Legislation Details

City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689 City and County of San Francisco Legislation Details File #: Version: 3 180454 Name: General Obligation Bond Election - Seawall and
Other Critical Infrastructure - $425,000,000 Status: Type: Ordinance Passed File created: In control: 5/1/2018 Clerk of the Board On agenda: Final action: 6/28/2018 Enactment date: 6/28/2018 146-18 Enactment #: Title: Ordinance calling and providing for a special election to be held in the City and County of San Francisco on Tuesday, November 6, 2018, for the purpose of submitting to San Francisco voters a proposition to incur the following bonded debt of the City and County: $425,000,000 to finance the construction, reconstruction, acquisition, improvement, demolition, seismic strengthening and repair of the Embarcadero Seawall and other critical infrastructure, 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 procedure for voting for or against the proposition; fixing the maximum rate of interest on such bonds and providing for the levy and collection of taxes to pay both principal and interest; prescribing notice to be given of such election; affirming the Planning Department’s determination under the California Environmental Quality Act, 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; consolidating the special election with the general election; establishing the election precincts, voting places and officers for the election; waiving the word limitation on ballot propositions imposed by Municipal Elections Code, Section 510; complying with the restrictions on the use of bond proceeds specified in California Government Code, Section 53410; incorporating the provisions regarding the Citizens’ Bond Oversight Committee in Administrative Code, Sections 5.30-5.36; and waiving the time requirements specified in Administrative Code, Section 2.34. Sponsors: Mayor, London N. Breed, Malia Cohen, Jane Kim, Aaron Peskin, Jeff Sheehy, Norman Yee, Ahsha
Safai, Katy Tang Attachments: 1. Leg Ver1, 2. Leg Dig Ver1, 3. Seawall Earthquake Safety Bond Rpt 0418, 4. Referral CEQA
051118, 5. Referral CON 051118, 6. Referral Mandated 051118, 7. GPR 052418, 8. CEQA
Determination 052318, 9. Budget Analyst Rpt 053118, 10. Comm Pkt 053118, 11. CON Analysis
053018, 12. Leg Ver2, 13. Leg Dig Ver2, 14. Economic Impact Rpt 060618, 15. Referral CEQA
060618, 16. Referral CON 060618, 17. Referral Mandated 060618, 18. Board Pkt 061218, 19. Leg
Ver3, 20. Leg Dig Ver3, 21. Board Pkt 061918, 22. Board Pkt 062618, 23. Leg Final, 24. Submission
to Elections 072718

Action By Date Action Result Ver. ASSIGNED UNDER 30 DAY RULE President 5/1/2018 1 REFERRED TO DEPARTMENT Clerk of the Board 5/11/2018 1 TRANSFERRED President 5/14/2018 1 RESPONSE RECEIVED Clerk of the Board 5/24/2018 1 RESPONSE RECEIVED Clerk of the Board 5/30/2018 2 RECOMMENDED AS AMENDED Budget and Finance Committee 5/31/2018 2 Pass DUPLICATED AND AMENDED Budget and Finance Committee 5/31/2018 2 AMENDED Budget and Finance Committee 5/31/2018 1 Pass REFERRED TO DEPARTMENT Clerk of the Board 6/6/2018 2 AMENDED, AN AMENDMENT OF THE Board of Supervisors 6/12/2018 2 Pass