Committee members reviewed funding to complete the 70 Second Street community complex in North Beach, a project staff said was already programmed and primarily funded from the parking enterprise fund. The administration recommended a $25 million parking‑fund allocation for FY26 to complete the project.

Jason (budget staff) told commissioners the parking department fund would supply most of the dollars for the complex; the funding recommendation does not draw from the city’s PAYGO general capital fund. Commissioners asked about the total project cost; staff said the total project is about $101.7 million, with additional line items (noted in the presentation) bringing the total to the budgeted project amount.

Why it matters: the 70 Second Street project had been previously authorized and the recommendation was to complete rather than expand the program. Commissioners noted completing programmed projects ties up enterprise funds, reducing flexibility for other priorities but honors prior commitments and project sequencing.

Next steps: staff will proceed with programmed funding and continue to provide project detail as construction and final accounting progress.