Resolution amending the City’s 10-year capital expenditure plan for Fiscal Years (FYs) 2026-2035 to amend the proposed government obligation bond program.

This resolution amends the City's 10-year capital expenditure plan (FYs 2026-2035) to adjust the proposed general obligation bond program. Key changes include:

• Consolidating transportation projects into the Earthquake Safety & Emergency Response (ESER) bond.
• Increasing the ESER Bond amount to $535,000,000 for the June 2026 election.
• Modifying the Parks and Open Space Bond to $250,000,000 for the March 2028 election.
• Adjusting the planned election date for the Waterfront Safety & Climate bond to November 2028.

The Capital Planning Committee unanimously approved these changes, which aim to improve project delivery, administrative efficiency, and consolidate earthquake safety improvements.

This amendment shifts the timing and amounts of future bond measures. Residents will vote on a larger $535 million ESER bond in June 2026 and a modified $250 million Parks bond in March 2028, impacting future property taxes and the funding for critical infrastructure projects.

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