Board approves Treasure Island utility memoranda; officials say $2 million unpaid utilities will be repaid 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 $2,000,000 figure reflected unpaid utility charges accrued by TIDA for services such as lighting and building power dating back roughly to 2006, and that TIDA proposed a repayment plan spread over 10 years. "My understanding is that this is the accumulation of... keeping the lights on in its own building and the streetlights over the period of maybe 3 to 4 years, but moving back from 02/2006," Sylvan said.

In follow-up, supervisors asked whether Treasure Island still benefits from the Navy's power contract (sales from the Western Area Power Administration, WAPA). A city representative said the island currently inherits the Navy's ability to purchase power from WAPA and that agreement had been extended through 2024. The representative added that the PUC uses revenues it generates on the island to cover infrastructure and maintenance costs in addition to energy purchases.

The board took a same-house, same-call vote on items 10 through 12; the resolutions were adopted. Supervisors said they expected continued oversight as Treasure Island's redevelopment and administrative arrangements progress and that the financial arrangements will be monitored during negotiations over property transfer and redevelopment.