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File #: 160195    Version: 1 Name: Appropriation - Proceeds from Road Repaving and Street Safety General Obligation Bonds of $44,145,000 and Bond Interests of $2,317,851 - FY2015-2016
Type: Ordinance Status: Passed
Introduced: 3/1/2016 In control: Clerk of the Board
On agenda: Final action: 4/8/2016
Enactment date: Enactment #: 047-16
Title: Ordinance appropriating $46,462,851 consisting of $44,145,000 of the 2016E Series Road Repaving and Street Safety (RRSS) 2011 General Obligation Bond Proceeds and $2,317,851 of accumulated bond interest earnings to the Department of Public Works and Municipal Transportation Agency for street resurfacing, the redesign of streetscapes to include pedestrian and bicycle safety improvements, and traffic signal improvements to support transit priority in FY2015-2016 and placing these funds on Controller’s Reserve pending the sale of the bonds and review of arbitrage costs.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Controller Memo 022516, 3. Bdgt Analyst Rpt 031616, 4. Comm Pkt 031616, 5. Board Pkt 032216, 6. Board Pkt 040516, 7. Leg Final
Related files: 160202
Legislation Details
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