City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
171142
Name:
Multifamily Housing Revenue Bonds - Candlestick
Point South 11a - Not to Exceed $100,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
10/24/2017
Clerk of the Board
On agenda:
Final action:
12/8/2017
Enactment date:
12/8/2017
432-17
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 $100,000,000
for Candlestick Point South 11a (San Francisco, California 94124); 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; 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, 3. Comm Pkt 110917, 4. Board Pkt 112817, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/24/2017
1
RECOMMENDED
Budget and Finance Committee
11/9/2017
1
Pass
ADOPTED
Board of Supervisors
11/28/2017
1
Pass
APPROVED
Mayor
12/8/2017
1