City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160484
Name:
Multifamily Housing Revenue Bonds - Dorothy Day
Community - 54 McAllister Street - Not to Exceed
$111,000,000
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
209-16
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 $111,000,000
for 54 McAllister 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; 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. 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