City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210307
Name:
Multifamily Housing Revenue Bonds - 241 Sixth
Street (Knox SRO) - Not to Exceed $16,500,000
Status:
Type:
Resolution
Passed
File created:
In control:
3/23/2021
Clerk of the Board
On agenda:
Final action:
4/30/2021
Enactment date:
4/30/2021
167-21
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; 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 $16,500,000 for
241 Sixth Street (Knox SRO); 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; approving, for purposes of the Internal Revenue Code of 1986,
as amended, the issuance and sale of residential mortgage revenue bonds by the City in an
aggregate principal amount not to exceed $16,500,000; 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
Attachments:
1. Leg Ver1, 2. Project Description, 3. MOHCD Hearing Ntc 112420, 4. MOHCD - Proof of Publication,
5. TEFRA Publication Certification, 6. Hearing Minutes 120720, 7. Comm Pkt 042121, 8. Board Pkt
042721, 9. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/23/2021
1
RECOMMENDED
Budget and Finance Committee
4/21/2021
1
Pass
ADOPTED
Board of Supervisors
4/27/2021
1
Pass
APPROVED
Mayor
4/30/2021
1