City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
141230
Name:
Multifamily Housing Revenue Bonds - 588 Mission
Bay Boulevard North (also known as Mission Bay
South Block 7 West) - Not to Exceed $62,500,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/25/2014
Clerk of the Board
On agenda:
Final action:
12/19/2014
Enactment date:
12/19/2014
477-14
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 $62,500,000 for
588 Mission Bay Boulevard North (also known as 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 $ 62,500,000; 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. Comm_Pkt_121014, 3. Board Pkt 121614, 4. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/25/2014
1
RECOMMENDED
Budget and Finance Committee
12/10/2014
1
Pass
ADOPTED
Board of Supervisors
12/16/2014
1
Pass
APPROVED
Mayor
12/19/2014
1