Cancellation of old improvement authorizations (Res. 26-747)
At a glance
What: Resolution 26-747 cancels $52,266,000 of improvement authorizations under Ordinance 18-113; Resolution 26-746 cancels $250,000 of the Ordinance 23-050 authorization for 68-74 Sip Avenue.
Where it stands: On the November 12 agenda; outcome not yet recorded.
2026-11-09 - Municipal Caucus - Caucus: finance explained two cancellations. Resolution 26-746 cancels $250,000 in excess authorization for a property acquisition completed for less than authorized (originally $17.2 million, financed with bond anticipation notes maturing July 2027); members discussed the property's future and asked for a memo from the redevelopment agency. Resolution 26-747 cancels $52,266,000 in authorizations transferred to the redevelopment agency in 2021 (Bayfront phase one), with no budget impact.