Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Infrastructure topic
No spam. Unsubscribe anytime.
Supervisors approve PUC appropriations and wastewater revenue bonds totaling hundreds of millions
Summary
The Board approved ordinances to appropriate roughly $33.7 million for Water Enterprise capital projects, about $348 million in state grants for the Wastewater Enterprise capital program and authorized issuance of up to $298.8 million in wastewater revenue bonds for the Public Utilities Commission.
The San Francisco Board of Supervisors voted unanimously Tuesday to approve a package of ordinances advancing capital financing for the San Francisco Public Utilities Commission (SFPUC).
The three measures — grouped as items 21 through 23 on the consent calendar — appropriate approximately $33.7 million of debt and fee revenue for the Water Enterprise Capital Improvement Program for fiscal years 2010–11 and 2011–12; appropriate about $348 million in state grant and debt proceeds for the Wastewater Enterprise capital improvement program for the fiscal period noted in the ordinance text; and approve issuance and sale of wastewater revenue bonds in an aggregate principal amount not to exceed approximately $298.8 million to finance wastewater enterprise projects.
Supervisor David Campos asked the PUC and the mayor’s office how the appropriations would address watershed treatment and opportunities to “daylight” creeks as the city carries out capital work. Nathan Perkis of the SFPUC replied that the commission was already working with the supervisor’s office and would incorporate watershed projects and daylighting opportunities where feasible. “Absolutely. There’s whole new opportunities that we have for daylighting and creeks and other opportunities with this new program that we will be able to implement,” Perkis said at the meeting.
Supervisors cast a roll-call vote on the ordinances and recorded 10 ayes; the resolutions were approved for their first reading in the board’s procedure.
Why it matters: the appropriations and bond authorization fund multi-year capital projects for water and wastewater infrastructure operated by the SFPUC. The bond authorization provides a mechanism to finance major wastewater projects that the commission cited as necessary to maintain and improve the city’s wastewater facilities.
Speakers quoted in this article appeared at the April 20 meeting; Nathan Perkis represented the PUC in answering supervisor questions.
