This resolution allows San Francisco to borrow money through bonds for the Special Tax District No. 2022-1, which is related to a power station project. It also addresses other related financial matters.
Resolution of intention to incur bonded indebtedness and other debt for the City and County of San Francisco Special Tax District No. 2022-1 (Power Station), and determining other matters in connection therewith, as defined herein.
How it got here
The legislation to establish the Special Tax District No. 2022-1 (Power Station) originated from a petition by California Barrel Company LLC, aimed at financing improvements for the Potrero Power Station project.
The property owner submitted a petition to create the Special Tax District under the Mello-Roos Act, requesting the Board of Supervisors to initiate proceedings for its establishment.
The Board received and assigned the resolution of intention to establish the Special Tax District and incur bonded indebtedness.
The Budget and Finance Committee recommended the resolution for the establishment of the Special Tax District and the intention to incur bonded indebtedness.
The Board of Supervisors adopted the resolution as amended, establishing the Special Tax District and authorizing the incurrence of bonded indebtedness.
The Mayor approved the resolution, finalizing the establishment of the Special Tax District and the intention to incur debt.
A public hearing was scheduled to consider the issuance of bonds and other debt for the Special Tax District.
Reconstructed from attached documents & the official record
