This hearing will evaluate the release of $2,536,607 in reserved funds for the San Francisco Public Utilities Commission to support the construction of the New City Distribution Division Headquarters. The funds were previously set aside by a specific ordinance.
Hearing to consider the release of reserved funds to the San Francisco Public Utilities Commission, placed on the Budget and Finance Committee reserve by Ordinance No. 113-22 in the amount of $2,536,607 to fund the New City Distribution Division Headquarters.
How it got here
This legislation originated from the need to release reserved funds for the San Francisco Public Utilities Commission's new headquarters project.
The committee considered the Water Enterprise Capital Appropriation Ordinance, which included $2,536,607 for the City Distribution Division headquarters project, and placed the funding on reserve pending further information.
The design for the new City Distribution Division headquarters was approved, allowing the project to move forward.
The committee held a hearing to consider the release of the reserved funds for the headquarters project, ultimately approving the release of $2,536,607.
The committee authorized the Controller to release the funds to the San Francisco Public Utilities Commission for the new headquarters project.
Reconstructed from attached documents & the official record
