The City and County of San Francisco Board of Supervisors adopted an ordinance authorizing the execution and delivery of tax-exempt or taxable Certificates of Participation (COPs), in an aggregate principal amount not to exceed $65,000,000. These COPs will finance and refinance various capital improvement projects outlined in the City's Capital Plan, primarily focusing on street resurfacing and curb ramp improvements. The ordinance also approves a Supplement to Trust Agreement and associated Property and Project Leases between the City and U.S. Bank Trust Company, National Association, as Trustee. The Controller or Director of Public Finance is authorized to sell the Certificates competitively or through negotiation. The proceeds will fund projects, a debt service reserve, and cover issuance costs. Specific projects for FY2025-26 include $23,000,000 for street resurfacing and $2,000,000 for curb ramps, with similar allocations for FY2026-27.