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Commission confirms refunding bonds for Hunters Point Shipyard Phase 1
Summary
The Commission on Community Investment and Infrastructure unanimously approved a resolution confirming the issuance of special tax refunding bonds for Community Facilities District 7 (Hunters Point Shipyard Phase 1), authorizing up to $40 million to refinance earlier variable-rate debt. The vote was 5–0.
The Commission on Community Investment and Infrastructure voted unanimously July 15 to confirm the issuance of special tax refunding bonds for Community Facilities District (CFD) No. 7 at the Hunters Point Shipyard.
The resolution (No. 47-2014) confirms staff authorization to issue fixed-rate special tax refunding bonds in an amount not to exceed $40,000,000 to refinance the CFD’s 2005 variable-rate bonds. Project manager Thor Kozlowski told commissioners the phase has grown in value and can support the refunding: “the…
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