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File #: 160322    Version: 1 Name: Ground Lease Amendment - 1555 Turk Street - Laurel Gardens of Bethel A.M.E. Church, L.P. - Up to $950,000 per Year, Including Mandatory $15,000 per Year Base Rent
Type: Resolution Status: Passed
Introduced: 4/5/2016 In control: Clerk of the Board
On agenda: Final action: 5/6/2016
Enactment date: 5/6/2016 Enactment #: 155-16
Title: Resolution authorizing the execution and performance of an amendment to a Long-Term Ground Lease of 99 years in length between the City and County of San Francisco and Laurel Gardens of Bethel A.M.E. Church, L.P., a California limited partnership, for real property located at 1555 Turk Street, in connection with the refinancing and rehabilitation of 52 units of affordable housing for low and very low income individuals and families, for an annual rent amount of up to $950,000 per year, including a mandatory $15,000 per year base rent.
Sponsors: London N. Breed
Attachments: 1. Leg Ver1, 2. Lease, 3. Lease Amend No. 1, 4. Appraisal Rpt 031716, 5. MOHCD Ltr 040416, 6. Bdgt Analyst Rpt 042016, 7. Comm Pkt 042016, 8. Board Pkt 042616, 9. Leg Final
Related files: 981691, 981559
Legislation Details
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