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Resolution#260883Passed
In plain English

This resolution authorizes the City to issue and sell up to $215 million in General Obligation Bonds for earthquake safety and emergency response projects. It outlines the terms, sale methods, and necessary actions for managing these bonds.

Resolution authorizing the issuance and sale of not to exceed $138,000,000 aggregate principal amount of City and County of San Francisco General Obligation Bonds (Earthquake Safety and Emergency Response, 2020), Series 2026C in one or more series on a tax-exempt or taxable basis; prescribing the form and terms of such bonds and any subseries designation; authorizing the sale of such bonds by competitive or negotiated sale; approving the forms and execution and delivery of one or more Official Notices of Sale, Notices of Intention to Sell Bonds, Purchase Contracts; Preliminary Official Statements; Official Statements, Continuing Disclosure Certificates; authorizing and approving modifications to such documents; providing for the appointment of depositories and other agents for such bonds; providing for the establishment of accounts and/or subaccounts related to such bonds; ratifying certain actions previously taken, as defined herein; and granting general authority to City officials to take necessary actions in connection with the authorization, issuance, sale, and delivery of such bonds, as defined herein.

Introduced: Jul 28, 2026
Final action: Sep 18, 2026
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How it got here

The legislation originated from the need to finance earthquake safety and emergency response projects in San Francisco, following voter approval of Proposition B in 2020.

1
Proposition B Approved2020-03-03
San Francisco Voters

Voters approved Proposition B, authorizing the issuance of up to $628,500,000 in general obligation bonds for earthquake safety and emergency response projects.

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Authorization to Issue Bonds2021-01-26
Board of Supervisors

The Board adopted Resolution No. 023-21, authorizing the issuance of General Obligation Bonds for the Earthquake Safety and Emergency Response program.

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First Series of Bonds Issued2021-03-30
City Officials

The City issued its first series of bonds amounting to $80,715,000 to finance the earthquake safety projects.

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Second Series of Bonds Issued2021-08-05
City Officials

The City issued its second series of bonds totaling $87,090,000 for the same purpose.

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Third Series of Bonds Issued2025-01-30
City Officials

The City issued its third series of bonds amounting to $217,710,000 to continue financing the earthquake safety projects.

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6
Introduction of New Legislation2026-07-28
Mayor's Office

The Mayor's Office introduced a resolution to authorize the issuance and sale of up to $215,000,000 in General Obligation Bonds (Series 2026C) for earthquake safety projects.

MYR Memo 072826
7
Committee Hearing Scheduled2026-09-02
Budget and Finance Committee

The Budget and Finance Committee scheduled a hearing to discuss the proposed resolution for the issuance of the bonds.

Cmte Pkt 090226
8
First Hearing on Resolution2026-09-15
Board of Supervisors

The Board of Supervisors will consider the resolution authorizing the issuance of the bonds.

PW PUC CON Presentation 090226

Reconstructed from attached documents & the official record

Document trail
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BLA Rpt 090226
Budget and Legislative Analyst
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How they voted

AMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLE
Budget and Finance Committee ยท Sep 2, 2026Pass
3-0
RECOMMENDED AS AMENDED
Budget and Finance Committee ยท Sep 2, 2026Pass
3-0

Legislative journey

PresidentJul 28, 2026
โ†’RECEIVED AND ASSIGNED
Budget and Finance CommitteeSep 2, 2026
โœ“RECOMMENDED AS AMENDEDPass
โœŽAMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLEPass
MayorSep 18, 2026
โœ“APPROVED