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File #: 200615    Version: Name: Lease Agreement and Sublease Agreement - 833 Bryant, L.P. - 833 Bryant Street - Permanent Supportive Housing - Annual Rent Not to Exceed $2,014,800
Type: Resolution Status: Passed
Introduced: 6/9/2020 In control: Clerk of the Board
On agenda: Final action: 7/3/2020
Enactment date: 7/3/2020 Enactment #: 288-20
Title: Resolution approving a building Lease Agreement and Sublease Agreement each by and between the City and 833 Bryant, L.P., a California limited partnership as the developer and housing provider (“Housing Provider”) to provide permanent supportive housing units for chronically homeless households in San Francisco (as referred through the City’s Coordinated Entry System) through the lease and concurrent sublease of a building consisting of 145 units, one manager’s unit, approximately 650 square feet of commercial space, and ancillary program space located at 833 Bryant Street, for an initial 30-year term, with an extension of up to ten years in the event of the occurrence of certain rent abatement events, subject to and will commence after Housing Provider’s satisfaction in the event of the occurrence of certain conditions described below, securing a temporary certificate of occupancy from the San Francisco Department of Building Inspection, anticipated in August 2021, at a not to exceed rent of $2,014,800 annually; authorizing the execution of a Continuing Disclosure Certificate with respect to any bonds issued by the Housing Provider; finding the proposed transaction is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and adopting California Environmental Quality Act findings.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. DRAFT Lease Agmt, 3. DRAFT Sublease Agmt, 4. DRAFT Bond Purchase Agmt, 5. Appendix A, 6. DRAFT City Continuing Disclosure Certificate, 7. DRAFT Preliminary Official Statement, 8. PLN General Plan Ref 040120, 9. HSH Ltr 060920, 10. Form 126, 11. BLA Report 062420, 12. Comm Pkt 062420, 13. PPt Presentation 062420, 14. Leg Ver2, 15. Board Pkt 063020, 16. Leg Final
Legislation Details
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