File #: 240686    Version: 1 Name: Assignment and Assumption Agreement - California Barrel Company LLC - Potrero Power Station Mixed-Use Project - Waiver of Indemnification Obligations
Type: Resolution Status: Passed
Introduced: 6/11/2024 In control: Clerk of the Board
On agenda: Final action: 7/9/2024
Enactment date: 7/9/2024 Enactment #: 374-24
Title: Resolution affirming the Planning Director’s approval of an assignment and assumption agreement between California Barrel Company LLC, a Delaware limited liability company (“Developer”), and the Regents of the University of California, on behalf of its San Francisco campus (“UCSF”), pursuant to which UCSF will assume a portion of Developer’s right, title and interest in and to the Development Agreement between the City and Developer for the Potrero Power Station Project, with respect to Block 2 of the Project; approving a Waiver of Liability by the City, acting by and through its Planning Department, for the benefit of Developer, pursuant to which the City will waive and release any claims made for actions subsequent to execution of the Waiver against Developer, in connection with Developer’s indemnification obligations in Section 4.10 of the Development Agreement, with respect to Block 2 of the Project; and adopting findings under the California Environmental Quality Act.
Sponsors: Shamann Walton
Attachments: 1. Leg Ver1, 2. DRAFT Assign & Assumption Agrmt, 3. Cmte Pkt 062624, 4. Board Pkt 070224, 5. Leg Final
Related files: 200040, 230168, 231274
Legislation Details
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