City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
170214
Name:
Purchase and Sale Agreement - Lendlease
Development, Inc. - 30 Van Ness Avenue -
$70,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
2/28/2017
Clerk of the Board
On agenda:
Final action:
3/30/2017
Enactment date:
3/30/2017
095-17
Enactment #:
Title:
Resolution approving a purchase and sale agreement by and between the City and County of San
Francisco and Lendlease Development, Inc. for the sale of City-owned property located at 30 Van
Ness Avenue for $70,000,000; including a City lease-back at an annual rent expense of $4,500,000
increasing by 3% per year after each year of the initial period and at the beginning of each extension
option exercised, if any, for a period of not more than three years in the initial term, with two one-year
options to extend; affirming the Planning Department’s determination under the California
Environmental Quality Act; adopting findings that the sale is consistent with the General Plan, and the
eight priority policies of Planning Code, Section 101.1; and urging the Mayor’s Office of Housing and
Community Development and the Planning Department to explore certain development strategies
relating to affordable housing at the site in connection with any future development.
Sponsors:
Mayor, Jane Kim
Attachments:
1. Leg Ver1, 2. DRAFT Agrmt, 3. Planning GP Ref 070915, 4. Form 126, 5. Bdgt Analyst Rpt 031617,
6. Comm Rpt 031617, 7. PPt Presentation 031617, 8. Board Pkt 032117, 9. Form 126 Final, 10. Leg
Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
2/28/2017
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Sub-
Committee
3/16/2017
1
Pass
CONTINUED
Board of Supervisors
3/21/2017
1
Fail
ADOPTED
Board of Supervisors
3/21/2017
1
Pass
APPROVED
Mayor
3/30/2017
1