City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
131035
Name:
Real Property Purchase and Sale Agreement - 201-
229 Eddy Street - $4,200,000
Status:
Type:
Resolution
Passed
File created:
In control:
10/22/2013
Clerk of the Board
On agenda:
Final action:
11/27/2013
Enactment date:
409-13
Enactment #:
Title:
Resolution authorizing the execution and performance of an Agreement of Purchase and Sale for
Real Estate between the City and County of San Francisco and Tenderloin Neighborhood
Development Corporation, a California nonprofit public benefit corporation, for the purchase of real
property located at 201-229 Eddy Street, San Francisco, in the amount of $4,200,000 for the
rehabilitation of 105 units of affordable housing for low and very low income persons; authorizing the
execution and performance of a Ground Lease between the City and County of San Francisco and
Franciscan Towers Associates L.P., a California limited partnership, for a term of 75 years, to
commence following Board approval, at an annual rate of $420,000; adopting findings under the
California Environmental Quality Act; and adopting findings that the conveyance is consistent with the
City's General Plan, and eight priority policies of City Planning Code, Section 101.1.
Sponsors:
John Avalos, Jane Kim, David Campos
Attachments:
1. Leg_Ver1, 2. Budget_Analysts_Rpt_110613, 3. Comm_Pkt_110613, 4. Board_Pkt_111913, 5.
Leg_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
10/22/2013
1
RECOMMENDED
Budget and Finance Committee
11/6/2013
1
Pass
ADOPTED
Board of Supervisors
11/19/2013
1
Pass
APPROVED
Mayor
11/27/2013
1