# Board of Supervisors Minutes: December 3, 2024 - Meeting date: 2024-12-03 - Document type: minutes - Pages in official PDF: 27 - [Canonical HTML transcript](https://sfbos.info/documents/1048/2024-12-03-minutes) - [Authoritative City PDF](https://sfgov.legistar.com/View.ashx?M=M&ID=1249947&GUID=22059C8A-CB20-4B1C-95E2-EED86A742A71) > This text was extracted for search and accessibility. The linked City PDF is the authoritative public record. ## Structured legislative records ### File 240926: Various Codes - Fee Elimination and Administrative Provisions - Pages: 6-7 - Vote 1: first-reading - Action: on and Administrative Provisions] Sponsors: Mayor; Peskin, Mandelman, Engardio, Safai and Melgar Ordinance amending the Business and Tax Regulations Code, Administrative Code, Health Code, Police Code, and Public Works Code to make the following changes if the voters approve Proposition M in the November 5, 2024, election: 1) eliminate certain fees beginning in 2026, and 2) increase the gross receipts threshold from $2,500,000 to $5,000,000 for reductions to annual curbside shared spaces fees beginning in 2026; and to make the following additional changes regardless of whether the voters approve Proposition M: 3) extend indefinitely the waiver of business location and device fees for businesses with taximeter devices; 4) extend indefinitely the suspension of the registration certificate and fee requirements for taxi drivers and drivers for transportation network companies; 5) authorize the Tax Collector to collect certain additional license fees on the unified license bill; and 6) amend the delinquency date and penalty provisions and add interest provisions relating to license fees collected on the unified license bill. (Fiscal Impact) PASSED ON FIRST READING by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Melgar, Peskin, Preston, Ronen, Safai, Walton ### File 240980: Appropriation - GO Bond - $571,000,000 - Embarcadero Seawall 2024A - PRT - $124,000,000 - Earthquake Safety 2024D - DPW, PUC - $225,000,000 - Affordable Housing 2024C - MOHCD - $70,000,000 - Affordable Housing 2024D - MOHCD - $152,000,000 - FY2024-2025 - Pages: 7 - Vote 1: first-reading - Action: total $571,000,000 of General Obligation (GO) Bond proceeds, including: $124,000,000 of proceeds from Series 2024A Embarcadero Seawall GO Bonds to the Port of San Francisco (PRT) for planning, engagement, program management, pilot projects, Embarcadero early project pre-design, detailed design, construction, and a flood study with the United States Army Corps of Engineers; $225,000,000 from Series 2024B Earthquake Safety and Emergency Response GO Bonds to Department of Public Works (DPW) and the Public Utilities Commission (PUC) for Fire Department and Police facilities, and emergency firefighting water system improvements; $70,000,000 from Series 2024C Affordable Housing to the Mayor’s Office of Housing and Community Development (MOHCD) for low-income, preservation and middle income, senior, and educator housing projects; $152,000,000 from Series 2024D Affordable Housing to the Mayor’s Office of Housing and Community Development (MOHCD) for low-income, preservation, and victims and survivor housing projects in Fiscal Year (FY) 2024-2025; and placing these funds on Controller’s Reserve pending receipt of bond proceeds. (Fiscal Impact) PASSED ON FIRST READING by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Melgar, Peskin, Preston, Ronen, Safai, Walton ### File 240995: Sale of General Obligation Bonds (Embarcadero Seawall Earthquake Safety, 2018), Series 2024A - Not to Exceed $124,000,000 - Pages: 7-8 - Vote 1: adoption, likely final - Action: tax-exempt or taxable basis of City and County of San Francisco General Obligation Bonds (Embarcadero Seawall Earthquake Safety, 2018) Series 2024A; prescribing the form and terms of such bonds; providing for the appointment of depositories and other agents for such bonds; providing for the establishment of accounts and/or subaccounts related to such bonds; authorizing the sale of such bonds by competitive or negotiated sale; approving the forms of the Official Notice of Sale and Notice of Intention to Sell Bonds and directing the publication of the Notice of Intention to Sell Bonds; approving the form of the Purchase Contract; approving the form of the Preliminary Official Statement and the execution of the Official Statement relating to the sale of such bonds; approving the form of the Continuing Disclosure Certificate; authorizing and approving modifications to such documents; ratifying certain actions previously taken, as defined herein; and granting general authority to City officials to take necessary actions in connection with the authorization, issuance, sale, and delivery of such bonds, as defined herein. (Fiscal Impact) Resolution No. 592-24 ADOPTED by the following vote: - Ayes: Chan, Dorsey, Engardio, Mandelman, Melgar, Peskin, Preston, Ronen, Safai, Walton ## Extracted text ### [Page 7](https://sfbos.info/documents/1048/2024-12-03-minutes#page-7) Board of Supervisors Meeting Minutes 12/3/2024 President Peskin requested File Nos. 240980 and 240995 be called together. 240980 [Appropriation - GO Bond - $571,000,000 - Embarcadero Seawall 2024A - PRT - $124,000,000 - Earthquake Safety 2024D - DPW, PUC - $225,000,000 - Affordable Housing 2024C - MOHCD - $70,000,000 - Affordable Housing 2024D - MOHCD - $152,000,000 - FY2024-2025] Sponsor: Mayor Ordinance appropriating a total $571,000,000 of General Obligation (GO) Bond proceeds, including: $124,000,000 of proceeds from Series 2024A Embarcadero Seawall GO Bonds to the Port of San Francisco (PRT) for planning, engagement, program management, pilot projects, Embarcadero early project pre-design, detailed design, construction, and a flood study with the United States Army Corps of Engineers; $225,000,000 from Series 2024B Earthquake Safety and Emergency Response GO Bonds to Department of Public Works (DPW) and the Public Utilities Commission (PUC) for Fire Department and Police facilities, and emergency firefighting water system improvements; $70,000,000 from Series 2024C Affordable Housing to the Mayor’s Office of Housing and Community Development (MOHCD) for low-income, preservation and middle income, senior, and educator housing projects; $152,000,000 from Series 2024D Affordable Housing to the Mayor’s Office of Housing and Community Development (MOHCD) for low-income, preservation, and victims and survivor housing projects in Fiscal Year (FY) 2024-2025; and placing these funds on Controller’s Reserve pending receipt of bond proceeds. (Fiscal Impact) PASSED ON FIRST READING by the following vote: Ayes: 10 - Chan, Dorsey, Engardio, Mandelman, Melgar, Peskin, Preston, Ronen, Safai, Walton 240995 [Sale of General Obligation Bonds (Embarcadero Seawall Earthquake Safety, 2018), Series 2024A - Not to Exceed $124,000,000] Sponsor: Mayor Resolution authorizing the issuance and sale of not to exceed $124,000,000 aggregate principal amount in one or more series of bonds on a tax-exempt or taxable basis of City and County of San Francisco General Obligation Bonds (Embarcadero Seawall Earthquake Safety, 2018) Series 2024A; prescribing the form and terms of such bonds; providing for the appointment of depositories and other agents for such bonds; providing for the establishment of accounts and/or subaccounts related to such bonds; authorizing the sale of such bonds by competitive or negotiated sale; approving the forms of the Official Notice of Sale and Notice of Intention to Sell Bonds and directing the publication of the Notice of Intention to Sell Bonds; approving the form of the Purchase Contract; approving the form of the Preliminary Official Statement and the execution of the Official Statement relating to the sale of such bonds; approving the form of the Continuing Disclosure Certificate; authorizing and approving modifications to such documents; ratifying certain actions previously taken, as defined herein; and granting general authority to City officials to take necessary actions in connection with the authorization, issuance, sale, and delivery of such bonds, as defined herein. (Fiscal Impact) Resolution No. 592-24 ADOPTED by the following vote: Ayes: 10 - Chan, Dorsey, Engardio, Mandelman, Melgar, Peskin, Preston, Ronen, Safai, Walton City and County of San Francisco Page 1010 Printed at 2:20 pm on 1/13/25