https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6342884&GUID=CF69398F-10A7-4D55-91B8-A546D54F6401Legistar15https://sfgov.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=6342884&GUID=CF69398F-10A7-4D55-91B8-A546D54F6401CF69398F-10A7-4D55-91B8-A546D54F6401-2025-02-21-21-33-13Title: Resolution 1) approving and authorizing the Director of Property, on behalf of the Department of Homelessness and Supportive Housing, to acquire certain property located at 42 Otis Street (“Property”) for $14,200,000 plus an estimated $40,000 for typical closing costs, for a total anticipated amount of $14,240,000; 2) approving and authorizing an Agreement of Purchase and Sale for Real Estate for the acquisition of the Property from Costanoan LLC (“Purchase Agreement”), which includes a liquidated damages clause of up to $420,000 in case of default by the City; 3) authorizing the Director of Property to execute the Purchase Agreement, make certain modifications, and take certain actions in furtherance of this Resolution and the Purchase Agreement, as defined herein; effective upon approval of this Resolution; 4) affirming the Planning Department’s determination under the California Environmental Quality Act; and 5) adopting the Planning Department’s findings that the Purchase Agreement, and the transaction contemplated therein, is consistent with the General Plan, and the eight priorFri, 21 Feb 2025 21:33:13 GMT