Resolution authorizing the Port of San Francisco to accept and expend a grant in the amount of $4,000,000 from the Regents of the University of California, San Francisco (UCSF) to fund the Mission Bay Ferry Landing project for the period of May 1, 2026, through March 31, 2028; approving the Grant Agreement pursuant to Charter, Section 9.118; and to authorize the Acting Executive Director to enter into amendments or modifications to the Grant Agreement that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of the Grant.

The Port Commission adopted Resolution 25-16, authorizing the Executive Director to accept and expend a $4,000,000 grant from UCSF for the Mission Bay Ferry Landing project.

UCSF formally communicated its commitment to contribute $4,000,000 to the Port for the construction of the Mission Bay Ferry Landing, emphasizing the project's benefits for regional mobility and sustainability.

The Port submitted a memo to the Clerk of the Board of Supervisors to prepare the Accept and Expend Resolution for the UCSF grant.

The Port finalized the draft Grant Agreement with UCSF, outlining the terms for the $4,000,000 funding for the Mission Bay Ferry Landing project.

The Board of Supervisors received and assigned the resolution to accept and expend the UCSF grant for the Mission Bay Ferry Landing project.

The funding period for the Mission Bay Ferry Landing project officially commenced, allowing the Port to utilize the grant funds.