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Committee severs $2M shore‑power item and forwards bulk of Pier 27 appropriation

Budget and Finance Committee · February 29, 2012
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Summary

The committee approved a supplemental appropriation for the Pier 27 cruise terminal but severed the $2,000,000 shore‑side power reimbursement from the America's Cup event authority pending DDA/COP clarity; the Port was asked to return with funding updates including the unresolved $5.3M phase‑2 gap and the $6.5M general fund question.

The Budget & Finance Committee voted to forward an appropriation ordinance for the Pier 27 cruise terminal to the Board of Supervisors after severing a disputed $2,000,000 shore‑side power reimbursement.

Elaine Forbes of the Port told the committee the supplemental would appropriate $5,448,352, drawing on $3,448,000 of Port fund balance, $1,800,000 in 2010 port revenue bond reappropriation, $1,100,000 shifted from a delayed Pier 35 project, and $700,000 realized from an underrun on a Pier 19 roof project. The supplemental also recognized up to…

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