City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160482
Name:
Multifamily Housing Revenue Bonds - Goodwill -
1500-1580 Mission Street and 77 South Van Ness
Avenue - Not to Exceed $475,000,000
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
207-16
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 $475,000,000
to finance a project at 1500-1580 Mission Street and 77 South Van Ness 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 tax exempt 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 $475,000,000; 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. Project Description 050316, 3. Proof of Publication 041416, 4. TEFRA Hearing
Minutes 042916, 5. Comm Pkt 051816, 6. Board Pkt 052416, 7. 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