This resolution intends to expand and modify the financing plan for the Treasure Island Infrastructure and Revitalization Financing District. It also schedules a public hearing for January 11, 2022, to discuss these changes.
Resolution of intention to add territory to and amend the Infrastructure Financing Plan for City and County of San Francisco Infrastructure and Revitalization Financing District No. 1 (Treasure Island) and project areas therein; ordering and setting a time and place for a public hearing of the Board of Supervisors, sitting as a Committee of the Whole, on January 11, 2022, at 3:00 p.m., and to provide public notice thereof; and determining other matters in connection therewith, as defined herein.
How it got here
The legislation originated from the need to amend the Infrastructure Financing Plan for the Treasure Island IRFD to reflect changes in project area boundaries and ensure compliance with state law.
The California Legislature designated the Treasure Island Development Authority (TIDA) as a redevelopment agency for the former Naval Station Treasure Island, allowing it to oversee redevelopment efforts.
The Planning Commission and TIDA certified the completion of the Final Environmental Impact Report (FEIR) for the Treasure Island development project, approving necessary entitlement documents.
The Board adopted Ordinance No. 21-17, forming the Infrastructure and Revitalization Financing District No. 1 (Treasure Island) and approving the initial Infrastructure Financing Plan.
The Controller's Office requested the Board to consider a resolution to amend the Infrastructure Financing Plan for the Treasure Island IRFD to comply with state law and reflect updated project area boundaries.
The Board adopted Resolution No. 481-21, expressing its intention to add territory to and amend the Infrastructure Financing Plan for the Treasure Island IRFD.
The Department confirmed that there were no registered voters within the proposed amended boundaries of the IRFD, allowing for a special election to proceed without voter approval.
The Board held a public hearing as a Committee of the Whole to discuss the proposed amendments to the Infrastructure Financing Plan for the Treasure Island IRFD.
The Board approved the amended Infrastructure Financing Plan for the Treasure Island IRFD, finalizing the changes to project area boundaries and tax increment allocations.
Reconstructed from attached documents & the official record
This resolution allows the Director of the Office of Public Finance to create an updated financing plan for the Treasure Island Infrastructure and Revitalization Financing District. It also addresses related matters connected to this project area.
This legislation involves a public hearing to discuss expanding and updating the Infrastructure Financing Plan for the Treasure Island area. The hearing is scheduled for January 11, 2022, at 3:00 p.m.
This ordinance expands the area covered by the Infrastructure Financing District No. 1 on Treasure Island and updates the financing plan for infrastructure projects in that area. It also addresses related administrative matters.
This resolution approves the expansion of the Infrastructure and Revitalization Financing District No. 1 on Treasure Island and updates its financing plan. It also addresses related administrative matters.
This resolution confirms the results of a special election held by landowners in the Treasure Island area regarding the Infrastructure and Revitalization Financing District No. 1. It also addresses related administrative matters as outlined in the document.
This resolution allows the Director of the Office of Public Finance to create an updated financing plan for the Treasure Island Infrastructure and Revitalization Financing District. It also addresses related matters connected to this project area.
This legislation involves a public hearing to discuss expanding and updating the Infrastructure Financing Plan for the Treasure Island area. The hearing is scheduled for January 11, 2022, at 3:00 p.m.
