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Subcommittee forwards Broadway Sansom bond, Moscone COPs and other items to full board
Summary
The Budget and Finance Subcommittee voted to forward resolutions for (1) issuance of multifamily housing revenue bonds up to $23.9 million for Broadway Sansom Apartments and a related ground lease amendment, and (2) issuance of certificates of participation to take out commercial paper used for Moscone Center capital projects (proposed up to $36 million). Both items were forwarded to the full Board of Supervisors with recommendation; public comment on these items was limited.
The Budget and Finance Subcommittee acted on several finance items on March 27 and forwarded them to the full Board of Supervisors with recommendation.
Broadway Sansom Apartments (Items 1–2): The clerk read resolutions authorizing a multifamily housing revenue bond issuance in an aggregate principal amount not to exceed $23,900,000 to finance the acquisition and construction of the 75-unit Broadway Sansom Apartments and a…
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