City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
071677
Name:
Affordable Energy Improvement Loan Program
General Obligation Bond Election
Status:
Type:
Ordinance
Filed
File created:
In control:
12/11/2007
Clerk of the Board
On agenda:
Final action:
12/29/2008
Enactment date:
Enactment #:
Title:
Ordinance calling and providing for a special election to be held in the City and County of San
Francisco on Tuesday, June 3rd 2008, for the purpose of submitting to the voters of the City and
County of San Francisco a proposition to restructure the City's previously approved Seismic Safety
Loan Program to authorize the following bonded debt of the City and County: Fifty Million Dollars
($50,000,000) for a loan program seeking to finance privately-owned renewable energy and energy
efficiency projects, subject to loan repayments from the borrowers in amounts necessary to pay debt
service on such bonded indebtedness; amending the previously approved Seismic Safety Loan
Program bonding authority to reflect such reallocation; finding that the estimated cost of such
proposed project is and will be too great to be paid out of the ordinary annual income and revenue of
the City and County and will require expenditures greater than the amount allowed therefor by the
annual tax levy; reciting the estimated cost of such proposed project; fixing the date of election and
the manner of holding such election and the procedure for voting for or against the proposition; fixing
the maximum rate of interest on such bonds and providing for the levy and collection of taxes to pay
both principal and interest thereof; prescribing notice to be given of such election; finding that the
proposed project is excluded from the California Environmental Quality Act; finding that the proposed
project is in conformity with the priority policies of Planning Code Section 101.1(b) and with the
General Plan consistency requirement of Administrative Code Section 2A.53; authorizing landlords to
passthrough to residential tenants in units subject to Chapter 37 of the San Francisco Administrative
Code (the “Residential Stabilization and Arbitration Ordinance") 50% of the increase in the real
property taxes attributable to the cost of the repayment of the bonds; consolidating the special
election with the general election on the same date; establishing the election precincts, voting places
and officers for the election; waiving the word limitation on ballot propositions imposed by San
Francisco Municipal Elections Code Section 510; complying with Section 53410 of the California
Government Code; incorporating the provisions of Article V of Chapter V of the San Francisco
Administrative Code; and waiving the time requirements specified in Section 2.34 of the San
Francisco Administrative Code.
Sponsors:
Mayor
Attachments:
1. Legislation_Ver1
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/11/2007
1
CONTINUED TO CALL OF THE CHAIR
Budget and Finance Committee
2/20/2008
1
Pass
FILED
Clerk of the Board
12/29/2008
1