City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160966
Name:
Multifamily Housing Revenue Bonds - 210 and 238
Taylor Street - Not to Exceed $95,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/6/2016
Clerk of the Board
On agenda:
Final action:
10/14/2016
Enactment date:
430-16
Enactment #:
Title:
Resolution 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 $95,000,000 for 210 and 238 Taylor Street (San Francisco, California
94102); 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; 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 $95,000,000; declaring the intent of the City and County of San
Francisco (the “City”) to reimburse certain expenditures from proceeds of future bonded
indebtedness; 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:
Mayor, Jane Kim
Attachments:
1. Leg Ver1, 2. MOHCD Memo 090216, 3. Proof of Publication 082816, 4. Comm Pkt 092116, 5.
Comm Pkt 092816, 6. Board Pkt 100416, 7. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/6/2016
1
CONTINUED
Budget and Finance Committee
9/21/2016
1
Pass
RECOMMENDED
Budget and Finance Committee
9/28/2016
1
Pass
ADOPTED
Board of Supervisors
10/4/2016
1
Pass
APPROVED
Mayor
10/14/2016
1