# Board of Supervisors Minutes: December 1, 2015

- Meeting date: 2015-12-01
- Document type: minutes
- Pages in official PDF: 42
- [Canonical HTML transcript](https://sfbos.info/documents/310/2015-12-01-minutes)
- [Authoritative City PDF](https://sfgov.legistar.com/View.ashx?M=M&ID=446382&GUID=AD601614-3CDF-463E-BEE8-E82D03C909FB)

> This text was extracted for search and accessibility. The linked City PDF is the authoritative public record.

## Structured legislative records

### File 151129: Multifamily Housing Revenue Bonds - 1760 Bush Street - Not to Exceed $44,005,000

- Pages: 13-14
- Vote 1: adoption, likely final
  - Action: munity Development (the “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 $44,005,000 for 1760 Bush 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; 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; approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage revenue bonds by the City in an aggregate principal amount not to exceed $44,005,000; 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. Resolution No. 446-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

### File 151130: Multifamily Housing Revenue Bonds - 2698 California Street - Not to Exceed $30,199,000

- Pages: 14
- Vote 1: adoption, likely final
  - Action: Development (the “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 $30,199,000 for 2698 California 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; 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; approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage revenue bonds by the City in an aggregate principal amount not to exceed $30,199,000; 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. Resolution No. 447-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

### File 151131: Multifamily Housing Revenue Bonds - 330 and 320 Clementina Street - Not to Exceed $114,257,000

- Pages: 14-15
- Vote 1: adoption, likely final
  - Action: ent (the “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 $114,257,000 for 330 and 320 Clementina 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; 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; approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage revenue bonds by the City in an aggregate principal amount not to exceed $114,257,000; 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. Resolution No. 448-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

## Extracted text

### [Page 14](https://sfbos.info/documents/310/2015-12-01-minutes#page-14)

Board of Supervisors                             Meeting Minutes                                                12/1/2015



151130 [Multifamily Housing Revenue Bonds - 2698 California Street - Not to Exceed
       $30,199,000]
            Sponsors: Mayor; Farrell
            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 and Community Development (the “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
            $30,199,000 for 2698 California 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; 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; approving, for purposes of the
            Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage
            revenue bonds by the City in an aggregate principal amount not to exceed $30,199,000;
            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.
            Resolution No. 447-15
            ADOPTED by the following vote:
                 Ayes: 11 - Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee


151131 [Multifamily Housing Revenue Bonds - 330 and 320 Clementina Street - Not to
       Exceed $114,257,000]
            Sponsors: Mayor; Kim
            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 and Community Development (the “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
            $114,257,000 for 330 and 320 Clementina 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; 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; approving, for purposes
            of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage
            revenue bonds by the City in an aggregate principal amount not to exceed $114,257,000;
            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.
            Resolution No. 448-15
            ADOPTED by the following vote:
                 Ayes: 11 - Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee




City and County of San Francisco                        Page 820                              Printed at 1:27 pm on 1/15/16