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Votes at a glance: SFPUC Nov. 26 actions include debt policy, $850M taxable refunding, grant‑rule changes and land transactions

July 04, 2025 | San Francisco City, San Francisco County, California


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Votes at a glance: SFPUC Nov. 26 actions include debt policy, $850M taxable refunding, grant‑rule changes and land transactions
The San Francisco Public Utilities Commission recorded the following formal actions at its Nov. 26 regular meeting. All items below were approved by the commission; the transcript records voice votes and motions, but not detailed roll‑call tallies for each item.

• Approval of minutes, Nov. 12, 2019 (item 3). Motion moved and seconded; commission approved.

• Consent calendar (item 10). All listed consent items were approved by single vote after no items were removed for separate discussion.

• Amendments to the SFPUC Large Landscape Grant Program rules (item 11). Commission approved staff recommendations to lower the minimum irrigated landscape size eligible from 1/2 acre to 10,000 square feet, to clarify recycled‑water and landscape efficiency project eligibility, to set maximum grant award limitations, to remove synthetic turf installation eligibility and to make administrative clarifications. (Mover/second not specified in transcript; motion carried.)

• Adoption of revised debt management policies and procedures (item 12). The commission adopted revisions that create a disclosure appendix reflecting new SEC ‘‘listed events,’’ create a Disclosure Practices Working Group and formally add WIFIA loans as an eligible low‑cost financing instrument.

• Authorization for issuance of up to $850,000,000 of 2019 Series A–D taxable water revenue bonds (item 13). The commission authorized the bonds, approved related transaction documents for sale on a competitive or negotiated basis, and delegated award authority to the general manager to accept the lowest‑cost proposal. Staff indicated pricing was planned for the week of Dec. 9 with a likely close in late December/early January. Series A–C will primarily advance‑refund prior water bonds; series D will refinance outstanding taxable commercial paper.

• Consent to the development agreement for 3333 California Street and adoption of CEQA findings (item 14). The PUC consented to the development agreement limited to PUC jurisdictional matters, including an auxiliary water supply system (AWSS) connection and a community‑benefits fee of $1,055,000 to the PUC, and adopted CEQA findings and a mitigation and monitoring and reporting program as required.

• Declare surplus property and land swap (item 15). The commission declared 630 Market (or 639 Bryant) surplus to its utility needs and authorized a land disposition and acquisition agreement with 200 Marin Property LP to transfer 639 Bryant in exchange for acquiring 2000 Marin Street; the swap is intended to expand SFPUC corporate yard capacity (project and environmental review materials referenced). Public comment included support from labor representatives noting workforce benefits.

Votes and procedural notes: motions were moved and seconded on record for the items above; voice votes yielded “motion carries” statements in the transcript but did not include explicit yes/no counts for each vote. The commission also scheduled and referenced other agenda items (rescheduling of item 7 to Dec. 10; Planning Commission presentation scheduled Dec. 12) and proceeded to closed session following the actions listed above.

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