Infrastructure financing districts: City and County of San Francisco.

Existing law authorizes the City and County of San Francisco to create infrastructure financing districts, including districts that include specified waterfront property, adopt infrastructure financing plans for those districts, and issue bonds financed by projected increases in ad valorem property taxes to fund certain public facilities, pursuant to a specified procedure. Existing law specifies the types of projects a waterfront district may finance. This bill would revise those provisions by, among other things, expanding the authorization for the creation of waterfront districts by the City and County of San Francisco to include a shoreline protection district, as defined, subject to a shoreline protection enhanced financing plan, as provided. The bill would also expand the types of projects a waterfront district may finance, as specified. The bill would require the proposed infrastructure financing plan for a shoreline protection district to be mailed to, among others, the Director of Finance and the Secretary of the Natural Resources Agency. Existing law authorizes the adoption of infrastructure financing plans for special waterfront districts that include the waterfront area in the City and County of San Francisco designated as the America's Cup venues, and the use of specified tax revenues produced in the districts for, among other things, the construction of the Port of San Francisco's maritime facilities at Pier 27 and improvement of publicly held waterfront lands used as viewing sites, as provided. This bill would repeal that authorization. This bill would make legislative findings and declarations as to the necessity of a special statute for the City and County of San Francisco.