https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2694215&GUID=FE35D8F3-4DA8-432E-A2A3-BD70AD9B1EA0Legistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2694215&GUID=FE35D8F3-4DA8-432E-A2A3-BD70AD9B1EA0FE35D8F3-4DA8-432E-A2A3-BD70AD9B1EA0-2022-04-03-07-40-03Title: Ordinance amending the Administrative Code to establish the Downtown Neighborhoods Preservation Fund; vacating a portion of Jessie Street and a portion of Elim Alley northwest of Mission and First Streets in connection with the Oceanwide Center Project at 50 First Street; approving and authorizing the sale and quitclaim of City's interest in the approximately 5,000 square foot vacation area for $22,619,000 plus an additional payment to the aforementioned Fund of approximately $13,000,000 for a total of approximately $36,000,000; authorizing the City’s Director of Property to execute an agreement for the sale of real estate for the vacated area by and between the City and Oceanwide Center, LLC; waiving approximately $27,000,000 of affordable housing fees under Planning Code, Sections 413 et seq. and 415 et seq., and requiring Oceanwide Center, LLC, as part of the agreement for the sale of real estate, to pay the equivalent fee amount to the aforementioned Fund; approving a vehicular and pedestrian easement and an overland water flow easement over a portion of Assessor's Parcel Block NSun, 03 Apr 2022 07:40:03 GMT