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OCII hires financing team, authorizes up to $175M in tax allocation bonds to fund affordable housing and Transbay work
Summary
The Commission approved contracts for a financing team and authorized issuance of tax allocation bonds not to exceed $175 million to fund affordable housing and Transbay infrastructure, voting 4–0 (1 absent). Contracts: Fieldman Rolapp & Associates ($176,000), Jones Hall ($202,000), Kaiser Marston Associates ($263,000).
The Commission on Community Investment and Infrastructure on July 15 authorized a financing team for upcoming tax‑allocation bond issuances tied to Mission Bay South, Transbay and affordable‑housing obligations, and separately approved a bond issuance resolution authorizing new‑money tax allocation bonds in an aggregate principal amount not to exceed $175,000,000.
Staff presented three separate contract approvals (each acted on separately after a combined presentation): - A personal services contract with Fieldman Rolapp & Associates, Inc., financial advisor, not to exceed $176,000 (approximately $88,000 per transaction). Staff said Fieldman Rolapp has prior OCII familiarity and post‑dissolution experience. - A contract with Jones Hall (a professional law corporation) for bond counsel and disclosure counsel services, not to exceed $202,000 (about $101,000 per series), citing recent work as bond counsel…
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