OCII details $48M in CFD budgets and plans appropriation‑limit updates

OCII staff presented a workshop on Community Facilities District (CFD) budgets for FY2024–25, describing a combined CFD program of roughly $48 million across seven CFDs covering Mission Bay, Hunters Point Shipyard/Candlestick Point and an inactive South Beach area.

"This is a presentation about our fiscal 24, 25 community facilities district budget," Mina Yu said in the CFD workshop.

Staff outlined the different CFD types and uses: maintenance CFDs that cover landscaping, janitorial, security and utilities; infrastructure CFDs used for debt service and reimbursement of on‑site infrastructure; and limits on moving funds between separate CFDs. Examples presented included CFD 1 (Rincon/South Beach maintenance) with a projected total around $522,000 including capital repairs, and CFD 6 (Mission Bay South infrastructure) budgeting approximately $29.8 million with an $18 million fund balance to reduce reliance on tax increment.

Lila Hussain summarized Shipyard CFDs: CFD 7 (phase 1 infrastructure reimbursements to the master developer), CFD 8 (Hilltop maintenance with contingency and planned transfer to Rec Park), and CFD 9 (small Candlestick annex with no completed infrastructure yet). Staff emphasized that reimbursements under developer DDAs require certification by Public Works and follow specified DDA procedures.

Jim Morales walked commissioners through the constitutional and statutory framework for establishing appropriation limits (the Gann/CAN limit), explaining the legal requirement to adopt an annual appropriation limit for CFDs and that the actual levy rates are voter‑set and cannot be increased without returning to voters. Morales said staff will present appropriation limits and a levy resolution for commission action in June and determine the final CFD levies in August 2024.

What’s next: staff will return with CFD budgets as an action item on April 16, with appropriation‑limit and final levy items scheduled later in the fiscal cycle.