# 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 151139: Multifamily Housing Revenue Bonds - 655, 711-795, and 895 Pacific Avenue - Not to Exceed $144,746,000

- Pages: 18-19
- Vote 1: adoption, likely final
  - Action: e “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 $144,746,000 for 655, 711-795, and 895 Pacific 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; 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 $144,746,000; 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. 456-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

### File 151140: Multifamily Housing Revenue Bonds - 838 Pacific Avenue - Not to Exceed $136,949,000

- Pages: 19
- Vote 1: adoption, likely final
  - Action: ty 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 $136,949,000 for 838 Pacific 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; 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 $136,949,000; 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. 457-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

### File 151141: Multifamily Housing Revenue Bonds - 2451 Sacramento Street - Not to Exceed $46,918,000

- Pages: 19-20
- 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 $46,918,000 for 2451 Sacramento 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 $46,918,000; 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. 458-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

### File 151142: Multifamily Housing Revenue Bonds - 2501 Sutter Street - Not to Exceed $83,850,000

- Pages: 20
- Vote 1: adoption, likely final
  - Action: nity 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 $83,850,000 for 2501 Sutter 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 $83,850,000; 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. 459-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

### File 151143: Multifamily Housing Revenue Bonds - 1251 Turk Street - Not to Exceed $108,037,000

- Pages: 20-21
- Vote 1: adoption, likely final
  - Action: nity 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 $108,037,000 for 1251 Turk 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 $108,037,000; 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. 460-15 ADOPTED by the following vote:
  - Ayes: Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee

## Extracted text

### [Page 19](https://sfbos.info/documents/310/2015-12-01-minutes#page-19)

Board of Supervisors                            Meeting Minutes                                               12/1/2015



151140 [Multifamily Housing Revenue Bonds - 838 Pacific Avenue - Not to Exceed
       $136,949,000]
            Sponsors: Mayor; Christensen
            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
            $136,949,000 for 838 Pacific 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; 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 $136,949,000;
            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. 457-15
            ADOPTED by the following vote:
                 Ayes: 11 - Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee


151141 [Multifamily Housing Revenue Bonds - 2451 Sacramento Street - Not to Exceed
       $46,918,000]
            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
            $46,918,000 for 2451 Sacramento 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 $46,918,000;
            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. 458-15
            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 825                             Printed at 1:27 pm on 1/15/16

### [Page 20](https://sfbos.info/documents/310/2015-12-01-minutes#page-20)

Board of Supervisors                              Meeting Minutes                                                12/1/2015



151142 [Multifamily Housing Revenue Bonds - 2501 Sutter Street - Not to Exceed
       $83,850,000]
            Sponsors: Mayor; Breed
            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
            $83,850,000 for 2501 Sutter 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 $83,850,000; 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. 459-15
            ADOPTED by the following vote:
                 Ayes: 11 - Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee


151143 [Multifamily Housing Revenue Bonds - 1251 Turk Street - Not to Exceed
       $108,037,000]
            Sponsors: Mayor; Breed
            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
            $108,037,000 for 1251 Turk 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 $108,037,000; 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. 460-15
            ADOPTED by the following vote:
                 Ayes: 11 - Avalos, Breed, Campos, Christensen, Cohen, Farrell, Kim, Mar, Tang, Wiener, Yee




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