City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210033
Name:
Multifamily Housing Revenue Bonds - 1360-43rd
Avenue (Shirley Chisholm Village) - Not to Exceed
$108,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
1/12/2021
Clerk of the Board
On agenda:
Final action:
2/4/2021
Enactment date:
2/4/2021
019-21
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 in an aggregate principal amount not to
exceed $108,000,000; 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 $108,000,000 for 1360-43rd Avenue (Shirley Chisholm
Village); 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, 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, Gordon Mar, Ahsha Safai, Matt Haney
Attachments:
1. Leg Ver1, 2. Project Description, 3. Comm Pkt 012721, 4. Post Pkt Correspondence 012521, 5.
Board Pkt 020221, 6. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/12/2021
1
RECOMMENDED
Budget and Finance Committee
1/27/2021
1
Pass
ADOPTED
Board of Supervisors
2/2/2021
1
Pass
APPROVED
Mayor
2/4/2021
1