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Committee forwards Pier 70 DDA amendment to allow interim maintenance reimbursement
Summary
Port staff presented amendments to the Pier 70 disposition and development agreement to allow maintenance costs to be treated as reimbursable project costs until special taxes become available; the committee forwarded the resolution to the full board with a positive recommendation.
Port project manager Christine Maher told the Budget and Finance Committee that, because vertical development at Pier 70 has been delayed, special taxes originally intended to fund port‑accepted infrastructure maintenance are not yet available. The proposed second amendment to the Pier 70 disposition…
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