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OCII advances Hunters Point Shipyard CFD changes and bond steps; property-owner ballots approve RMA updates
Summary
The Commission completed change proceedings and introduced ordinances for Community Facilities Districts (CFDs) 7 and 8 for Hunters Point Shipyard Phase 1, approved revised rate-and-method apportionments and called property-owner elections that returned ballots overwhelmingly in favor; the Commission authorized moving forward toward bond issuance (not-to-exceed $40 million) subject to Oversight Board and Department of Finance approvals.
The Commission advanced a package of actions to finance Phase 1 infrastructure and maintenance for the Hunters Point Shipyard redevelopment, concluding public hearings, adopting resolutions and introducing ordinances for Community Facilities Districts (CFDs) No. 7 (improvements) and No. 8 (maintenance).
Thor Kislawski and staff explained RMA updates to reflect the project’s development…
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