File #: 231278    Version: 1 Name: Declaration of Restrictions - ARE-SAN FRANCISCO NO. 15 OWNER, LLC - 1450 Owens Street - Initial Annual Payment to City $72,000
Type: Resolution Status: Passed
Introduced: 12/12/2023 In control: Clerk of the Board
On agenda: Final action: 2/9/2024
Enactment date: 2/9/2024 Enactment #: 037-24
Title: Resolution approving a Declaration of Restrictions with the ARE-SAN FRANCISCO NO. 15 OWNER, LLC (“Owner) to establish a no-build zone on a portion of property owned by the City and County of San Francisco, adjacent to the Owner’s property at 1450 Owens Street, intended for future public park uses, providing for annual payments in the initial amount of $72,000 with 3% annual increases, to the City from Owner in exchange for such restrictions for term effective on January 1, 2024, through in perpetuity unless terminated by the City, as defined in the Declaration of Restrictions; and authorizing the Director of Property to execute any amendments, make certain modifications and take certain actions that do not materially increase the obligations or liabilities to the City, do not materially decrease the benefits to the City and are necessary or advisable to effectuate the purposes of the Declaration of Restrictions or this Resolution.
Sponsors: Matt Dorsey
Attachments: 1. Leg Ver1, 2. DRAFT Dec of Restrictions, 3. RED Ltr 112923, 4. Form 126, 5. RED Presentation 012424, 6. Cmte Pkt 012424, 7. Board Pkt 013024, 8. Form 126 Final, 9. Leg Final
Legislation Details
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