This resolution establishes an Enhanced Infrastructure Financing District in Stonestown to fund public facilities and projects that benefit the community. It outlines the financial framework and related matters for these initiatives.
Resolution of Intention to establish San Francisco Enhanced Infrastructure Financing District No. 2 (Stonestown) to finance public capital facilities and projects of communitywide significance related to the Stonestown Project and other authorized costs, and determining other matters in connection therewith, as defined herein.
How it got here
The legislation to establish the San Francisco Enhanced Infrastructure Financing District No. 2 (Stonestown) originated from the need to finance public capital facilities and projects related to the Stonestown Project, following prior approvals and guidelines set by the Board of Supervisors.
The Board adopted Resolution No. 66-11, establishing guidelines for the formation and use of infrastructure financing districts in San Francisco.
The Capital Planning Committee adopted an interpretative supplement to the guidelines to assist City staff and developers in applying the guidelines.
The Board ratified the guidelines through Resolution No. 113-24, ensuring they were up-to-date for future projects.
The Planning Commission certified the Final Environmental Impact Report for the Stonestown Development Project, which is crucial for the EIFD formation.
The Budget and Finance Committee recommended the Resolution of Intention to establish the Stonestown EIFD, which was subsequently adopted by the Board.
The Board adopted the Resolution of Intention to establish the San Francisco Enhanced Infrastructure Financing District No. 2 (Stonestown).
The Mayor approved the Resolution of Intention, allowing the EIFD to move forward with its financing plans.
Reconstructed from attached documents & the official record
This ordinance creates new zoning districts around the Stonestown area, including mixed-use and special use districts, and removes a required setback along a section of 19th Avenue. It also includes environmental and planning findings to ensure the changes align with city policies and public needs.
The ordinance approves a development agreement for the Stonestown Development Project, which will include affordable and market-rate housing, as well as six acres of open space on a 30-acre site in southwest San Francisco. It also confirms compliance with various city codes and regulations related to the project.
This resolution approves a financial plan for the Stonestown area to fund infrastructure improvements through tax divisions and related agreements. It also authorizes the city to seek judicial validation of these actions.
The ordinance approves a development agreement for the Stonestown Development Project, which will include affordable and market-rate housing, as well as six acres of open space on a 30-acre site in southwest San Francisco. It also confirms compliance with various city codes and regulations related to the project.
This ordinance creates new zoning districts around the Stonestown area, including mixed-use and special use districts, and removes a required setback along a section of 19th Avenue. It also includes environmental and planning findings to ensure the changes align with city policies and public needs.
