Legislation

This resolution allows San Francisco to reimburse certain expenses using future bond proceeds and authorizes the issuance of up to $90 million in residential mortgage revenue bonds for a specific project at 600-7th Street. It also outlines the necessary steps for the Mayor’s Office of Housing and Community Development to apply for these bonds and manage related financial requirements.

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 $90,000,000 for 600-7th 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 $90,000,000; 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.

This resolution approves a 12-year lease agreement between ALD Development Corporation and the City of San Francisco for airport-related operations, with an option to extend for two additional years. The lease guarantees a minimum annual payment of over $3.1 million for the first year.

Resolution approving Lease No. 20-0048, between ALD Development Corporation dba Airport Dimensions, as tenant, and the City and County of San Francisco, as landlord, acting by and through its Airport Commission, for a term of 12 years with two one-year options to extend, and a minimum annual guarantee of $3,100,915.50 for the first year of the Lease, to commence upon approval by the Board of Supervisors.

This legislation calls for a hearing to discuss the findings and recommendations from a 2020 audit of the Department of Homelessness and Supportive Housing. It requests reports from both the Budget and Legislative Analyst and the Department regarding the audit's results.

Hearing on the findings and recommendations of the Budget and Legislative Analyst's 2020 performance audit of the Department of Homelessness and Supportive Housing; and requesting the Budget and Legislative Analyst and Department of Homelessness and Supportive Housing to report.

This ordinance modifies the Geary-Masonic Special Use District to require that inclusionary housing fees be used for projects within one and a half miles of the district or anywhere in San Francisco if not allocated within five years. It also affirms the Planning Department's environmental review and ensures consistency with the city's General Plan and priority policies.

Ordinance amending the Planning Code to modify the Geary-Masonic Special Use District to require use of the inclusionary housing fee for a project within one and one-half miles of the boundaries of the district, or anywhere in San Francisco if not allocated within five years of payment; affirming the Planning Department’s determination under the California Environmental Quality Act; and making findings of consistency with the General Plan and the eight priority policies of Planning Code, Section 101.1; and adopting findings of public convenience, necessity, and welfare under Planning Code, Section 302.