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File #: 180683    Version: Name: Port Ground Lease and Port/Mayor’s Office of Housing and Community Development Memorandum of Understanding - 88 Broadway Family, L.P. - 735 Davis Street - Seawall Lot 322-1 - $20,000 Annual Base Rent
Type: Resolution Status: Passed
Introduced: 6/26/2018 In control: Clerk of the Board
On agenda: Final action: 8/2/2018
Enactment date: 8/2/2018 Enactment #: 264-18
Title: Resolution adopting the Mitigation Monitoring and Reporting Program under the California Environmental Quality Act for an affordable housing project at Seawall Lot 322-1 (the “Port Property” or the “Development”) along with an affordable housing project on city-owned property at 735 Davis Street (collectively, the “Project”); affirming the Port Commission’s Public Trust findings; adopting findings that the Project is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and approving and authorizing the execution of a Ground Lease for the Property with 88 Broadway Family, L.P. (“Lease”) with an annual base rent of $20,000 for a term of 57 years with a 18-year extension option for the development and operation of 124 affordable rental housing units, one manager housing unit, and ancillary ground level uses, and a Memorandum of Understanding between the Port and the Mayor’s Office of Housing and Community Development for payment of fair market value for the Port Property and other interdepartmental coordination; and authorizing and directing the Executive Director of the Port of San Francisco and the Director of the Mayor’s Office of Housing and Community Development to execute documents and take necessary actions to implement this Resolution, as defined herein.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Leg Ver2, 3. Dev Schematic Design 022618, 4. DRAFT Ground Lease, 5. DRAFT Option Agrmt, 6. DRAFT MOU, 7. PLN GPR 061518, 8. HPC Motion No. 335 040418, 9. PLN Mit Neg Dec 022718, 10. Cert of Appropriateness 030918, 11. Form 126, 12. Budget Analyst Rpt 071218, 13. Port Reso. No. 18-42, 14. MMRP, 15. Comm Pkt 071218, 16. Board Pkt 072417, 17. Leg Final
Legislation Details
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