# Board of Supervisors Minutes: July 24, 2018 - Meeting date: 2018-07-24 - Document type: minutes - Source format: PDF - Extracted pages: 42 - [Canonical HTML transcript](https://sfbos.info/documents/528/2018-07-24-minutes) - [Authoritative City source](https://sfgov.legistar.com/View.ashx?M=M&ID=617542&GUID=2FE4999B-8C22-45F3-8842-0FF74382A38D) > This text was extracted for search and accessibility. The linked City source is the authoritative public record. ## Structured legislative records ### File 180689: Authorizing Expenditures - SoMa Community Stabilization Fund - $1,249,999 - Pages: 31-32 - Sponsors: Kim - Vote 1: adoption, likely final - Action: 180689 [Authorizing Expenditures - SoMa Community Stabilization Fund - $1,249,999] Sponsor: Kim Resolution authorizing the Mayor’s Office of Housing and Community Development to expend SoMa Community Stabilization Fund dollars in the amount of $1,249,999 to address various impacts of destabilization on residents and businesses in SoMa. (Fiscal Impact) Resolution No. 268-18 ADOPTED by the following vote: - Ayes: Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee - Excused: Fewer, Tang ### File 180691: Multifamily Housing Revenue Bonds - 211 Putnam Street, 291 Putnam Street, and 1000 Tompkins Avenue - Not to Exceed $30,000,000 - Pages: 32 - Sponsors: Ronen - Vote 1: adoption, likely final - Action: 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 $30,000,000 for 211 Putnam Street, 291 Putnam Street, and 1000 Tompkins 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 $30,000,000; 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. Resolution No. 269-18 ADOPTED by the following vote: - Ayes: Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee - Excused: Fewer, Tang ### File 180692: Multifamily Housing Revenue Bonds - 3101 Mission Street, 141 Precita Avenue, and 143 Precita Avenue - Not to Exceed $35,000,000 - Pages: 32-33 - Sponsors: Ronen - Vote 1: adoption, likely final - Action: n 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 $35,000,000 for 3101 Mission Street, 141 Precita Avenue, and 143 Precita 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 $35,000,000; 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. Resolution No. 270-18 ADOPTED by the following vote: - Ayes: Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee - Excused: Fewer, Tang ## Extracted text ### [Page 32](https://sfbos.info/documents/528/2018-07-24-minutes#page-32) Board of Supervisors Meeting Minutes 7/24/2018 President Cohen requested File Nos. 180691 and 180692 be called together. 180691 [Multifamily Housing Revenue Bonds - 211 Putnam Street, 291 Putnam Street, and 1000 Tompkins Avenue - Not to Exceed $30,000,000] Sponsor: Ronen Resolution declaring the intent of the City and County of San Francisco (“City”) to reimburse certain expenditures from proceeds of future bonded indebtedness; 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 $30,000,000 for 211 Putnam Street, 291 Putnam Street, and 1000 Tompkins 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 $30,000,000; 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. Resolution No. 269-18 ADOPTED by the following vote: Ayes: 9 - Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee Excused: 2 - Fewer, Tang 180692 [Multifamily Housing Revenue Bonds - 3101 Mission Street, 141 Precita Avenue, and 143 Precita Avenue - Not to Exceed $35,000,000] Sponsor: Ronen Resolution declaring the intent of the City and County of San Francisco (“City”) to reimburse certain expenditures from proceeds of future bonded indebtedness; 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 $35,000,000 for 3101 Mission Street, 141 Precita Avenue, and 143 Precita 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 $35,000,000; 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. Resolution No. 270-18 ADOPTED by the following vote: Ayes: 9 - Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee Excused: 2 - Fewer, Tang City and County of San Francisco Page 595 Printed at 6:40 pm on 8/29/18