Treasure Island Financing District Expansion

At a glance

  • What: Adding territory to Infrastructure and Revitalization Financing District No. 1 (Treasure Island) and authorizing bonds there.
  • Where it stands: Election result declared, bonds authorized and annexation ordinance first read September 29, 2026; ordinance finally passed October 6.
  • Next: Done.

Details

  • File No. 260556: Clerk Calvillo told the Board that the Director of Elections reported on September 28 that the landowner ballot measures for annexing territory were canvassed and 100% of qualified electors voted in favor. Resolution adopted 11-0.
  • File No. 260557: ordinance adding territory as new project areas and adopting an annexation supplement to the Amended and Restated Infrastructure Financing Plan. First reading September 29: 11-0. Final passage October 6 (consent): 11-0.
  • File No. 260558: resolution modifying Resolution No. 7-17 to authorize bond issuance for the district and its project areas. Adopted September 29: 11-0.
  • A related item on October 20 (File No. 261024, adopted 9-0) extended the Navy master lease for Treasure Island land and structures by one year, to November 30, 2027 (Amendment No. 51).

Sources

Log

2026-10-06 - Board of Supervisors

Consent agenda; ordinance FINALLY PASSED, 11-0.

2026-09-29 - Board of Supervisors

Results declared; ordinance first reading; bond resolution adopted; all 11-0.