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Board approves Treasure Island utility memoranda; officials say $2 million unpaid utilities will be repaid over 10 years
Summary
Resolutions relating to Treasure Island were adopted, including an MOU between the Treasure Island Development Authority and the Public Utilities Commission to pay about $2,000,000 in unpaid utility charges; OEWD said the sums date back to approximately 2006 and the repayment will be spread over 10 years.
The Board adopted resolutions approving interagency agreements related to Treasure Island, including a memorandum of understanding between the Treasure Island Development Authority (TIDA) and the San Francisco Public Utilities Commission for payment of unpaid utility amounts and related cooperative-agreement modifications.
Jack Sylvan of the Office of Economic and Workforce Development said the…
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