City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
231278
Name:
Declaration of Restrictions - ARE-SAN FRANCISCO
NO. 15 OWNER, LLC - 1450 Owens Street - Initial
Annual Payment to City $72,000
Status:
Type:
Resolution
Passed
File created:
In control:
12/12/2023
Clerk of the Board
On agenda:
Final action:
2/9/2024
Enactment date:
2/9/2024
037-24
Enactment #:
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
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
12/12/2023
1
RECOMMENDED
Budget and Finance Committee
1/24/2024
1
Pass
ADOPTED
Board of Supervisors
1/30/2024
1
Pass
APPROVED
Mayor
2/9/2024
1