City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
140837
Name:
Multifamily Housing Revenue Bonds - 1500-1580
Mission Street - Not to Exceed $375,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/15/2014
Clerk of the Board
On agenda:
Final action:
8/7/2014
Enactment date:
8/7/2014
311-14
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
residential mortgage revenue bonds in an aggregate principal amount not to exceed $375,000,000 for
1500-1580 Mission Street; 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 $375,000,000; 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:
Mayor
Attachments:
1. Leg Ver1, 2. MOHCD Ltr 071514, 3. Program Summary, 4. Publication Notice, 5. Comm Pkt
062314, 6. Board Pkt 072914, 7. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
7/15/2014
1
TRANSFERRED
President
7/17/2014
1
RECOMMENDED
Budget and Finance Sub-
Committee
7/23/2014
1
Pass
ADOPTED
Board of Supervisors
7/29/2014
1
Pass
APPROVED
Mayor
8/7/2014
1