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File #: 120572    Version: 1 Name: Real Property Acquisition, Ground Lease Agreement - Construction of Affordable Housing - MERCY HOUSING CALIFORNIA XLIV - 1180-4th Street
Type: Resolution Status: Passed
Introduced: 5/22/2012 In control: Board of Supervisors
On agenda: Final action: 6/18/2012
Enactment date: 6/18/2012 Enactment #: 224-12
Title: Resolution: 1) authorizing the Mayor’s Office of Housing as Successor Housing Agency to the Redevelopment Agency to exercise an Agency Purchase Option for Block No. 8711, Lot No. 14, also known as 1180-4th Street located within the Mission Bay South Redevelopment Project Area pursuant to that certain Mission Bay South Owner Participation Agreement and Memorandum of Option between the Redevelopment Agency and FOCIL-MB, LLC; 2) approving and authorizing a long term ground lease to MERCY HOUSING CALIFORNIA XLIV, a California limited partnership, for a term of 75 years with a 24 year extension option, under San Francisco Charter Section 9.118, for the development and operation of affordable housing; and 3) making findings that the acquisition and lease is in conformance with CEQA, the City’s General Plan, and the priority policies of Planning Code Section 101.1.
Sponsors: Jane Kim
Attachments: 1. Legislation_Ver1, 2. Form_126, 3. Comm_Packet_060412, 4. Legislation_Ver2, 5. Board_Packet_061212, 6. Legislation_Final
Legislation Details
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