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Public Works reports closeout progress on 2011 road repaving and street safety bond
Summary
San Francisco Public Works told the oversight committee the 2011 road repaving and street safety bond (about $250 million) is in closeout, with most scope complete; staff said final financial reconciliation and payments remain for some encumbrances and will be addressed in the closeout phase.
Edmond Lee of the Department of Public Works presented a closeout update on the 2011 road repaving and street safety general obligation bond, saying that nearly all program scope has been completed and that staff are concentrating on project closeout and final payments.
Lee described the bond as approximately "$250,000,000 or just…
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