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File #: 200740    Version: 1 Name: Sale of Real Estate - Reservoir Community Partners, LLC - Balboa Reservoir - $11,400,000
Type: Resolution Status: Passed
Introduced: 7/7/2020 In control: Clerk of the Board
On agenda: Final action: 8/21/2020
Enactment date: 8/21/2020 Enactment #: 373-20
Title: Resolution approving and authorizing the execution of an Agreement for Sale of Real Estate for the conveyance by the City, acting through the San Francisco Public Utilities Commission (SFPUC), to Reservoir Community Partners, LLC of approximately 16.4 acres of real property in Assessor’s Parcel Block No. 3180, Lot No. 190, located near Ocean Avenue and Frida Kahlo Way, for $11,400,000; adopting findings under the California Environmental Quality Act; adopting findings that the conveyance is consistent with the General Plan, and the priority policies of Planning Code, Section 101.1; authorizing the Director of Property and/or the SFPUC’s General Manager to execute the Agreement for Sale of Real Estate and related documents for the sale of the property, including an Open Space License, Promissory Note, Deed of Trust, Amended and Restated Easement Agreement and Deed, Declaration of Restrictions, and Recognition Agreement; and authorizing the Director of Property and/or the SFPUC’s General Manager to make certain modifications, as described herein, and take certain actions in furtherance of this Resolution, as described herein.
Sponsors: Norman Yee
Attachments: 1. Leg Ver1, 2. DRAFT Purchase and Sales Agrmt, 3. PUC Reso No. 17-0225 111417, 4. MTAB Reso No. 200616-055 061620, 5. PUC Reso No. 20-0135 062320, 6. Public Correspondence, 7. Hearing Notice 072920, 8. PUC Affidavit 071720, 9. BLA Report 072920, 10. Comm Pkt 072920, 11. Form 126, 12. Post-Packet Correspondence, 13. Board Pkt 081120, 14. Leg Final
Legislation Details
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