City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
170997
Name:
Multifamily Housing Revenue Bonds - 2675 Folsom
Street and 970 Treat Avenue - Not to Exceed
$130,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/12/2017
Clerk of the Board
On agenda:
Final action:
10/6/2017
Enactment date:
10/6/2017
367-17
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (“City”) to reimburse certain
expenditures from proceeds of future bonded indebtedness; authorizing the Director of the Mayor’s
Office of Housing and Community Development (“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 $130,000,000 for
2675 Folsom Street and 970 Treat Avenue; 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 $130,000,000; 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:
Hillary Ronen
Attachments:
1. Leg Ver1, 2. Proj Description 090817, 3. TEFRA Ad Proof 090317, 4. Form 126, 5. Comm Pkt
092817, 6. Bd Pkt 100317, 7. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/12/2017
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Committee
9/28/2017
1
Pass
ADOPTED
Board of Supervisors
10/3/2017
1
Pass
APPROVED
Mayor
10/6/2017
1