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Committee forwards final $209.96 million in Proposition A bonds for San Francisco General Hospital rebuild
Summary
The Budget and Finance Committee recommended forwarding a package to authorize sale and appropriation of up to $209,955,000 in general obligation bonds under Proposition A to complete the San Francisco General Hospital rebuild; staff said the project remains on schedule for substantial completion in May 2015 and a planned move-in in early December 2015.
The San Francisco Board of Supervisors Budget and Finance Committee on Nov. 20 recommended that the full Board consider authorizing the sale and appropriation of up to $209,955,000 in general obligation bonds to finance the final phase of the San Francisco General Hospital rebuild.
Anthony Abovana of the Controller’s Office told the committee the resolution and ordinance before members would authorize the sale and issuance of City and County general obligation bonds "in an amount not to exceed $209,955,000" and would appropriate those proceeds for the general hospital project. He said previous bond issuances under Proposition A…
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