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OCII to cast vote in favor of Transbay CFD; staff authorized to execute ballot
Summary
The commission authorized the executive director to execute a ballot in favor of forming the Transbay Transit Center Community Facilities District (CFD), which would allow up to $1.4 billion in bond capacity to fund the downtown rail extension (DTX), rooftop park and streetscape improvements; final hearings were scheduled for December.
The Commission on Community Investment and Infrastructure authorized the executive director to execute a ballot in favor of forming the Transbay Transit Center Community Facilities District (a Mello‑Roos CFD). OCII staff said the agency owns Transbay Block 1, which would be part of the district and therefore would cast a landowner ballot.
Sally Orth, OCII deputy director for program and project management, described the CFD’s scope and financing. She said the CFD’s rate methodology in the transit center district plan uses a point‑55 percent rate of value…
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