The Board of Supervisors created the Authority to plan and administer new development on Treasure Island and Yerba Buena Island for economic development, housing, and planning and public trust purposes.

The Ordinance acknowledges TIDA's acceptance of certain improvements on portions of Yerba Buena Island and Treasure Island, dedicating these improvements to public use, and adopting Public Works Order No. 208838 which recommends acceptance of these improvements.

The improvements, including the ferry terminal, are accepted by TIDA for maintenance and liability purposes, and dedicated to public use, affecting the jurisdiction over the Authority Assets and enabling further development and use of the areas.

The Ordinance is set to ensure those improvements are in line with the California Environmental Quality Act, General Plan, and the eight priority policies of Planning Code Section 101.1, promoting orderly development and public benefit.

The Board of Supervisors acknowledges TIDA's jurisdiction over the Authority Assets, delegates the power to accept ownership of the related offers, and dedicates the Authority Assets to public use subject to conditions listed in Section 3(d) and (e) of the Ordinance.

The Mayor, Clerk of the Board of Supervisors, PW Director, and the Authority’s Executive Director are authorized and directed to effectuate the purpose and intent of the Ordinance, including assignment of all warranties and guaranties related to the Authority Assets.