City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
150490
Name:
General Obligation Bond Election - Affordable
Housing - Not to Exceed $310,000,000
Status:
Type:
Ordinance
Passed
File created:
In control:
5/12/2015
Clerk of the Board
On agenda:
Final action:
7/22/2015
Enactment date:
7/22/2015
121-15
Enactment #:
Title:
Ordinance calling and providing for a special election to be held in the City and County of San
Francisco (City) on Tuesday, November 3, 2015, for the purpose of submitting to San Francisco
voters a proposition to incur the following bonded indebtedness (Bonds) of the City: not to exceed
$310,000,000 to finance the construction, acquisition, improvement, rehabilitation, preservation and
repair of affordable housing improvements, and related costs necessary or convenient for the
foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase
to residential tenants under Administrative Code Chapter 37; providing for the levy and collection of
taxes to pay both principal and interest on such Bonds; incorporating the provisions of the
Administrative Code relating to the Citizens’ General Obligation Bond Oversight Committee’s review
of the Bonds; setting certain procedures and requirements for the election; adopting findings under
the California Environmental Quality Act; and finding that the proposed Bonds are in conformity with
the General Plan, and with the eight priority policies of Planning Code, Section 101.1(b).
Sponsors:
Mayor, London N. Breed, Julie Christensen, Malia Cohen, Mark Farrell, Katy Tang, Scott Wiener, John
Avalos, Norman Yee, David Campos, Jane Kim, Eric Mar
Attachments:
1. Leg Ver1, 2. Leg Dig Ver1, 3. Planning Ltr 051115, 4. Comm Pkt 062215, 5. Comm Pkt 070815, 6.
Financial Analysis 070615, 7. Leg Ver2, 8. Leg Dig Ver2, 9. Board Pkt 071415, 10. Board Pkt 072115,
11. Leg Final, 12. Election Submission 072415
Action By
Date
Action
Result
Ver.
ASSIGNED
President
5/12/2015
1
MEETING RECESSED
Budget and Finance Committee
6/22/2015
1
Pass
AMENDED
Budget and Finance Committee
6/24/2015
1
Pass
CONTINUED AS AMENDED
Budget and Finance Committee
6/24/2015
2
Pass
RECOMMENDED
Budget and Finance Sub-
Committee
7/8/2015
2
Pass
PASSED ON FIRST READING
Board of Supervisors
7/14/2015
2
Pass
FINALLY PASSED
Board of Supervisors
7/21/2015
2
Pass
APPROVED
Mayor
7/22/2015
2
REFERRED TO DEPARTMENT
Clerk of the Board
7/24/2015
2