City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
090892
Name:
Mortgage Revenue Bonds
Status:
Type:
Resolution
Passed
File created:
In control:
7/7/2009
Board of Supervisors
On agenda:
Final action:
7/14/2009
7/21/2009
Enactment date:
286-09
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 $75,000,000 for the 220 Golden Gate
Avenue Development (as such project is defined herein); 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 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 $75,000,000; 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:
Chris Daly, Ross Mirkarimi, David Campos
Attachments:
1. Leg_Ver1, 2. Leg_Final
Action By
Date
Action
Result
Ver.
REFERRED FOR ADOPTION WITHOUT
COMMITTEE REFERENCE AGENDA AT
THE NEXT BOARD MEETING
President
7/7/2009
1
ADOPTED
Board of Supervisors
7/14/2009
1
Pass
APPROVED
Mayor
7/21/2009
1