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Committee refers Port financing amendments for Mission Rock and Pier 70 to full board
Summary
Port staff presented amendments to San Francisco's special tax financing law (Article 43.1) to enable community facilities district and infrastructure financing for Mission Rock and Pier 70. The committee referred the ordinance to the Board of Supervisors with a positive recommendation after Q&A about CFD/IFD mechanics and transportation funding.
Port of San Francisco finance staff briefed the Rules Committee on July 29 about proposed amendments to the city administrative code (Article 43.1) to allow special tax financing for Mission Rock and Pier 70 and the committee voted to refer the ordinance to the full Board of Supervisors with a positive recommendation.
Wyatt Donnelay Landau of the Port finance team described the projects: Pier 70 (District 10) is roughly 35 acres and Mission Rock about 28 acres. Landau said…
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