City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160520
Name:
Multifamily Housing Revenue Bonds - 1601 and
1677 Mariposa Street, 485-497 Carolina Street, 395
and 420 Wisconsin Street, and 210 Arkansas Street
(also known as “1601 Mariposa”) - Not to Exceed
$240,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/10/2016
Clerk of the Board
On agenda:
Final action:
6/8/2016
Enactment date:
223-16
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 $240,000,000
for 1601 and 1677 Mariposa Street, 485-497 Carolina Street, 395 and 420 Wisconsin Street, and 210
Arkansas 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:
Malia Cohen
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