City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
150892
Name:
Multifamily Housing Revenue Bonds - 1035 Folsom
Street and 21 Columbia Square Street - Not to
Exceed $16,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/8/2015
Clerk of the Board
On agenda:
Final action:
10/8/2015
Enactment date:
357-15
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (the “City”) to reimburse
certain expenditures from proceeds of future bonded indebtedness; authorizing the Director of the
Mayor’s Office of Housing and Community Development (the “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 $16,000,000
for 1035 Folsom Street and 21 Columbia Square Street; 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 $16,000,000; 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. MOHCD Ltr 090815, 3. Project Overview, 4. Proof of Publication, 5. Hearing Notice, 6.
Comm Pkt 092315, 7. Board Pkt 092915, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/8/2015
1
RECOMMENDED
Budget and Finance Committee
9/23/2015
1
Pass
ADOPTED
Board of Supervisors
9/29/2015
1
Pass
APPROVED
Mayor
10/8/2015
1