City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230928
Name:
Purchase of Real Property - Costanoan LLC - 42
Otis Street - Homelessness and Supportive Housing
- Not to Exceed $14,240,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/5/2023
Clerk of the Board
On agenda:
Final action:
9/28/2023
Enactment date:
9/28/2023
443-23
Enactment #:
Title:
Resolution 1) approving and authorizing the Director of Property, on behalf of the Department of
Homelessness and Supportive Housing, to acquire certain property located at 42 Otis Street
(“Property”) for $14,200,000 plus an estimated $40,000 for typical closing costs, for a total anticipated
amount of $14,240,000; 2) approving and authorizing an Agreement of Purchase and Sale for Real
Estate for the acquisition of the Property from Costanoan LLC (“Purchase Agreement”), which
includes a liquidated damages clause of up to $420,000 in case of default by the City; 3) authorizing
the Director of Property to execute the Purchase Agreement, make certain modifications, and take
certain actions in furtherance of this Resolution and the Purchase Agreement, as defined herein;
effective upon approval of this Resolution; 4) affirming the Planning Department’s determination under
the California Environmental Quality Act; and 5) adopting the Planning Department’s findings that the
Purchase Agreement, and the transaction contemplated therein, is consistent with the General Plan,
and the eight priority policies of Planning Code, Section 101.1.
Sponsors:
Mayor, Hillary Ronen, Shamann Walton, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Purchase and Sale Agmt, 3. NOFA Round 3 032923, 4. PLN Gen Pln Ref
072023, 5. RED Ltr 082923, 6. Form 126, 7. Comm Rpt request signed 091423, 8. HSH PPT 092223,
9. Comm Pkt 092223, 10. Board Pkt 092623, 11. Leg Final, 12. Form 126 Final, 13. Purchase and
Sale Agreement 100123, 14. Grant Deed 052924
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/5/2023
1
RECOMMENDED AS COMMITTEE
REPORT
Homelessness and Behavioral
Health Select Committee
9/22/2023
1
Pass
ADOPTED
Board of Supervisors
9/26/2023
1
Pass
APPROVED
Mayor
9/28/2023
1
RECEIVED FROM DEPARTMENT
Clerk of the Board
5/29/2024
1