City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160521
Name:
Multifamily Housing Revenue Bonds - 909 and 921
Howard Street, 206-228 5th Street, and 414
Tehama Street (also known as “5th and Howard”) -
Not to Exceed $225,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/10/2016
Clerk of the Board
On agenda:
Final action:
6/8/2016
Enactment date:
224-16
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 $225,000,000
for 909 and 921 Howard Street, 206-228 5th Street, and 414 Tehama 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, 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:
Jane Kim
Attachments:
1. Leg Ver1, 2. Project Description 050916, 3. Comm Pkt 052016, 4. Board Pkt 060716, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/10/2016
1
TRANSFERRED
Clerk of the Board
5/17/2016
1
RECOMMENDED
Budget and Finance Committee
5/25/2016
1
Pass
ADOPTED
Board of Supervisors
6/7/2016
1
Pass
APPROVED
Mayor
6/8/2016
1