City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
201391
Name:
Multifamily Housing Revenue Bonds - 600-7th
Street - Not to Exceed $90,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
12/15/2020
Clerk of the Board
On agenda:
Final action:
8/4/2021
Enactment date:
8/4/2021
372-21
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 $90,000,000 for
600-7th 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 $90,000,000; 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 Hrg Ntce Proof of Pub 120720, 4. TEFRA Hrg Minutes
120720, 5. MYR Email Req 052021, 6. Comm Pkt 072121, 7. Board Pkt 072721, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/15/2020
1
REMAIN ACTIVE
Clerk of the Board
5/20/2021
1
RECOMMENDED
Budget and Finance Committee
7/21/2021
1
Pass
ADOPTED
Board of Supervisors
7/27/2021
1
Pass
APPROVED
Mayor
8/4/2021
1