City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
031883
Name:
Mortgage Revenue Bonds
Status:
Type:
Resolution
Killed
File created:
In control:
11/18/2003
Finance and Audits Committee
On agenda:
Final action:
12/10/2003
Enactment date:
Enactment #:
Title:
Resolution declaring the intent of the City and County of San Francisco (the "City") to reimburse
certain expenditures from proceeds of future bonded indebtedness; authorizing the Director of the
Mayor’s Office of Housing (the "Director") to submit an application and related documents to the
California Debt Limit Allocations Committee ("CDLAC") to permit the issuance of qualified mortgage
bonds in an aggregate principal amount not to exceed $25,000,000; authorizing and directing the
Director to deposit with the Controller’s Office an amount not to exceed $125,000 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 the deposit to the State of
California if the City fails to issue the qualified mortgage bonds; and authorizing and directing the
execution of any documents necessary to implement this Resolution and 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.
Sponsors:
Mayor
Attachments:
1. Legislation_Ver1
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/18/2003
1
TABLED
Finance and Audits Committee
12/10/2003
1
Pass