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Port seeks $11.5M in harbor fund balance to bridge seawall program amid litigation delay
Summary
Port CFO asked the committee to appropriate $11.5 million from harbor fund balance to continue Seawall Program planning and outreach while litigation delays the $425M bond sale; the committee moved the appropriation to the Board with a positive recommendation.
The Budget and Finance Committee advanced an ordinance appropriating $11.5 million in port harbor fund balance to support the San Francisco Seawall Earthquake Safety and Disaster Prevention Program for fiscal year 2019–20.
Katie Petruccioni, identified in the transcript as the port's chief financial officer, said two San Francisco residents…
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