City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
180738
Name:
Multifamily Housing Revenue Bonds - 691 China
Basin Street (Mission Bay South Block 6 West) -
Not to Exceed $80,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/10/2018
Clerk of the Board
On agenda:
Final action:
8/10/2018
Enactment date:
8/10/2018
288-18
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 $80,000,000 for
691 China Basin 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; 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 $80,000,000; 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:
Jane Kim
Attachments:
1. Leg Ver1, 2. Project Description, 3. TEFRA Proof of Pub 070518, 4. Form 126, 5. Comm Pkt
072618, 6. Bd Pkt 073118, 7. Form 126 Final, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
7/10/2018
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Sub-
Committee
7/26/2018
1
Pass
ADOPTED
Board of Supervisors
7/31/2018
1
Pass
APPROVED
Mayor
8/10/2018
1