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Board agrees to offer 700 Font Boulevard to San Francisco State for $11.1 million, to defease district debt
Summary
The San Francisco Unified School District voted to offer 700 Font Boulevard to the state for $11,100,000; staff said proceeds would be used to defease outstanding certificates of participation, saving the district roughly $850,000 a year in debt service.
The San Francisco Unified School District voted April 10 to offer the district‑owned property at 700 Font Boulevard to the California Department of General Services acting on behalf of San Francisco State University for $11,100,000. Deputy Superintendent Myung Lee read the staff recommendation and said the district plans to use the proceeds for facilities‑related purposes, chiefly to pay off outstanding certificates of participation (COPs).
"We are recommending a transaction in the amount of…
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