City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160518
Name:
Multifamily Housing Revenue Bonds - 2060 and
2070 Folsom Street (also known as “17th and
Folsom”) - Not to Exceed $140,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/10/2016
Clerk of the Board
On agenda:
Final action:
6/8/2016
Enactment date:
221-16
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 $140,000,000
for 2060 and 2070 Folsom 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:
David Campos
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