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OCII approves legal‑services contracts for housing and Transbay infrastructure bonds
Summary
The Commission approved three legal‑services contracts to support up to $23 million in new taxable housing bonds, about $90 million in taxable refunding bonds (estimate), and $37 million in tax‑exempt Transbay infrastructure bonds; contracts total up to $358,800 plus contingencies and expenses.
The Commission approved three separate legal‑services contracts to support OCII’s planned bond financings for housing and Transbay infrastructure.
John Daigle, OCII senior financial analyst, told the Commission the financing program anticipates three classes of issues: $23 million in new taxable housing bonds to fund projects in Mission Bay, Hunters Point Shipyard and Candlestick Point; an estimated $90 million in taxable housing refunding bonds (subject to market conditions);…
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