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Subcommittee forwards equipment lease, SFPUC water bonds and MTA contract amendment to full Board
Summary
The subcommittee recommended forwarding three financing and contract items to the full Board: an equipment lease supplement (not to exceed $11.5M), SFPUC water revenue bonds (approx. $950M for two sales), and an MTA contract amendment for LRV truck rehabilitation (additional ~$12M). Each item was forwarded by motion; no roll‑call votes were taken in subcommittee.
The Budget & Finance Subcommittee on May 25 forwarded several financing and contract items to the full Board of Supervisors.
Item 1: an equipment lease supplement authorizing execution and delivery of an equipment lease supplement (number 16) for equipment lease revenue bonds by the City and County of San Francisco and a finance corporation as lessor, with a not‑to‑exceed amount of $11,500,000. Nadia Soussay of the Controller's Office said the issuance was expected to be approximately $10,700,000 and that the package includes a supplement, trust indenture and an official…
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