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File #: 171204    Version: 1 Name: Ground Lease - 1296 Shotwell Housing, L.P. - 1296 Shotwell Street - $15,000 Annual Base Rent
Type: Resolution Status: Mayors Office
Introduced: 11/14/2017 In control: Budget and Finance Committee
On agenda: Final action: 12/12/2017
Enactment date: Enactment #:
Title: Resolution approving and authorizing a long term Ground Lease with 1296 Shotwell Housing, L.P., on City owned land at 1296 Shotwell Street for a term of 75 years with one 24-year option to extend, and with an annual base rent of $15,000 in order to construct a 100% affordable, 94-unit multifamily rental housing development for low-income seniors and formally homeless seniors; adopting findings that the Ground Lease is consistent with the California Environmental Quality Act, the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing the Director of Property and Acting Director of MOHCD to execute documents, make certain modifications, and take certain actions in furtherance of this Resolution, as defined herein.
Sponsors: Hillary Ronen
Attachments: 1. Leg Ver1, 2. DRAFT Ground Lease, 3. Appraisal 100417, 4. Preliminary Title Rpt 081817, 5. GP Referral 032017, 6. MOHCD Ltr 110817, 7. Form 126, 8. Bdgt Analyst Rpt 120717, 9. Comm Pkt 120717, 10. Board Pkt 121217
Legislation Details
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