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Committee delays vote on $7 million TEFRA bond for SPUR urban center after public objections
Summary
The Budget and Finance Committee recessed action on a TEFRA resolution to facilitate up to $7 million in tax-exempt bonds for a SPUR urban center on Mission Street, citing public concern about notice, outreach and potential legal issues; the item was continued to the next day's committee session.
The Budget and Finance Committee on Tuesday recessed consideration of a resolution that would facilitate up to $7,000,000 in tax-exempt bonds for an urban center project associated with the San Francisco Planning and Urban Research Association (SPUR) to allow additional public comment and legal review.
Anthony Aberbon of the Mayor’s Office of Public Finance told the committee the California Municipal Finance Authority would issue the bonds to finance the acquisition and construction of an urban center on Mission Street. "The issuer of the bonds is actually California Municipal Finance Authority, not ABAG,"…
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