City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
210767
Name:
Multifamily Housing Revenue Bonds - 1500 Block of
Sunnydale Avenue (Sunnydale HOPE SF Block 3B)
- Not to Exceed $58,750,000
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
387-21
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 $58,750,000; 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 $58,750,000 for 1500 Block of Sunnydale Avenue;
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, 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. 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