City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
151131
Name:
Multifamily Housing Revenue Bonds - 330 and 320
Clementina Street - Not to Exceed $114,257,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/3/2015
Clerk of the Board
On agenda:
Final action:
12/9/2015
Enactment date:
448-15
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 $114,257,000
for 330 and 320 Clementina 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 $114,257,000; 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, Jane Kim
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