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Meeting Name: Budget and Finance Committee Agenda status: Final
Meeting date/time: 2/8/2016 10:00 AM Minutes status: Final  
Meeting location: City Hall, Legislative Chamber, Room 250
Special Meeting
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Attachments:
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151276 3 General Obligation Bond Election - Public Health and Safety - $350,000,000OrdinancePassedOrdinance calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, June 7, 2016, for the purpose of submitting to San Francisco voters a proposition to incur the following bonded debt of the City and County: $350,000,000 to finance the construction, acquisition, improvement, seismic strengthening and betterment of critical community and mental health, emergency response and safety, and homeless shelter and service facilities 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 in accordance with Administrative Code, Chapter 37; finding that the estimated cost of such proposed project is and will be too great to be paid out of the ordinary annual income and revenue of the City and County and will require expenditures greater than the amount allowed therefor by the annual tax levy; reciting the estimated cost of such proposed project; fixing the date of election and the manner of holding such election and the proceduREFERRED WITHOUT RECOMMENDATION AS COMMITTEE REPORTPass Action details Video Video
151275 2 General Obligation Bonds - Public Health and Safety - Estimated Cost of $350,000,000ResolutionPassedResolution determining and declaring that the public interest and necessity demand the construction, acquisition, improvement, seismic strengthening and betterment of critical community and mental health, emergency response and safety, and homeless shelter and service facilities and the payment of related costs necessary or convenient for the foregoing purposes; finding that the estimated cost of $350,000,000 for such improvements is and will be too great to be paid out of the ordinary annual income and revenue of the City and County and will require incurring bonded indebtedness; finding that a portion of the proposed bond is not a project under the California Environmental Quality Act ("CEQA") and adopting findings under CEQA, CEQA Guidelines, and San Francisco Administrative Code, Chapter 31, for the remaining portion of the proposed bond; finding the proposed bond is in conformity with the priority policies of Planning Code, Section 101.1(b), and with the General Plan consistency requirement of Charter, Section 4.105, and Administrative Code, Section 2A.53; and waiving the time lREFERRED WITHOUT RECOMMENDATION AS COMMITTEE REPORTPass Action details Video Video