Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board endorses Mission Rock special-tax bonds to fund Phase 1 infrastructure
Summary
The committee recommended the issuance of up to $43.3 million in special-tax Community Facilities District bonds to fund Mission Rock horizontal infrastructure (streets, sewers, park) for Phase 1; the financing structure relies on developer prepayments, port land value and CFD/IFD tax increment.
The Budget and Finance Committee on Dec. 2 recommended the Board of Supervisors approve two related resolutions to support infrastructure financing at Mission Rock: a revised pledge agreement for an infrastructure financing district (IFD) and authorization for special-tax Community Facilities District (CFD) bonds up to $43.3 million.
Wyatt Donnelly Landolt, presenting for the Port and project team, said the bonds will fund the Phase 1 "horizontal"…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
