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Supervisors approve schedule for Treasure Island IRFD amendments, set hearing date
Summary
The committee advanced administrative amendments to the Treasure Island Infrastructure and Revitalization Financing District to align project‑area boundaries with assessor parcels, clarified tax‑increment distribution, and set a committee‑of‑the‑whole hearing for Jan. 11, 2022. Staff said the changes are largely administrative and intended to facilitate future bond issuance.
The Government Audit & Oversight Committee on Oct. 7 voted to schedule a committee‑of‑the‑whole hearing and to forward drafting and procedural resolutions for amendments to the Treasure Island Infrastructure and Revitalization Financing District (IRFD).
Luke Brewer of the Office of Public Finance described the two resolutions before the committee as the first steps required under state IRFD law to amend the district’s infrastructure financing plan. "These are the first steps under state IRFD law," Brewer said, describing proposed changes that include adjusting project‑area boundaries so they match current assessor parcels and correcting the allocation…
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