City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
150306
Name:
Multifamily Housing Revenue Bonds - 1068 Oakdale
Street/798 Jerrold Avenue - Not to Exceed
$108,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/24/2015
Clerk of the Board
On agenda:
Final action:
4/24/2015
Enactment date:
4/24/2015
131-15
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 $108,000,000 for
the project known as Hunters Point East West located at 1068 Oakdale/798 Jerrold Avenue;
authorizing and directing 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 the 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,
solely 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
$108,000,000; and authorizing and directing the execution of any documents necessary to implement
this Resolution, as defined herein.
Sponsors:
Mayor, Malia Cohen
Attachments:
1. Leg Ver1, 2. Pub Hearing Notice, 3. Comm Pkt 040815, 4. Ppt Presentation 040815, 5. Board Pkt
041415, 6. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/24/2015
1
RECOMMENDED
Budget and Finance Sub-
Committee
4/8/2015
1
Pass
ADOPTED
Board of Supervisors
4/14/2015
1
Pass
APPROVED
Mayor
4/24/2015
1