The People’s Business – February 23, 2026
Councilmembers will consider dedicating land to build the 450-foot Fenton Parkway Bridge which will cross the San Diego River in Mission Valley. They’ll also vote on the first of parts of the Preservation and Progress Package, which is a comprehensive update to the City’s Heritage Preservation Program.
From the Office of Council President Joe LaCava
City Council Meeting – February 24, 2026 – 10 a.m.
10 a.m. – Proclamations, Consent Agenda, Non-agenda Public Comment
2 p.m. – Informational Items, Discussion Items, Public Facilities Financing Authority
Proclamations
The following proclamations will be considered by Councilmembers:
Item 30 – Teen Dating Violence Awareness and Prevention Month
Item 31 – Mira Mesa Little League Opening Day
Item 32 – Cecelia Moreno Day
Consent Agenda
There are 21 items on the Consent Agenda including reappointment to the Planning Commission and an agreement with the California Department of Housing and Community Development for grant funding.
Discussion Items — to be heard at the 2 p.m. session
Item 330 – Authorization for the Public Facilities Financing Authority of the City of San Diego Water Revenue Bond
See item FA 1.
Item 331 – Dedication of City-Owned Land for the Fenton Parkway Bridge
This item would dedicate and convey to the Transportation Department 2.04 acres of Assessor’s Parcel Numbers (APN) 433-250-28 & 433-250-32 for the construction of the approximately 450-foot Fenton Parkway Bridge to provide vehicular, bicycle & pedestrian connection across the San Diego River.
In December 2022, the City & SDSU entered a Memorandum of Understanding (MOU) regarding the design, environmental review, permitting and potential construction of the Fenton Parkway Bridge, inclusive of bridge abutments, associated stormwater infrastructure, and necessary infrastructure connections.
The Bridge has been contemplated in the City’s long-range planning documents for the Mission Valley community for more than 30 years. Under the MOU, SDSU will design & construct the Bridge to the City Transportation Department design standards.
Upon all necessary predevelopment processes being completed, SDSU will commence with construction of the Bridge, as stated in the MOU. After construction has been completed, SDSU will maintain the Bridge for a 5-year period.
Item 332 – Preservation and Progress Package A
This item requests the approval of Preservation and Progress Package A, which is part of a comprehensive update to the City’s Heritage Preservation Program.
Preservation and Progress is a comprehensive update to the City's Heritage Preservation Program that will streamline processes for new homes and other uses while protecting places of historic, architectural and cultural importance and encouraging their adaptive reuse. It has been over two decades since the City’s established Heritage Preservation Program was comprehensively updated.
Over that period of time, best practices within the field of historic preservation have changed, including the importance of acknowledging harmful past practices in zoning and preservation, their lasting impacts, and how we can build a more inclusive and equitable heritage preservation program that serves everyone. Other significant changes that affect the heritage preservation program include a local and statewide housing crisis, and the adoption of many State and local laws aimed at addressing it.
Preservation and Progress will be processed in two packages of amendments. Package A includes items that are not significantly complex and that do not involve amendments to the Historical Resources Regulations or Historical Resources Guidelines, as any amendments need to be addressed more comprehensively.
Public Facilities Financing Authority Agenda
Item FA 1 – Authorization of the Public Facilities Financing Authority of the City of San Diego Water Revenue Bonds
Resolution approving and authorizing the issuance and sale of one or more series of water revenue bonds (a) in an aggregate amount not-to-exceed $150,000,000 to finance or refinance additional capital improvements to the Water System, pay Subordinated Water Revenue Commercial Paper Notes in an amount sufficient to refund certain outstanding subordinated water revenue bonds to achieve debt service savings.
Under market conditions as of January 21, 2026, the refunding of the 2016A Water Revenue Bonds and the 2016B Water Revenue Bonds would provide net present value savings of 13%, equaling $46.4 million in total estimated debt service savings. The estimated borrowing rate for the CP Notes paydown is 4.23% to borrow $150 million, and the average annual debt service (i.e., cost) is estimated to be approximately $8.8 million for FYs 2028 – 2057, with $4.3 million in the first year, FY 2027.
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