City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240686
Name:
Assignment and Assumption Agreement - California
Barrel Company LLC - Potrero Power Station
Mixed-Use Project - Waiver of Indemnification
Obligations
Status:
Type:
Resolution
Passed
File created:
In control:
6/11/2024
Clerk of the Board
On agenda:
Final action:
7/9/2024
Enactment date:
7/9/2024
374-24
Enactment #:
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
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/11/2024
1
RECOMMENDED
Budget and Finance Committee
6/26/2024
1
Pass
ADOPTED
Board of Supervisors
7/2/2024
1
Pass
APPROVED
Mayor
7/9/2024
1