File #: 170213    Version: Name: Purchase and Sale Agreement - SF Prosperity 2, LLC - 1660 Mission Street and 1680 Mission Street - $52,000,000
Type: Resolution Status: Passed
Introduced: 2/28/2017 In control: Clerk of the Board
On agenda: Final action: 3/30/2017
Enactment date: 3/30/2017 Enactment #: 094-17
Title: Resolution approving a purchase and sale agreement by and between the City and County of San Francisco and SF Prosperity 2, LLC, for the sale of City-owned properties located at 1660 Mission Street and 1680 Mission Street for $52,000,000; including a City lease-back at an annual rent expense of $3,362,220 increasing by 3% per year for each year after the initial period, with rent to be set at the then fair market rental value prior to the beginning of each extension option exercised, if any, for a period of not more than three years in the initial term, with two one-year options to extend; affirming the Planning Department’s determination under the California Environmental Quality Act; and adopting findings that the sale is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Agrmt 022717, 3. Planning GP Ref 022717, 4. Form 126, 5. Bdgt Analyst Rpt 031617, 6. Comm Pkt 031617, 7. Leg Ver2, 8. PPt Presentation 031617, 9. Board Pkt 032117, 10. Post Pkt Material - Presentation 032117, 11. Form 126 Final, 12. Leg Final
Related files: 170201, 170464
Legislation Details
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