City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
091115
Name:
Mortgage Revenue Bonds
Status:
Type:
Resolution
Passed
File created:
In control:
9/15/2009
Board of Supervisors
On agenda:
Final action:
9/22/2009
9/29/2009
Enactment date:
9/29/2009
375-09
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 to permit the issuance of qualified mortgage revenue
bonds in an aggregate principal amount not to exceed $22,000,000 for Arlington Residence;
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 California Debt Limit Allocations Committee procedures;
authorizing the Director to certify to California Debt Limit Allocations Committee 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 $22,000,000; 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
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
9/15/2009
1
ADOPTED
Board of Supervisors
9/22/2009
1
Pass
APPROVED
Mayor
9/29/2009
1
Pass