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Committee approves limited reserve release for Bay Trail link, forwards and continues major bond items pending technical amendments and CEQA appeals
Summary
Committee approved a $130,463 reserve release for the Pier 43 Bay Trail Link, forwarded certain park bond items per budget analyst recommendations, forwarded a supplemental appropriation for waterfront projects without recommendation, continued the Pier 27 cruise-terminal reserve release pending CEQA appeals, and moved most multi-bond authorizations to the next meeting for further review.
At the meeting the Budget and Finance Committee took multiple actions on port appropriations and a package of general obligation bond authorizations.
Port and budget staff briefed the committee on three related items seeking to make interest earnings and sale proceeds available for waterfront projects: a supplemental appropriation (item 7) and two reserve releases (items 8 and 9) tied to the James R. Herman Cruise Terminal at Pier 27 and the Brandon Street Wharf project. Port staff noted pending CEQA appeals related to the Pier 27 cruise-terminal project that are scheduled to be heard by the Board of Supervisors; they recommended the committee forward the supplemental…
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