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Committee recommends Port tax levy on secured roll for Mission Rock and Pier 70
Summary
The committee voted 3–0 to recommend that the Board of Supervisors allow the assessor to place possessory interest (IFD) property taxes and CFD special taxes for Mission Rock and Pier 70 on the secured roll, improving bond security and potentially increasing proceeds for waterfront projects; a public caller raised contamination concerns at Pier 70.
The Government Audit & Oversight Committee on April 16 recommended that the Board of Supervisors direct the assessor to place certain Port of San Francisco possessory interest taxes for Mission Rock and Pier 70 on the secured roll.
Wyatt Donnelly Landolt, presenting for the Port, said the action would move both infrastructure financing district (IFD) property taxes and community facilities district (CFD) special taxes from the unsecured roll…
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