City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
150493
Name:
General Obligation Bond Election - Affordable
Housing - Not to Exceed $500,000,000
Status:
Type:
Ordinance
Killed
File created:
In control:
5/12/2015
Budget and Finance Committee
On agenda:
Final action:
6/24/2015
Enactment date:
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
$500,000,000 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:
John Avalos, David Campos, Eric Mar
Attachments:
1. Leg Ver1, 2. General Plan Referral, 3. Controller Ltr 062315, 4. Comm Pkt 062215
Action By
Date
Action
Result
Ver.
ASSIGNED
President
5/12/2015
1
MEETING RECESSED
Budget and Finance Committee
6/22/2015
1
Pass
TABLED
Budget and Finance Committee
6/24/2015
1
Pass