This resolution allows the City and County of San Francisco to treat the Stage 2 Contribution for the Treasure Island Infrastructure and Revitalization Financing District as city debt. It also addresses related administrative matters.
Resolution authorizing the Stage 2 Contribution as debt of the City and County of San Francisco Infrastructure and Revitalization Financing District No. 1 (Treasure Island), and determining other pertinent matters in connection therewith.
How it got here
The legislation originated from the need to authorize financing for infrastructure improvements on Treasure Island as part of a broader redevelopment project.
The City established the Treasure Island Development Authority (TIDA) to oversee the redevelopment of the former Naval Station Treasure Island.
TIDA selected Treasure Island Community Development, LLC as the master developer for the Treasure Island and Yerba Buena Island project.
The Planning Commission certified the Final Environmental Impact Report for the Treasure Island Project, which included significant housing and infrastructure plans.
The Board approved the Disposition and Development Agreement and the Development Agreement, laying the groundwork for the Treasure Island Project.
The Board adopted an infrastructure financing plan for the Infrastructure and Revitalization Financing District No. 1, which included provisions for future financing.
The Board approved an amendment to the Development Agreement, which included a financing plan for Stage 2 infrastructure projects on Treasure Island.
The Board adopted the resolution authorizing the Stage 2 Contribution as debt of the City and County of San Francisco Infrastructure and Revitalization Financing District No. 1.
Reconstructed from attached documents & the official record
This ordinance allows San Francisco to issue up to $65 million in Certificates of Participation to fund public improvements on Treasure Island. It also approves various agreements and documents related to the financing and management of these funds.
This ordinance allocates $65,550,000 to the Treasure Island Development Authority for infrastructure projects. It includes funding from various sources, such as Certificates of Participation and special taxes, and sets these amounts aside for the fiscal year 2024-2025.
This resolution authorizes the City to treat the Stage 2 Contribution as debt for the Treasure Island Community Facilities District, confirming the annexation of property as Improvement Area No. 3. It also addresses related matters concerning the district's financing and improvements.
A formal position or approval by the Board: Of intention to add territory to the City and County of San Francisco Infrastructure and Revitalization Financing District No.
This ordinance allows San Francisco to issue up to $65 million in Certificates of Participation to fund public improvements on Treasure Island. It also approves various agreements and documents related to the financing and management of these funds.
This ordinance allocates $65,550,000 to the Treasure Island Development Authority for infrastructure projects. It includes funding from various sources, such as Certificates of Participation and special taxes, and sets these amounts aside for the fiscal year 2024-2025.
This resolution authorizes the City to treat the Stage 2 Contribution as debt for the Treasure Island Community Facilities District, confirming the annexation of property as Improvement Area No. 3. It also addresses related matters concerning the district's financing and improvements.
This ordinance expands the area covered by the Infrastructure Financing District No. 1 on Treasure Island and updates the financing plan for infrastructure projects in that area. It also addresses related administrative matters.
