Oversight Board Adopted Resolutions - 2026

APPROVING AN AMENDMENT TO THE MISSION BAY SOUTH OWNER PARTICIPATION AGREEMENT TO ALLOW ADDITIONAL AFFORDABLE HOUSING UNITS CONSISTENT WITH SECTION 34177.7 (a) (1) (C) OF THE REDEVELOPMENT DISSOLUTION LAW; MISSION BAY SOUTH REDEVELOPMENT PROJECT AREA

APPROVING AND DIRECTING, UNDER SECTIONS 34177.5(a)(1), (a)(4) AND (f) AND 34180(b) OF THE CALIFORNIA HEALTH AND SAFETY CODE, THE ISSUANCE OF SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY AND COUNTY OF SAN FRANCISCO: 1) NEW MONEY TAX ALLOCATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $48,000,000; AND 2) REFUNDING TAX ALLOCATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $170,000,000; APPROVING AND DIRECTING RELATED ACTIONS; MISSION BAY SOUTH REDEVELOPMENT PROJECT AREA
 

APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR JULY 1, 2026 TO JUNE 30, 2027 (“ROPS 26-27”)

APPROVING, UNDER sectionS 34177.7(a)(1)(C), 34177.7(f) AND 34180(b) OF THE CALIFORNIA HEALTH AND SAFETY CODE, THE ISSUANCE OF NEW MONEY TAX ALLOCATION BONDS BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY AND COUNTY OF SAN FRANCISCO IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $180,000,000, AND RELATED ACTIONS; REPLACEMENT HOUSING OBLIGATIONS

APPROVING AND DIRECTING, UNDER SECTIONS 34177.5(A)(1) AND (F) AND 34180(B) OF THE CALIFORNIA HEALTH AND SAFETY CODE, THE ISSUANCE OF SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY AND COUNTY OF SAN FRANCISCO REFUNDING TAX ALLOCATION BONDS RELATED TO THE PRIOR FINANCING OF MISSION BAY NORTH INFRASTRUCTURE IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $70,000,000, AND APPROVING AND DIRECTING RELATED ACTIONS

DIRECTING THE SUCCESSOR AGENCY TO TRANSFER, UNDER SECTION 34181 (A) OF THE CALIFORNIA HEALTH & SAFETY CODE, ITS BENEFICIAL INTERESTS IN RESTRICTIVE COVENANTS TO THE CITY AND COUNTY OF SAN FRANCISCO (“CITY”) AS A REAL ESTATE ASSET USED FOR A GOVERNMENTAL PURPOSE;  AND AUTHORIZING  AN ASSIGNMENT AND ASSUMPTION AGREEMENT TO CONVEY TO THE CITY THE BENEFICIAL INTERESTS IN  THE RESTRICTIVE COVENANTS  AS SET FORTH IN THE DISPOSITION AND DEVELOPMENT AGREEMENT AND GRANT DEED BOTH DATED APRIL 20, 2010, BY AND BETWEEN FORMER REDEVELOPMENT AGENCY OF THE CITY AND TENANT’S AND OWNER’S DEVELOPMENT CORPORATION, INC. (“TODCO”) AND THE DECLARATION OF SITE RESTRICTIONS EXECUTED BY TODCO ON APRIL 20, 2010

DIRECTING THE SUCCESSOR AGENCY TO TRANSFER, UNDER SECTION 34181 (A) OF THE CALIFORNIA HEALTH & SAFETY CODE, ITS BENEFICIAL INTERESTS IN RESTRICTIVE COVENANTS TO THE CITY AND COUNTY OF SAN FRANCISCO (“CITY”) AS A REAL ESTATE ASSET USED FOR A GOVERNMENTAL PURPOSE;  AND AUTHORIZING  AN ASSIGNMENT AND ASSUMPTION AGREEMENT TO CONVEY TO THE CITY THE BENEFICIAL INTERESTS IN  THE RESTRICTIVE COVENANTS  AS INCORPORATED INTO THE GRANT DEED, DATED JUNE 27, 2006, BY AND BETWEEN FORMER REDEVELOPMENT AGENCY OF THE CITY AND COUNTY OF SAN FRANCISCO AND THE CONTEMPORARY JEWISH MUSEUM