City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220608
Name:
Multifamily Housing Revenue Bonds - 700-730
Stanyan Street - Not to Exceed $130,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/17/2022
Clerk of the Board
On agenda:
Final action:
7/8/2022
Enactment date:
7/8/2022
304-22
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 $130,000,000 in one or more series of bonds on a tax-exempt or taxable basis; 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 $130,000,000 for 700-730 Stanyan Street; 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, if necessary; authorizing the Director to certify to CDLAC that the City has on deposit the
required amount, if necessary; 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, Dean Preston
Attachments:
1. Leg Ver1, 2. Application, 3. Project Description, 4. Organizational Structure, 5. Form 126, 6. CDLAC
Scoring Template, 7. Initial Feasibility 051122, 8. TNDC Board of Directors Roster, 9. Pres Action
Memo 060622, 10. Comm Pkt 061622, 11. Board Pkt 062822, 12. Form 126 Final, 13. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/17/2022
1
TRANSFERRED
President
6/7/2022
1
RECOMMENDED
Government Audit and Oversight
Committee
6/16/2022
1
Pass
ADOPTED
Board of Supervisors
6/28/2022
1
Pass
APPROVED
Mayor
7/8/2022
1