City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210766
Name:
Multifamily Housing Revenue Bonds - 151 and 351
Friedell Street (Hunters Point Shipyard Phase 1
Blocks 52 and 54) - Not to Exceed $63,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
6/29/2021
Clerk of the Board
On agenda:
Final action:
8/4/2021
Enactment date:
8/4/2021
386-21
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 in an aggregate principal amount not to
exceed $63,000,000; 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 $63,000,000 for 151 and 351 Friedell Street (Hunters Point
Shipyard Phase 1 Blocks 52 and 54); 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; 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
Attachments:
1. Leg Ver 1, 2. Project Description, 3. Pres Action Memo 070721, 4. Comm Pkt 072121, 5. Board Pkt
072721, 6. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/29/2021
1
TRANSFERRED
President
7/7/2021
1
RECOMMENDED
Budget and Finance Committee
7/21/2021
1
Pass
ADOPTED
Board of Supervisors
7/27/2021
1
Pass
APPROVED
Mayor
8/4/2021
1