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Committee advances $17M CFD and $10M IRFD bond authorizations for Treasure Island infrastructure and housing
Summary
The Budget and Finance Committee voted to forward two resolutions authorizing up to $17 million in CFD special‑tax bonds and up to $10 million in IRFD tax‑increment bonds for Treasure Island infrastructure, to reimburse developer costs and fund affordable‑housing predevelopment.
The Budget and Finance Committee on Nov. 15 recommended the Board of Supervisors authorize two bond issuances to continue infrastructure financing on Treasure Island: up to $17 million in Community Facilities District (CFD) special‑tax bonds and up to $10 million in Infrastructure Revitalization and Financing District (IRFD) tax‑increment bonds.
Jamie Corubin of the Treasure Island…
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