File #: 231098    Version: 1 Name: Hearing - Initiative Ordinance - Business and Tax Regulations, Planning Codes - Transfer Tax Exemption for Conversion to Residential Use; Office Development Allocations
Type: Hearing Status: Filed
Introduced: 10/17/2023 In control: Rules Committee
On agenda: Final action: 11/13/2023
Enactment date: Enactment #:
Title: Hearing to consider the proposed Initiative Ordinance submitted by the Mayor to the voters for the March 5, 2024, Election, entitled "Ordinance amending the Business and Tax Regulations Code to exempt from the real property transfer tax the first transfer of property that has been converted from nonresidential to residential use and to authorize the Board of Supervisors to amend or repeal any aspect of the real property transfer tax, including adopting additional exemptions from the tax, without voter approval to the extent constitutionally permitted; and amending the Planning Code to allow square footage of office space that is converted to non-office use or demolished to be available for allocation to office developments of at least 50,000 square feet in gross floor area, and to allow demolished office space that is preexisting on a site to be deducted from the required allocation for an office development on that same site."
Sponsors: Mayor
Attachments: 1. Initiative Ordinance, 2. Referral FYI 102323, 3. CON Referral 102323, 4. CEQA Referral 102323, 5. CEQA Response 102423, 6. Comm Pkt 111323, 7. CON Analysis 111023, 8. Mayor Presentation 111323, 9. Public Corr 111323, 10. Transmittal to Elections 112023
Legislation Details
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