# 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 251246: Hotel Development Incentive Agreement - Bespoke Hospitality, LLC - Hearst Hotel Development Project - 5 Third Street and 17-29 Third Street - Not to Exceed $40,000,000 in Net Present Value - Pages: 6-7 - Vote 1: final-passage, likely final - Action: Project - 5 Third Street and 17-29 Third Street - Not to Exceed $40,000,000 in Net Present Value] Sponsors: Mayor; Dorsey Ordinance approving a Hotel Development Incentive Agreement between the City and County of San Francisco and Bespoke Hospitality, LLC for the Hearst Hotel Development Project, to provide financial assistance not to exceed $40,000,000 in net present value over 20 years calculated for measurement purposes only as a percentage of new Transient Occupancy Taxes the City actually receives from occupancy of guest rooms in a proposed new hotel, related to the development and operation of a project on certain real property known as 5 Third Street and 17-29 Third Street; waiving Chapter 21G of the Administrative Code and certain sections of the Labor and Employment Code; ratifying past actions and authorizing future actions in furtherance of this Ordinance; making findings under the California Environmental Quality Act; and making findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1. (Fiscal Impact) (Supervisors Chan and Fielder voted No on First Reading.) Ordinance No. 026-26 FINALLY PASSED by the following vote: - Ayes: Chen, Dorsey, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong - Noes: Chan, Fielder ### File 251248: Appropriation - Port Harbor Fund - Port - Fund Balance for Stabilization and Removal of Dry Dock - $18,500,000 - FY2025-2026 - Pages: 7 - Vote 1: first-reading - Action: 251248 [Appropriation - Port Harbor Fund - Port - Fund Balance for Stabilization and Removal of Dry Dock - $18,500,000 - FY2025-2026] Sponsor: Mayor Ordinance appropriating $18,500,000 of Fund Balance from the Port Harbor Fund to the Port of San Francisco (PRT) for stabilization and disposal of dry docks and other shipyard improvements and safety measures in Fiscal Year (FY) 2025-2026. (Fiscal Impact) PASSED ON FIRST READING by the following vote: - Ayes: Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong ### File 260085: Appropriation - General Reserve - Municipal Transportation Agency - Portsmouth Square Garage Parking and Transit Fares - $311,269 - FY2025-2026 - Pages: 7 - Vote 1: first-reading - Action: 260085 [Appropriation - General Reserve - Municipal Transportation Agency - Portsmouth Square Garage Parking and Transit Fares - $311,269 - FY2025-2026] Sponsors: Chan; Chen, Sauter and Mandelman Ordinance appropriating $311,269 from the General Reserve to the Municipal Transportation Agency to support free one-hour parking in the Portsmouth Square Parking Garage from February 8 through March 8, 2026, and transit fares for the Lunar New Year Parade on March 7, 2026, of Fiscal Year (FY) 2025-2026. (Fiscal Impact) PASSED ON FIRST READING by the following vote: - Ayes: Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong ### File 251184: Adopting a Fixed Two-Year Budget in Multiple City Departments, Fiscal Years 2026-2027 and 2027-2028 - Pages: 7-8 - Vote 1: adoption, likely final - Action: 251184 [Adopting a Fixed Two-Year Budget in Multiple City Departments, Fiscal Years 2026-2027 and 2027-2028] Sponsor: Mayor Resolution adopting a fixed two-year budgetary cycle for the following City departments: Airport, Port, and Public Utilities Commission for Fiscal Years 2026-2027 and 2027-2028; and defining terms and setting deadlines. Resolution No. 083-26 ADOPTED by the following vote: - Ayes: Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong ## Extracted text ### [Page 7](https://sfbos.info/documents/1136/2026-02-24-minutes#page-7) Board of Supervisors Meeting Minutes 2/24/2026 NEW BUSINESS Recommendations of the Budget and Finance Committee 251248 [Appropriation - Port Harbor Fund - Port - Fund Balance for Stabilization and Removal of Dry Dock - $18,500,000 - FY2025-2026] Sponsor: Mayor Ordinance appropriating $18,500,000 of Fund Balance from the Port Harbor Fund to the Port of San Francisco (PRT) for stabilization and disposal of dry docks and other shipyard improvements and safety measures in Fiscal Year (FY) 2025-2026. (Fiscal Impact) PASSED ON FIRST READING by the following vote: Ayes: 11 - Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong 260085 [Appropriation - General Reserve - Municipal Transportation Agency - Portsmouth Square Garage Parking and Transit Fares - $311,269 - FY2025-2026] Sponsors: Chan; Chen, Sauter and Mandelman Ordinance appropriating $311,269 from the General Reserve to the Municipal Transportation Agency to support free one-hour parking in the Portsmouth Square Parking Garage from February 8 through March 8, 2026, and transit fares for the Lunar New Year Parade on March 7, 2026, of Fiscal Year (FY) 2025-2026. (Fiscal Impact) PASSED ON FIRST READING by the following vote: Ayes: 11 - Chan, Chen, Dorsey, Fielder, Mahmood, Mandelman, Melgar, Sauter, Sherrill, Walton, Wong 251184 [Adopting a Fixed Two-Year Budget in Multiple City Departments, Fiscal Years 2026-2027 and 2027-2028] Sponsor: Mayor Resolution adopting a fixed two-year budgetary cycle for the following City departments: Airport, Port, and Public Utilities Commission for Fiscal Years 2026-2027 and 2027-2028; and defining terms and setting deadlines. Resolution No. 083-26 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 148 Printed at 4:13 pm on 4/13/26