City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
191127
Name:
Multifamily Housing Revenue Bonds - 4840 Mission
Street - Not to Exceed $75,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
11/5/2019
Clerk of the Board
On agenda:
Final action:
11/27/2019
Enactment date:
11/27/2019
519-19
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 in an aggregate principal amount not to
exceed $75,000,000; 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 $75,000,000 for 4840 Mission 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;
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:
Mayor, Ahsha Safai
Attachments:
1. Leg Ver1, 2. Project Description, 3. Form 126, 4. Comm Pkt 111819, 5. Bd Pkt 111919, 6. Form 126
Final, 7. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/5/2019
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Committee
11/18/2019
1
Pass
ADOPTED
Board of Supervisors
11/19/2019
1
Pass
APPROVED
Mayor
11/27/2019
1