Committee advances resolution to extend time to evaluate AB27 redevelopment payment
The committee approved forwarding a resolution that gives the city an additional month to determine how to comply with AB27’s requirements and to calculate a remittance estimated at about $26 million to keep redevelopment activities; staff warned the payment and ongoing obligations could delay or reduce future housing projects and are subject to state calculation and pending litigation.
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The Budget and Finance Committee voted to forward to the full Board a resolution giving the City and County of San Francisco additional time to evaluate the mechanics and funding for a remittance tied to Assembly Bill 27, which would allow certain redevelopment activities to continue.
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