City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160479
Name:
Multifamily Housing Revenue Bonds - 171 Loehr
Street and 1250 Sunnydale Avenue (“Britton Court”)
- Not to Exceed $76,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/3/2016
Clerk of the Board
On agenda:
Final action:
6/3/2016
Enactment date:
6/3/2016
206-16
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 $76,000,000
for 171 Loehr Street and 1250 Sunnydale 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; authorizing and directing the execution
of any documents necessary to implement this Resolution, as defined herein; 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 Description 050316, 3. Comm Pkt 051816, 4. Board Pkt 052416, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/3/2016
1
TRANSFERRED
Clerk of the Board
5/11/2016
1
RECOMMENDED
Budget and Finance Committee
5/18/2016
1
Pass
ADOPTED
Board of Supervisors
5/24/2016
1
Pass
APPROVED
Mayor
6/3/2016
1