City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220647
Name:
Multifamily Housing Revenue Bonds - Building E
Balboa Reservoir - 11 Frida Kahlo Way - Not to
Exceed $102,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
5/24/2022
Clerk of the Board
On agenda:
Final action:
7/8/2022
Enactment date:
7/8/2022
307-22
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 $102,000,000 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 $102,000,000 for Building E Balboa Reservoir at 11 Frida Kahlo Way; 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, Myrna Melgar
Attachments:
1. Leg Ver1, 2. Project Description, 3. Presidential Action Memo 060722, 4. Comm Pkt 061622, 5.
Board Pkt 062822, 6. Form 126, 7. Form 126 Final, 8. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/24/2022
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