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Committee sets public‑hearing date for special tax district tied to Potrero Power Station project
Summary
The Budget & Finance Committee approved resolutions of intention to form a Community Facilities District (special tax district) and to incur up to $800 million in not‑to‑exceed indebtedness tied to the Potrero Power Station redevelopment; the committee set a March 8 public hearing and forwarded the items to the full Board.
The Budget and Finance Committee on Jan. 12 approved two resolutions of intention to form a special tax district (a Community Facilities District) and to incur bonded indebtedness in support of the Potrero Power Station redevelopment. The committee also amended the resolution to set the public hearing for 3 p.m. on March 8 and forwarded both items to the full Board with a positive recommendation.
City staff from OEWD and the Office of Public Finance described the…
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