City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
191152
Name:
Multifamily Housing Revenue Bonds - 600 Seventh
Street/801 Brannan Street (600 Seventh Street) -
Not to Exceed $107,000,000
Status:
Type:
Resolution
Filed
File created:
In control:
11/12/2019
Budget and Finance Committee
On agenda:
Final action:
10/8/2020
Enactment date:
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 $107,000,000; 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 $107,000,000 for 600 Seventh Street/801 Brannan Street
(600 Seventh 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
Attachments:
1. Leg Ver1, 2. Project Description, 3. Form 126
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/12/2019
1
FILED PURSUANT TO RULE 3.41
Clerk of the Board
10/8/2020
1