City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
160322
Name:
Ground Lease Amendment - 1555 Turk Street -
Laurel Gardens of Bethel A.M.E. Church, L.P. - Up
to $950,000 per Year, Including Mandatory $15,000
per Year Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
4/5/2016
Clerk of the Board
On agenda:
Final action:
5/6/2016
Enactment date:
5/6/2016
155-16
Enactment #:
Title:
Resolution authorizing the execution and performance of an amendment to a Long-Term Ground
Lease of 99 years in length between the City and County of San Francisco and Laurel Gardens of
Bethel A.M.E. Church, L.P., a California limited partnership, for real property located at 1555 Turk
Street, in connection with the refinancing and rehabilitation of 52 units of affordable housing for low
and very low income individuals and families, for an annual rent amount of up to $950,000 per year,
including a mandatory $15,000 per year base rent.
Sponsors:
London N. Breed
Attachments:
1. Leg Ver1, 2. Lease, 3. Lease Amend No. 1, 4. Appraisal Rpt 031716, 5. MOHCD Ltr 040416, 6.
Bdgt Analyst Rpt 042016, 7. Comm Pkt 042016, 8. Board Pkt 042616, 9. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/5/2016
1
RECOMMENDED
Budget and Finance Sub-
Committee
4/20/2016
1
Pass
ADOPTED
Board of Supervisors
4/26/2016
1
Pass
APPROVED
Mayor
5/6/2016
1