This resolution approves the budget for the Office of Community Investment and Infrastructure for the fiscal years 2024-2025. It allows the agency, which operates as the successor to the San Francisco Redevelopment Agency, to allocate funds for its projects and operations.
Resolution approving the Fiscal Year (FY) 2024-2025 Budget of the Office of Community Investment and Infrastructure (“OCII”) operating as the Successor Agency to the San Francisco Redevelopment Agency.
How it got here
The legislation originated from the need to approve the Fiscal Year 2024-2025 budget for the Office of Community Investment and Infrastructure (OCII), which operates as the Successor Agency to the San Francisco Redevelopment Agency.
The Board adopted Ordinance No. 215-12, establishing the Office of Community Investment and Infrastructure (OCII) as the Successor Agency to the San Francisco Redevelopment Agency, tasked with managing the former agency's obligations.
The Oversight Board approved the Recognized Obligation Payment Schedule (ROPS) for the period July 1, 2024, to June 30, 2025, which outlines OCII's expenditures and obligations.
The OCII Commission adopted Resolution No. 09-2024, approving the budget for FY 2024-25 and authorizing the Executive Director to submit it to the Mayor and the Board of Supervisors.
The Mayor's Office submitted the proposed budget for OCII for FY 2024-25 to the Board of Supervisors, including necessary accompanying documents.
The Budget and Appropriations Committee recommended the budget for approval to the full Board of Supervisors.
The Board of Supervisors adopted the resolution approving the FY 2024-25 budget for OCII.
Reconstructed from attached documents & the official record
