse certain
expenditures from proceeds of future bonded indebtedness; authorizing the Director of the Mayor’s
Office of Housing and Community Development 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 $32,500,000 for 2700 Arelious Walker
Drive (San Francisco, California 94124); 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 $32,500,000; 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 and the application.
Sponsors:
Malia Cohen
Attachments:
1. Leg Ver1, 2. Comm Pkt 060914, 3. Board Pkt 061714, 4. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/3/2014
1
REFERRED TO DEPARTMENT
Clerk of the Board
6/5/2014
1
RECOMMENDED
Land Use and Economic
Development Committee
6/9/2014
1
Pass
ADOPTED
Board of Supervisors
6/17/2014
1
Pass
APPROVED
Mayor
6/26/2014
1