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OCII confirms Mission Bay South bond refunding and elects new chair, vice chair; consent items approved
Summary
The Commission on Community Investment and Infrastructure voted Jan. 7 to confirm authorization documents for up to $85 million in Mission Bay South tax allocation refunding bonds, elected Dr. Scott chair and Vanessa Aquino vice chair, and approved consent items including a consulting contract.
The Commission on Community Investment and Infrastructure (OCII) on Jan. 7 confirmed steps to issue tax‑allocation refunding bonds for the Mission Bay South redevelopment project and completed routine organizational actions.
On item 5E, OCII approved a resolution authorizing issuance of tax allocation refunding bonds in an aggregate principal amount not to exceed $85,000,000, and approved the preliminary and final official statements, a continuing disclosure certificate and related documents. Nick Jones, OCII’s debt manager, said the refunding will target the outstanding 2016D bonds and is expected to generate roughly $1.2 million in annual cash‑flow savings…
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