City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
150307
Name:
Multifamily Housing Revenue Bonds - 345 Arguello
Boulevard - Not to Exceed $23,000,000
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
132-15
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 $23,000,000 for
345 Arguello Boulevard; 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 $23,000,000; and authorizing and directing the execution of any documents
necessary to implement this Resolution, as defined herein.
Sponsors:
Mayor, Eric Mar
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