Capital Planning Committee
AGENDA FOR MEETING
October 16, 2023
11:00 AM – 1:00 PM
City Hall, Room 305
This meeting is an in-person meeting.
If you are unable to attend, please follow the instructions below.
****Please click the Teams link and follow the prompts****
This meeting can also be accessed by phone.
To attend the meeting, please visit: Teams link
or https://onesanfrancisco.org/committee/meetings and select the agenda for today’s meeting. You can also Dial-in # (415) 906-4659 then enter meeting code: 657 027 769.
Public Comment
Public Comment will be taken in-person, either before or during the Committee’s consideration of each agenda item. Speakers may address the Committee for up to two minutes. During General Public Comment, members of the public may address the Committee on matters that are within the Committee’s jurisdiction and are not on today’s agenda.
People who have received an accommodation due to a disability may provide their public comments remotely.
In addition to in-person public comment, the Capital Planning Committee will set aside up to 20 minutes for each item for members of the public who wish to appear remotely, taking calls in the order that users add themselves to the queue. Because of the twenty (20) minute time limit, it is possible that not every person in the queue will have an opportunity to participate in the meeting remotely.
It is possible that the Committee may experience technical challenges that interfere with the ability of members of the public to participate in the meeting remotely. If that happens, the Committee will attempt to correct the problem but may continue with the hearing as long as people attending in-person are able to observe and offer public comment.
Agenda Items
1) CALL TO ORDER
2) INTRODUCTIONS AND AGENDA REVIEW
3) GENERAL PUBLIC COMMENT
Public comment on matters within the Committee's jurisdiction that are not on the current agenda.
4) APPROVAL OF THE RESOLUTION AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS FOR SPECIAL TAX DISTRICT NO. 2020-1 (MISSION ROCK FACILITIES AND SERVICES) IN AN AGGREGATE AMOUNT NOT TO EXCEED $58,335,000 Action Item
Staff from the Port of San Francisco and the Office of Public Finance will present
the resolution which authorizes the issuance of three series of bonds for the Special Tax District No. 2020-1 (Mission Rock Facilities and Services) in an aggregate amount not to exceed $58,335,000. Proceeds of the Bonds will finance or reimburse 1) horizontal improvements for the Project, 2) a debt service reserve fund, 3) administrative expenses, and 4) costs of issuance. In addition, proceeds of the Bonds will reimburse the Developer for outstanding costs related to the initial stages of Phase I horizontal improvements.
5) APPROVAL OF THE RESOLUTION APPROVING PLEDGE AGREEMENT RELATED DOCUMENTS FOR CCSF INFRASTRUCTURE FINANCING DISTRICT NO. 2 (PORT OF SAN FRANCISCO), SUB-PROJECT AREAS I-1 THROUGH I-13 Action Item
Staff from the Port of San Francisco and the Office of Public Finance will present
the Infrastructure Financing District No. 2 Resolution (“IFD No. 2”). IFD No. 2 previously executed a Pledge Agreement to use tax increment from Sub-Project Areas I1-I3 to pay debt service on Development Special Tax Bonds issued from time to time by the City for the Special Tax District. The IFD No. 2 Resolution authorizes the appropriate officers of the City and the Port (as IFD Agent) to take all necessary actions on behalf of IFD No. 2 in connection with the issuance of the 2023A Development Special Tax Bonds.
6) APPROVAL OF THE CY2024 ANNUAL INFRASTRUCTURE CONSTRUCTION COST INFLATION ESTIMATE (AICCIE) Action Item
Office of Resilience and Capital Planning staff will present the recommendation for the CY 2024 AICCIE that establishes San Francisco’s official construction cost inflation estimate for the next calendar year. This important number is used by departments and capital planning staff to establish construction budgets, renewal costs, and state of good repair backlogs.
7) FY24 & FY25 CAPITAL PROGRAM UPDATE Discussion Item
Office of Resilience and Capital Planning staff will present updates on the FY24 & FY25 Capital Budget, key milestone dates for 2024 bond program legislation, and a progress report on the FY24 Roof and Elevator Programs managed by Public Works.
8) NEXT MEETING SCHEDULE & POTENTIAL AGENDA ITEMS
Proposed date, location & time: November 13, 2023
Proposed agenda items: TBD
If any materials related to an item on this agenda have been distributed to the Capital Planning Committee after distribution of the agenda packet, those materials are available for public inspection at City Hall Room 347 during normal office hours. Materials can also be found online at: http://onesanfrancisco.org/committee/meetings.
