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DPH reports bond spending slow but milestones hit on Zuckerberg Building 5 and UCSF research building procurement
Summary
Officials reported DPH received $272 million from a $350 million June bond sale, overall DPH expenditures around 23%, milestones at Zuckerberg Building 5 including OSHPD certificate for an urgent care clinic and construction starts, and UCSF’s research building procurement proceeding toward design with a Q2 2022 move-in target.
Capital projects staff told the commission they are tracking bond expenditures and project schedules for the DPH share of the 2016 bond. The June bond sale totaled $350 million; the department reported it received $272 million of that allocation and is only tracking the funds that came to DPH. The presentation showed DPH expenditures a little over 23% (up from about 19% in March), with many smaller enabling projects still in design and construction where spending is expected to increase over the next two quarters.
Terry Salts (Zuckerb…
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