# Board of Supervisors Minutes: February 24, 2026 - Meeting date: 2026-02-24 - Document type: minutes - Pages in official PDF: 34 - [Canonical HTML transcript](https://sfbos.info/documents/1136/2026-02-24-minutes) - [Authoritative City PDF](https://sfbos.archive.sf.gov/sites/default/files/bag022426_minutes.pdf) > This text was extracted for search and accessibility. The linked City PDF is the authoritative public record. ## Structured legislative records ### File 260090: Tax Exempt and Taxable Lease Revenue Commercial Paper Certificates of Participation (Series 1 and Series 2) - Capital Improvements and Equipment - Not to Exceed $150,000,000 - Pages: 11-12 - Vote 1: adoption, likely final - Action: 260090 [Tax Exempt and Taxable Lease Revenue Commercial Paper Certificates of Participation (Series 1 and Series 2) - Capital Improvements and Equipment - Not to Exceed $150,000,000] Sponsor: Mayor Resolution re-authorizing the execution and delivery of Tax-Exempt Lease Revenue Commercial Paper Certificates of Participation, Series 1 and Series 2, and Taxable Lease Revenue Commercial Paper Certificates of Participation, Series 1-T and Series 2-T, in an aggregate principal amount not to exceed $150,000,000 to finance the costs of the acquisition, construction, and rehabilitation of capital improvements and capital equipment approved by the Board of Supervisors and the Mayor; authorizing the delivery of an alternate credit facility in the total stated amount of $163,500,000; and approving and authorizing execution of a third supplement to trust agreement, a third amendment to site lease, a third amendment to sublease, a letter of credit and reimbursement agreement, a fee agreement, an offering memorandum, dealer agreements, and certain other related financing documents, and authorizing other related actions. (Fiscal Impact) Resolution No. 073-26 ADOPTED by the following vote: - Ayes: Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong ### File 260091: Tax Exempt and Taxable Lease Revenue Commercial Paper Certificates of Participation (Series 3 and Series 4) - Capital Improvements and Equipment - Not to Exceed $100,000,000 - Pages: 12 - Vote 1: adoption, likely final - Action: ertificates of Participation (Series 3 and Series 4) - Capital Improvements and Equipment - Not to Exceed $100,000,000] Sponsor: Mayor Resolution re-authorizing the execution and delivery of Tax-Exempt Lease Revenue Commercial Paper Certificates of Participation, Series 3 and Series 4, and Taxable Lease Revenue Commercial Paper Certificates of Participation, Series 3-T and Series 4-T, in an aggregate principal amount not to exceed $100,000,000 to finance the costs of the acquisition, construction, and rehabilitation of capital improvements and capital equipment approved by the Board of Supervisors and the Mayor; authorizing the maintenance of a liquidity facility in the total stated amount of $109,000,000; and approving and authorizing execution of a second supplement to trust agreement, a third amendment to site lease, a third amendment to sublease, an amended and restated revolving credit agreement, a revolving bank certificate, an amended and restated fee agreement, an offering memorandum, dealer agreements, and certain other related financing documents; and authorizing other related actions, as defined herein. (Fiscal Impact) Resolution No. 072-26 ADOPTED by the following vote: - Ayes: Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong ### File 260026: Memorandum of Understanding - Retroactive - Urban Areas Security Initiative - Pages: 12-13 - Vote 1: adoption, likely final - Action: 260026 [Memorandum of Understanding - Retroactive - Urban Areas Security Initiative] Sponsor: Mayor Resolution retroactively approving a Memorandum of Understanding (MOU) with the Cities of Oakland and San Jose and the Counties of Alameda, Contra Costa, Marin, Monterey, San Mateo, Santa Clara and Sonoma that provides governance structures and procedures for application, allocation and distribution of federal Urban Areas Security Initiative (UASI) grant funds to the Bay Area Urban Area, as well as for other Federal grant funds to the Bay Area Urban Area as permitted under the MOU; and continues San Francisco as the primary grantee and fiscal agent for UASI grant funds to the Bay Area Urban Area, as well as for other Federal grant funds to the Bay Area Urban Area as permitted under the MOU for the period December 1, 2025, through November 30, 2030. Resolution No. 079-26 ADOPTED by the following vote: - Ayes: Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong ## Extracted text ### [Page 12](https://sfbos.info/documents/1136/2026-02-24-minutes#page-12) Board of Supervisors Meeting Minutes 2/24/2026 260091 [Tax Exempt and Taxable Lease Revenue Commercial Paper Certificates of Participation (Series 3 and Series 4) - Capital Improvements and Equipment - Not to Exceed $100,000,000] Sponsor: Mayor Resolution re-authorizing the execution and delivery of Tax-Exempt Lease Revenue Commercial Paper Certificates of Participation, Series 3 and Series 4, and Taxable Lease Revenue Commercial Paper Certificates of Participation, Series 3-T and Series 4-T, in an aggregate principal amount not to exceed $100,000,000 to finance the costs of the acquisition, construction, and rehabilitation of capital improvements and capital equipment approved by the Board of Supervisors and the Mayor; authorizing the maintenance of a liquidity facility in the total stated amount of $109,000,000; and approving and authorizing execution of a second supplement to trust agreement, a third amendment to site lease, a third amendment to sublease, an amended and restated revolving credit agreement, a revolving bank certificate, an amended and restated fee agreement, an offering memorandum, dealer agreements, and certain other related financing documents; and authorizing other related actions, as defined herein. (Fiscal Impact) Resolution No. 072-26 ADOPTED by the following vote: Ayes: 11 - Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong Recommendation of the Government Audit and Oversight Committee 260026 [Memorandum of Understanding - Retroactive - Urban Areas Security Initiative] Sponsor: Mayor Resolution retroactively approving a Memorandum of Understanding (MOU) with the Cities of Oakland and San Jose and the Counties of Alameda, Contra Costa, Marin, Monterey, San Mateo, Santa Clara and Sonoma that provides governance structures and procedures for application, allocation and distribution of federal Urban Areas Security Initiative (UASI) grant funds to the Bay Area Urban Area, as well as for other Federal grant funds to the Bay Area Urban Area as permitted under the MOU; and continues San Francisco as the primary grantee and fiscal agent for UASI grant funds to the Bay Area Urban Area, as well as for other Federal grant funds to the Bay Area Urban Area as permitted under the MOU for the period December 1, 2025, through November 30, 2030. Resolution No. 079-26 ADOPTED by the following vote: Ayes: 11 - Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong City and County of San Francisco Page 153 Printed at 4:13 pm on 4/13/26