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File #: 170422    Version: Name: Real Property Acquisition - 145-165-11th Street, 973 Minna Street, and 964 Natoma Street - Recreation and Park Department - $9,725,000
Type: Resolution Status: Passed
Introduced: 6/6/2017 In control: Clerk of the Board
On agenda: Final action: 7/7/2017
Enactment date: 7/7/2017 Enactment #: 261-17
Title: Resolution approving and authorizing an agreement for the City’s acquisition of five parcels of improved real estate, consisting of approximately 19,500 square feet in land area, including the assumption of certain existing leases, from Ares Commercial Properties, Inc., for $9,725,000; placing the property under the jurisdiction of the Recreation and Park Department, and authorizing the use of revenues from the property for property-related costs and future park planning; adopting findings under the California Environmental Quality Act for the acquisition, but requiring any future park conversion project to be subject to the review and approval of the Recreation and Park Commission following environmental review; adopting findings that the conveyance is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Director of Property to execute documents, make certain modifications, and take certain actions in furtherance of the purchase agreement and this Resolution.
Sponsors: Jane Kim
Attachments: 1. Leg Ver1, 2. DRAFT Agrmt 030817, 3. Gen Plan Ref 040417, 4. Form 126, 5. Leg Ver2, 6. RPC Reso No. 1608-006, 7. Comm Pkt 061517, 8. PLN Memo 061317, 9. Bdgt Analyst Rpt 061517, 10. Board Pkt 062717, 11. Leg Final
Legislation Details
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