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Board moves ahead with Mission Rock special-tax district, schedules landowner election
Summary
The San Francisco Board of Supervisors on April 14 advanced formation of a Community Facilities District for the Mission Rock mixed‑use project and called a mail‑ballot landowner election, while setting steps for possible bond financing up to $3.7 billion.
The San Francisco Board of Supervisors on April 14 heard a staff presentation and advanced initial formation steps for a Community Facilities District (CFD) to help finance public infrastructure and services at Mission Rock, the 28‑acre mixed‑use project near the Giants’ parking lot.
Planning and port staff asked the Board to adopt resolutions forming the CFD and a future annexation area, to determine the necessity of bonded indebtedness not to exceed $3,700,000,000, and to call a mail ballot landowner election for April 27. The Board approved the formation resolutions unanimously and scheduled the remaining actions to follow the election.
Mission Rock developers expect roughly 2.7…
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