A formal position or approval by the Board: Approve the Fiscal Year (FY) 2026-2027 Interim Budget of the Office of Community Investment and Infrastructure, operating as the Successor Agency to the San Francisco Redevelopment Agency.
Resolution approving the Fiscal Year (FY) 2026-2027 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 interim budget for the Office of Community Investment and Infrastructure (OCII), which operates as the Successor Agency to the San Francisco Redevelopment Agency, following the requirements set by California law and local ordinances.
The State of California dissolved the San Francisco Redevelopment Agency under the Dissolution Law, transferring its obligations to the OCII.
The Board adopted Ordinance No. 215-12, establishing the OCII and delegating authority for managing the former agency's obligations.
The Oversight Board approved the Recognized Obligation Payment Schedule (ROPS) for the fiscal year 2026-2027, which is necessary for OCII's budget.
The OCII Commission approved its annual budget for FY 2026-27 and authorized the Executive Director to submit it to the Mayor and Board of Supervisors.
The Mayor's Office submitted the proposed interim budget for OCII for FY 2026-27 to the Board of Supervisors.
The Budget and Appropriations Committee recommended the resolution for the interim budget for approval.
The Board of Supervisors is scheduled to vote on the resolution to approve the interim budget for OCII.
Reconstructed from attached documents & the official record
