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File #: 190420    Version: 1 Name: Acquisition of Real Property - 814-820 Bryant Street and 470-6th Street; $11,520,000 Certificates of Participation and Commercial Paper Notes - Not to Exceed $16,000,000
Type: Resolution Status: Passed
Introduced: 4/16/2019 In control: Clerk of the Board
On agenda: Final action: 5/14/2019
Enactment date: 5/14/2019 Enactment #: 225-19
Title: Resolution authorizing the Director of the Real Estate Division to acquire real property located at 814-820 Bryant Street and 470-6th Street, from Wen-Chiao Wayne Lin and Mei-Huei Grace Lin as to an undivided 60% interest, and Tony Chih-Tung Lin and Jenny Chun-Hsing Lin as to an undivided 40% interest, to facilitate the replacement of the Hall of Justice known as the Justice Facilities Improvement Program, for the purchase price of $11,520,000; authorizing the Controller to cause the execution and delivery of taxable or tax-exempt Certificates of Participation evidencing and representing an aggregate principal amount not to exceed $16,000,000 to finance the costs of the acquisition of said real property, including demolition and related site preparation costs; authorizing the Controller to cause the issuance from time to time of the City’s commercial paper notes in anticipation of the execution and delivery of said Certificates of Participation; 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 Controller and the Director of Property to execute such documents and take necessary actions in furtherance of this Resolution, as defined herein.
Sponsors: Mayor, Matt Haney, Aaron Peskin
Attachments: 1. Leg Ver1, 2. PLN GPR 041119, 3. DRAFT Agrmt of Purch and Sale, 4. Form 126, 5. BLA Rpt 050119, 6. Comm Pkt 050119, 7. Board Pkt 050719, 8. Form 126 Final, 9. Leg Final
Legislation Details
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