bond payments

Some S.F. Leaders Want Failing Streetlights Added to Seismic Safety Bond

Josh Wolf, San Francisco Public Press — Jan 29 2014 - 2:26pm

A $400 million bond to improve emergency-response services and other public safety infrastructure in San Francisco will be on the June ballot, but Supervisor Scott Wiener said the bond should be expanded to fix hundreds of streetlights that have fallen into disrepair. The bond would include $70 million to repair and retrofit fire stations, $30 million for improvements to police stations and $65 million toward the construction of a new seismically sound medical examiner facility. It would also include $70 million in upgrades to the city’s alternative water supply system used to fight fires and $165 million for a new police building for traffic and forensic services. The proposal is the second in a series of Earthquake Safety and Emergency Response bonds that the city has proposed in order to cover the costs associated with retrofiting buildings and other infrastructure in preparation for a large earthquake.

End of redevelopment agencies traps billions in local government loans

Kendall Taggart, California Watch — Feb 2 2012 - 10:17pm

More than 400 redevelopment agencies have been officially shuttered, leaving a trail of uncertainty – and a potentially staggering debt load. Across the state, cities and counties have loaned more than $4 billion to their redevelopment agencies over the past few decades, but according to the law governing how agencies will be dissolved, they may not be able to recover that money.

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