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Title:
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Hearing of the Board of Supervisors sitting as a Committee of the Whole on February 15, 2022, at 3:00 p.m., to hold a public hearing to consider an Ordinance (File No. 211290) calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, June 7, 2022, for the purpose of submitting to San Francisco voters a proposition to incur the following bonded indebtedness of the City and County: $400,000,000 to finance the costs of construction, acquisition, and improvement of certain transportation, street safety and transit related capital improvements, and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code, Chapter 37; applying provisions of Administrative Code, Section 6.27, requiring certain funded projects to be subject to a Project Labor Agreement; providing for the levy and collection of taxes to pay both principal and interest on such bonds; incorporating the provisions of Administrative Code, Sections 5.30 through 5.36, setting certain procedures and requirements for the election; finding that the proposed bond is not a project under the California Environmental Quality Act (CEQA); and finding that the proposed bond is in conformity with the eight priority policies of Planning Code, Section 101.1(b), and with the General Plan consistency requirements of Charter, Section 4.105, and Administrative Code, Section 2A.53; and a Resolution (File No. 211291) determining and declaring that the public interest and necessity demand the subject General Obligation Bond and special election; scheduled pursuant to a motion made and approved on February 8, 2022, at the Board of Supervisor meeting, during consideration of File Nos. 211290 and 211291.
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