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File #: 181007    Version: 1 Name: Ground Lease - 1950 Mission Housing Associates, LP - 1950 Mission Street - $15,000 Annual Base Rent
Type: Resolution Status: Passed
Introduced: 10/16/2018 In control: Clerk of the Board
On agenda: Final action: 11/20/2018
Enactment date: 11/20/2018 Enactment #: 398-18
Title: Resolution approving and authorizing a long term Ground Lease with 1950 Mission Housing Associates, LP, on City owned land at 1950 Mission Street (“Property”) for a term of 75 years, to commence following approval by the Board of Supervisors, with one 24-year option to extend, and with an annual base rent of $15,000 in order to construct a 100% affordable, 155-unit multifamily rental housing development (plus two staff units) for low-income persons (“Project”); 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 the 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, as defined herein.
Sponsors: Mayor, Hillary Ronen
Attachments: 1. Leg Ver1, 2. DRAFT Ground Lease, 3. General Plan Referral 012814, 4. PLN GP Note to File 101018, 5. Request for Proposal 0315, 6. Form 126, 7. BLA Rpt 110118, 8. Comm Pkt 110118, 9. Board Pkt 111318, 10. r0398-18.pdf
Legislation Details
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