SF QuorumQuorum
Back to legislation
Resolution#221274Passed
In plain English

This resolution allows San Francisco to issue and sell up to $172 million in bonds to fund affordable housing projects. It outlines the terms and processes for the sale of these bonds and grants city officials the authority to manage the related actions.

Resolution authorizing the issuance and sale of not to exceed $172,000,000 aggregate principal amount on a tax-exempt or taxable basis of City and County of San Francisco General Obligation Bonds (Social Bonds-Affordable Housing, 2019) Series 2023C; prescribing the form and terms of such bonds; providing for the appointment of depositories and other agents for such bonds; providing for the establishment of accounts and/or subaccounts related to such bonds; authorizing the sale of such bonds by competitive or negotiated sale; approving the forms of the Official Notice of Sale and Notice of Intention to Sell Bonds and directing the publication of the Notice of Intention to Sell Bonds; approving the form of the Purchase Contract; approving the form of the Preliminary Official Statement and the execution of the Official Statement relating to the sale of such bonds; approving the form of the Continuing Disclosure Certificate; authorizing and approving modifications to such documents; ratifying certain actions previously taken, as defined herein; and granting general authority to City officials to take necessary actions in connection with the authorization, issuance, sale, and delivery of such bonds, as defined herein.

Introduced: Dec 13, 2022
Final action: Feb 9, 2023
Official record ↗

How it got here

How they voted

RECOMMENDED
Budget and Finance Committee · Jan 25, 2023Pass
1-0

Legislative journey

PresidentDec 13, 2022
RECEIVED AND ASSIGNED
Budget and Finance CommitteeJan 25, 2023
RECOMMENDEDPass
MayorFeb 9, 2023
APPROVED