City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
151139
Name:
Multifamily Housing Revenue Bonds - 655, 711-795,
and 895 Pacific Avenue - Not to Exceed
$144,746,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/3/2015
Clerk of the Board
On agenda:
Final action:
12/9/2015
Enactment date:
456-15
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 $144,746,000
for 655, 711-795, and 895 Pacific Avenue; 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 $144,746,000; 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:
Mayor, Julie Christensen
Attachments:
1. Leg Ver1, 2. Project Overview 110215, 3. MOHCD Minutes 103015, 4. Proof of Pub 101615, 5.
Comm Pkt 111815, 6. Board Pkt 120115, 7. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/3/2015
1
RECOMMENDED
Budget and Finance Committee
11/18/2015
1
Pass
ADOPTED
Board of Supervisors
12/1/2015
1
Pass
APPROVED
Mayor
12/9/2015
1