City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
161072
Name:
Multifamily Housing Revenue Bonds - 2800 Arelious
Walker Drive - Not to Exceed $16,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
10/4/2016
Clerk of the Board
On agenda:
Final action:
11/10/2016
Enactment date:
11/10/2016
473-16
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 $16,000,000
for 2800 Arelious Walker Drive; 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 $16,000,000; 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:
Malia Cohen
Attachments:
1. Leg Ver1, 2. MOHCD Ltr 093016, 3. Project Description, 4. Proof of Pub 091316, 5. TEFRA
Hearing Minutes 092816, 6. Comm Pkt 102616, 7. Board Pkt 110116, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/4/2016
1
RECOMMENDED
Budget and Finance Committee
10/26/2016
1
Pass
ADOPTED
Board of Supervisors
11/1/2016
1
Pass
APPROVED
Mayor
11/10/2016
1