City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
200485
Name:
Multifamily Housing Revenue Bonds - 480 Eddy
Street, 75 Dore Street - Not to Exceed $60,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/12/2020
Clerk of the Board
On agenda:
Final action:
6/19/2020
Enactment date:
6/19/2020
257-20
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 $60,000,000 for
480 Eddy Street and 75 Dore 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 $60,000,000; 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
Attachments:
1. Leg Ver1, 2. Project Description, 3. TEFRA Proof of Pub 051120, 4. TEFRA Hrg Ntc 050420, 5.
TEFRA Hrg Mins 051120, 6. Comm Pkt 060320, 7. Board Pkt 060920, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/12/2020
1
RECOMMENDED
Budget and Finance Committee
6/3/2020
1
Pass
ADOPTED
Board of Supervisors
6/9/2020
1
Pass
APPROVED
Mayor
6/19/2020
1