City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
001267
Name:
Tax Increment Allocation/Financing Agreement -
Emporium Site
Status:
Type:
Resolution
Passed
File created:
In control:
7/10/2000
Board of Supervisors
On agenda:
Final action:
10/13/2000
Enactment date:
861-00
Enactment #:
Title:
Resolution approving and authorizing a Tax Increment Allocation Pledge Agreement between the City
and County of San Francisco ("City") and the Redevelopment Agency of the City and County of San
Francisco ("Agency"), under which the City agrees to a pledge by the Agency of a portion of the
available non-housing tax increment generated by the redevelopment of the project site (specifically
including Assessor's Block 3705, Lots 9, 10, 12, 13, 14, 15, 17, 18, 33, 38, and 43) in favor of
Emporium Development, L.L.C. ("Developer"), a subsidiary of Forest City Enterprises, in furtherance
of the implementation of the Redevelopment Plan amendment for the addition of the Emporium Site
Area to the Yerba Buena Center Project Area; approving and authorizing a financing agreement and
covenant to operate ("Financing Agreement") in connection with the Development of the Emporium
Site Area; approving an allocation of tax increment for affordable housing purposes in excess of the
minimum amount required under Redevelopment Law; making elections with respect to the allocation
of tax increment; adopting findings pursuant to the California Environmental Quality Act; and adopting
findings that the agreement is consistent with the city's General Plan and Eight Priority Policies of city
Planning Code Section 101.1.
Sponsors:
Michael Yaki
Attachments:
1. Leg_Final
Action By
Date
Action
Result
Ver.
ASSIGNED UNDER 30 DAY RULE
President
7/10/2000
1
TRANSFERRED
President
8/11/2000
1
CONTINUED TO CALL OF THE CHAIR
Finance and Labor Committee
8/23/2000
1
Pass
CONTINUED
Finance and Labor Committee
9/20/2000
1
Pass
REFERRED WITHOUT
RECOMMENDATION
Finance and Labor Committee
9/27/2000
1
Pass
CONTINUED
Board of Supervisors
10/2/2000
1
Pass
MOTION
Board of Supervisors
10/2/2000
1
Pass
ADOPTED
Board of Supervisors
10/10/2000
1
Pass
APPROVED
Mayor
10/13/2000
1