San Francisco/Board of Supervisors/Proposals/Ordinance appropriating $162,000,000 of Certificates of Participation (COPs) revenue to purchase two buildings, including $96,355,000 for 1 South Van Ness and $51,160,000 for 1650 Mission, $6,130,000 for improvements to 30 Van Ness, and $8,355,000 for contingency changes in market conditions for the Office of City Administrator for Fiscal Year 2006-2007. Additionally, authorizing the advance of $2,721,727 from the Reserve for Rainy Day – One-Time Account to the City Administrator for improvemen

EnactedordinanceLegistar San Francisco

Ordinance appropriating $162,000,000 of Certificates of Participation (COPs) revenue to purchase two buildings, including $96,355,000 for 1 South Van Ness and $51,160,000 for 1650 Mission, $6,130,000 for improvements to 30 Van Ness, and $8,355,000 for contingency changes in market conditions for the Office of City Administrator for Fiscal Year 2006-2007. Additionally, authorizing the advance of $2,721,727 from the Reserve for Rainy Day – One-Time Account to the City Administrator for improvemen

Introduced November 7, 2006

What This Means

This ordinance would authorize $162 million in Certificates of Participation financing for property acquisitions and improvements, including purchases of 1 South Van Ness and 1650 Mission buildings with additional funding for renovations at 30 Van Ness. The measure also allocates contingency reserves for market condition changes.

Plain language summary generated by AI · Civitics

Community Position

Community Comments

Comment Period

This proposal is not currently open for public comment.

Details

Typeordinance

IntroducedNovember 7, 2006