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Committee continues housing bond authorization resolution for one week
Summary
A resolution to permit issuance of up to $95 million in residential mortgage revenue bonds was continued for one week after the Mayor’s Office of Housing representative was out sick; the committee set the item to return to committee the following week.
The Budget & Finance Committee on Sept. 21 continued consideration of a resolution authorizing the Mayor’s Office of Housing and Community Development to submit an application to the California Debt Limit Allocation Committee to permit issuance of residential mortgage revenue bonds not to exceed $95,000,000.
Clerk called the item; the staff lead from the Mayor’s Office of Housing and Community Development (identified in the transcript as Mr. Kreh) was out sick. The committee opened public comment; none was offered. A motion was made and seconded to continue the item for one week, and the committee agreed to the continuance without objection.
Because the staff lead was absent, no substantive policy presentation or debate occurred at this meeting. The continuance schedules the application and related documents for committee consideration at a later date when the Mayor’s Office staff can present details concerning the proposed bond issuance and the uses of bond proceeds.
