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Committee forwards $571M bond package for seawall, earthquake safety and housing projects
Summary
The Budget and Finance Committee forwarded several bond-related items (Items 12–17) totaling up to $571 million across Embarcadero seawall, earthquake safety/emergency response, and affordable housing programs, and approved using interest earnings to advance SFPUC’s Westside emergency firefighting water pipeline. The committee made a minor text correction and scheduled some items for specific Board dates.
Committee members heard multi-agency presentations on a tranche of proposed bond issuances and an appropriation of interest earnings.
SFPUC requested an appropriation of interest earnings from earlier ESER bond series to bridge a temporary funding gap for planning and design of the Westside potable emergency firefighting water pipeline; the PUC and controller’s office asked the committee to allocate approximately $6.8 million of accrued interest earnings to advance planning now, before the next round of bond proceeds becomes available.
The com…
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