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Board approves Treasure Island financing and service agreements; supervisors cite aging utility infrastructure
Summary
Supervisors approved a package authorizing certificates of participation and appropriations to finance utility infrastructure work at Treasure Island, and ratified agreements to continue utility service while development proceeds. Supervisor Jane Kim described decades-old Navy-built systems that have caused frequent outages.
The Board of Supervisors approved a set of measures relating to utility infrastructure and service on Treasure Island and Yerba Buena Island, including authorization for certificates of participation and related agreements.
Supervisor Jane Kim, speaking before the board took up items tied to Treasure Island, said the island’s utility systems — built by the U.S. Navy early in the 20th century — have exceeded typical useful life. "On Treasure Island, equipment is 60 to 80 years old," she told colleagues, and cited frequent outages: "Last year alone in 02/2012, there were 39 electrical outages. That…
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