City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190314
Name:
Multifamily Housing Revenue Bonds - 242 Hahn
Street - Sunnydale Block 6 - Not to Exceed
$77,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/19/2019
Clerk of the Board
On agenda:
Final action:
4/26/2019
Enactment date:
4/26/2019
189-19
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 $77,000,000 for
Sunnydale Block 6 with a current address of 242 Hahn 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 $77,000,000; authorizing
and directing the execution of any documents necessary to implement this Resolution, as defined
herein; and ratifying and approving any action heretofore taken in connection with the Project, as
defined herein, and the Application, as defined herein.
Sponsors:
Mayor, Shamann Walton
Attachments:
1. Leg Ver1, 2. Proj Description, 3. Proof of Publication 030119, 4. TEFRA Hearing Minutes 031519, 5.
Form 126, 6. Comm Pkt 040319, 7. Comm Pkt 041019, 8. Board Pkt 041619, 9. Form 126 Final, 10.
Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/19/2019
1
CONTINUED
Budget and Finance Sub-
Committee
4/3/2019
1
Pass
RECOMMENDED
Budget and Finance Sub-
Committee
4/10/2019
1
Pass
ADOPTED
Board of Supervisors
4/16/2019
1
Pass
APPROVED
Mayor
4/26/2019
1