City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160369
Name:
Multifamily Housing Revenue Bonds - 1101
Connecticut Street (also known as Potrero Block X)
- Not to Exceed $56,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
4/12/2016
Clerk of the Board
On agenda:
Final action:
5/27/2016
Enactment date:
5/27/2016
193-16
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 $56,000,000
for 1101 Connecticut Street (also known as Potrero Block X); 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 $56,000,000; 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:
Malia Cohen
Attachments:
1. Leg Ver1, 2. Project Overview 041116, 3. Proof of Publication 033116, 4. Comm Pkt 051116, 5.
Board Pkt 051716, 6. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/12/2016
1
RECOMMENDED
Budget and Finance Sub-
Committee
5/11/2016
1
Pass
ADOPTED
Board of Supervisors
5/17/2016
1
Pass
APPROVED
Mayor
5/27/2016
1