Share to Facebook Share to Twitter Bookmark and Share
File #: 170473    Version: 1 Name: Real Property Agreements - Eddy & Taylor Associates, L.P. - 210 Taylor Street - Purchase and Sale of Real Estate and Ground Lease - $10,600,000 Purchase Price and $15,000 Annual Base Rent
Type: Resolution Status: Passed
Introduced: 4/25/2017 In control: Clerk of the Board
On agenda: Final action: 6/9/2017
Enactment date: 6/9/2017 Enactment #: 215-17
Title: Resolution approving and authorizing the execution and performance of an Agreement of Purchase and Sale of Real Estate in connection with the acquisition of a parcel located at 210 Taylor Street (Assessor’s Parcel Block No. 0331, Lot No. 028) (“the Property”), for $10,600,000 authorizing a long term, 87 years, with a 12 year extension option Ground Lease of the Property for $15,000 annual base rent with Eddy & Taylor Associates, L.P., to construct a 100% affordable, 113-unit multifamily rental housing development for low-income households and formally homeless families and a commercial shell for a 5,677 square foot commercial space; adopting findings that the conveyance and lease are consistent with the California Environmental Quality Act, the General Plan, and the priority policies of Planning Code, Section 101.1; and authorizing and directing the Director of Property and Director of the Mayor's Office of Housing and Community Development to execute documents, make certain modifications, and take certain actions in furtherance of this Resolution.
Sponsors: Mayor, Jane Kim
Attachments: 1. Leg Ver1, 2. Ground Lease, 3. Purchase Agrmt, 4. PLN Memo 121516, 5. PLN Memo 022217, 6. Bdgt Analyst Rpt 051817, 7. Comm Pkt 051817, 8. Form 126, 9. Form 126 Attachment, 10. Board Pkt 060617, 11. Leg Final
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.