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File #: 211223    Version: 1 Name: Settlement of Lawsuit - Leadwell Global Property LLC - Stipulated Assessed Value of $152,600,000
Type: Ordinance Status: Passed
Introduced: 11/30/2021 In control: Clerk of the Board
On agenda: 11/30/2021 Final action: 2/18/2022
Enactment date: 2/18/2022 Enactment #: 022-22
Title: Ordinance authorizing settlement of the lawsuit filed by Leadwell Global Property LLC against the City and County of San Francisco for a stipulated assessed value of the real property located at 1 Nob Hill Circle, aka 999 California Street, San Francisco, CA (Assessor’s Parcel Block No. 0255, Lot No. 002) (the “Subject Property”) of $152,600,000 as of February 28, 2017, contingent upon the Assessment Appeals Board’s approval; the lawsuit was filed on June 26, 2020, in San Francisco Superior Court, Case No. CGC-20-585163; entitled Leadwell Global Property LLC v. City and County of San Francisco, et al.; the lawsuit involves the assessed value of the Subject Property for property tax purposes as of the February 28, 2017, change in ownership date.
Attachments: 1. Leg Ver1, 2. Comm Pkt 012022, 3. Board Pkt 020122, 4. Board Pkt 020822, 5. Leg Final
Legislation Details
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