City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
170473
Name:
Real Property Agreements - Eddy & Taylor
Associates, L.P. - 210 Taylor Street - Purchase and
Sale of Real Estate and Ground Lease -
$10,600,000 Purchase Price and $15,000 Annual
Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
4/25/2017
Clerk of the Board
On agenda:
Final action:
6/9/2017
Enactment date:
6/9/2017
215-17
Enactment #:
Title:
Resolution approving and authorizing the execution and performance of an Agreement of Purchase
and Sale of Real Estate in connection with the acquisition of a parcel located at 210 Taylor Street
(Assessor’s Parcel Block No. 0331, Lot No. 028) (“the Property”), for $10,600,000 authorizing a long
term, 87 years, with a 12 year extension option Ground Lease of the Property for $15,000 annual
base rent with Eddy & Taylor Associates, L.P., to construct a 100% affordable, 113-unit multifamily
rental housing development for low-income households and formally homeless families and a
commercial shell for a 5,677 square foot commercial space; adopting findings that the conveyance
and lease are consistent with the California Environmental Quality Act, the General Plan, and the
priority policies of Planning Code, Section 101.1; and authorizing and directing the Director of
Property and Director of the Mayor's Office of Housing and Community Development to execute
documents, make certain modifications, and take certain actions in furtherance of this Resolution.
Sponsors:
Mayor, Jane Kim
Attachments:
1. Leg Ver1, 2. Ground Lease, 3. Purchase Agrmt, 4. PLN Memo 121516, 5. PLN Memo 022217, 6.
Bdgt Analyst Rpt 051817, 7. Comm Pkt 051817, 8. Form 126, 9. Form 126 Attachment, 10. Board Pkt
060617, 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/25/2017
1
RECOMMENDED
Budget and Finance Sub-
Committee
5/18/2017
1
Pass
ADOPTED
Board of Supervisors
6/6/2017
1
Pass
APPROVED
Mayor
6/9/2017
1