City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
180811
Name:
Multifamily Housing Revenue Bonds - 1045 Capp
Street (Abel Gonzales Apartments) - Not to Exceed
$20,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
7/31/2018
Clerk of the Board
On agenda:
Final action:
9/28/2018
Enactment date:
9/28/2018
310-18
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 $20,000,000 for
1045 Capp Street (Abel Gonzales Apartments ); 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 $20,000,000; 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. Project Description, 3. Proof of Pub 072718, 4. Form 126, 5. Comm Pkt 090618, 6.
Board Pkt 091818, 7. Form 126 Final, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
7/31/2018
1
RECOMMENDED
Budget and Finance Committee
9/6/2018
1
Pass
ADOPTED
Board of Supervisors
9/18/2018
1
Pass
APPROVED
Mayor
9/28/2018
1