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SFPUC reports $721M water‑revenue bond sale, announces Bacon Street community meeting and Lake Merced MOU outreach
Summary
SFPUC staff reported a $721 million water revenue bond sale that Reedstrom said will save ratepayers roughly $18.1 million over 30 years, announced a July 28 community meeting about permanently closing a one‑block portion of Bacon Street at University Mound Reservoir, and summarized outreach on a draft Lake Merced MOU to return in September.
San Francisco — At its regular meeting the San Francisco Public Utilities Commission received several administrative updates: a finance briefing on recent bond sales, a community outreach notice on a potential street closure near University Mound Reservoir, and progress on a draft memorandum of understanding (MOU) for Lake Merced management.
Todd Reedstrom, assistant general manager and CFO, told commissioners the utility sold $721,000,000 of water revenue bonds in the market and achieved an estimated $18,100,000 in interest savings over the life of the 30‑year bonds; the sale…
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