Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
TIDA reviews preliminary official statement for IRFD bonds; $31M authorization proposed with $19M for developer reimbursement
Summary
TIDA staff reviewed a preliminary official statement and related disclosures for a proposed IRFD bond sale the city expects to bring to the Board of Supervisors; estimated bond proceeds include roughly $19 million for developer reimbursement and about $4 million for affordable housing.
TIDA staff presented on Sept. 10 a packet of disclosure documents and a draft preliminary official statement for a proposed Infrastructure and Revitalization Financing District (IRFD) bond issuance tied to Treasure Island and Yerba Buena Island. Staff said the city intends to introduce legislation to authorize IRFD bonds in an amount not to exceed $31,000,000 and to appropriate bond proceeds to housing and infrastructure projects.
Jamie Corbin, TIDA finance manager, said the financing team expects the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
