This resolution approves the interim budget for the Office of Community Investment and Infrastructure for the fiscal years 2024-2025, which operates as the Successor Agency to the San Francisco Redevelopment Agency. It ensures funding for community development projects and initiatives during this period.
Resolution approving the Fiscal Year (“FY”) 2024-2025 Interim Budget of the Office of Community Investment and Infrastructure, 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 Interim 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 implementing enforceable obligations under the Redevelopment Dissolution Law.
The Oversight Board approved the Recognized Obligation Payment Schedule (ROPS) for the period July 1, 2024, to June 30, 2025, which outlines the expenditures OCII is authorized to make.
The OCII Commission approved its annual budget for FY 2024-2025 and authorized the Executive Director to submit the budget for review to the Mayor and the Board of Supervisors.
The Mayor's Office submitted the proposed Interim Budget for OCII for FY 2024-25 to the Board of Supervisors, including a transmittal letter outlining the budget details.
The Budget and Appropriations Committee recommended the passage of the resolution approving the FY 2024-25 Interim Budget for OCII.
The Board of Supervisors adopted the resolution approving the FY 2024-25 Interim Budget for OCII.
The Mayor approved the resolution for the FY 2024-25 Interim Budget of OCII, finalizing the budget process.
Reconstructed from attached documents & the official record
