City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
061685
Name:
Mortgage Revenue Bonds
Status:
Type:
Resolution
Passed
File created:
In control:
12/12/2006
Board of Supervisors
On agenda:
Final action:
2/2/2007
Enactment date:
46-07
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
revenue bonds in an aggregate principal amount not to exceed $55,000,000 for Mason Street
Affordable Housing Development; authorizing and directing the Director to direct the Controller’s
Office to hold in trust an amount not to exceed $275,000 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 qualified mortgage revenue bonds; approving, for purposes of the Internal Revenue
Code of 1986, as amended, the issuance and sale of mortgage revenue bonds by the City in an
aggregate principal amount not to exceed $55,000,000; 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, Bevan Dufty
Attachments:
1. Leg_Ver1, 2. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/12/2006
1
RECOMMENDED
Budget and Finance Committee
1/10/2007
1
Pass
ADOPTED
Board of Supervisors
1/23/2007
1
Pass
APPROVED
Mayor
2/2/2007
1