This resolution authorizes the city to acquire or improve properties for healthcare, emergency services, and public safety enhancements, while allowing landlords to pass on half of any resulting property tax increase to tenants. It also confirms compliance with environmental regulations and city planning policies.
Resolution determining and declaring that the public interest and necessity demand the acquisition or improvement of real property, including: facilities to deliver primary healthcare services, emergency medical services, skilled nursing services, services for persons experiencing mental health challenges, and persons experiencing substance use disorders; acquire, improve, and seismically upgrade critical medical care and mental health facilities; emergency shelter facilities; and improvements for certain transportation, pedestrian, and street safety related capital improvements, streetscape enhancements, and other public space improvements, and related costs necessary or convenient for the respective foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase, if any, to residential tenants under Administrative Code, Chapter 37; adopting findings under the California Environmental Quality Act; and finding that the proposed Bonds are in conformity with the General Plan, and with the eight priority policies of Planning Code, Section 101.1(b).
How it got here
The legislation for the Healthy, Safe and Vibrant San Francisco Bond originated from a need to address critical public health and infrastructure improvements in the city.
Mayor Breed introduced a $390 million General Obligation Bond for the November 2024 ballot to fund improvements in public health facilities, emergency shelters, and street safety.
The Planning Department reviewed the proposed bond and determined it to be in conformity with the General Plan, supporting various public health and infrastructure projects.
The Budget and Finance Committee received the bond legislation for review and analysis, initiating the legislative process for the upcoming election.
The Budget and Finance Committee recommended the bond for adoption, highlighting its importance for public health and safety improvements.
The Board of Supervisors adopted the resolution determining the public interest and necessity for the bond, paving the way for it to be placed on the ballot.
Mayor Breed approved the bond, finalizing the legislative process and ensuring it would be presented to voters in the upcoming election.
Reconstructed from attached documents & the official record
The ordinance calls for a special election on November 5, 2024, to let voters decide on borrowing up to $390 million for various healthcare, emergency services, and infrastructure improvements in San Francisco. It also allows landlords to pass on half of any property tax increase to tenants and establishes oversight for how the bond money is spent.
A formal position or approval by the Board: Allow the issuance and sale of not to exceed $195,000,000 aggregate principal amount of one or more series of City and County of San Francisco General Obligation Bonds (Healthy, Safe and Vibrant San Francisco, 2024), Series 2026A (“Bonds”) on a tax-exempt or taxable basis.
