City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140719
Name:
Resolution of Intent - Mortgage Revenue Bonds -
800 Presidio Avenue - Not to Exceed $15,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
6/17/2014
Clerk of the Board
On agenda:
Final action:
7/18/2014
Enactment date:
7/18/2014
236-14
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (the “City”) to reimburse
certain expenditures from proceeds of future bonded indebtedness; authorizing the Director of the
Mayor’s Office of Housing and Community Development (the “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 $15,000,000 for
800 Presidio Avenue (The John Burton Foundation Housing Complex); authorizing and directing the
Director to direct the Controller’s Office to hold in trust an amount not to exceed $75,000 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 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 $15,000,000; 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:
London N. Breed
Attachments:
1. Leg Ver1, 2. MOHCD Ltr 061314, 3. Comm Pkt 063014, 4. Board Pkt 070814, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/17/2014
1
REFERRED TO DEPARTMENT
Clerk of the Board
6/27/2014
1
RECOMMENDED
Land Use and Economic
Development Committee
6/30/2014
1
Pass
ADOPTED
Board of Supervisors
7/8/2014
1
Pass
APPROVED
Mayor
7/18/2014
1