City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
080318
Name:
Mortgage Revenue Bonds - Geary Boulevard Senior
Living and Health Center
Status:
Type:
Resolution
Passed
File created:
In control:
3/4/2008
Board of Supervisors
On agenda:
Final action:
3/25/2008
3/27/2008
Enactment date:
134-08
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 $38,000,000 for Geary Boulevard
Senior Living and Health Center; authorizing and directing the Director to direct the Controller’s Office
to hold in trust an amount not to exceed $190,000 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 $38,000,000; 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:
Jake McGoldrick
Attachments:
1. Legislation_Ver1, 2. Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/4/2008
1
RECOMMENDED
Government Audit and Oversight
Committee
3/17/2008
1
Pass
ADOPTED
Board of Supervisors
3/25/2008
1
Pass
APPROVED
Mayor
3/27/2008
1