City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
171197
Name:
Agreements - Sunnydale Parcel Q Housing
Partners, L.P. - 1491 Sunnydale Avenue - Purchase
and Sale for Real Estate and Ground Lease -
$3,000,000 and $15,000 Respectively
Status:
Type:
Resolution
Passed
File created:
In control:
11/14/2017
Clerk of the Board
On agenda:
Final action:
12/15/2017
Enactment date:
12/15/2017
439-17
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 the parcel located at 1491 Sunnydale
Avenue Street (Assessor’s Parcel Block No. 6356, Lot No. 61-68) (“the Property”), for $3,000,000 and
a long term, 75 years with a 24 year extension option, Ground Lease of the Property for $15,000
annual base rent, with Sunnydale Parcel Q Housing Partners, L.P., to construct a 100% affordable, 55
-unit multifamily rental housing development for low-income households; adopting findings that the
conveyance is consistent with the General Plan, and the eight priority policies of Planning Code,
Section 101.1; and authorizing and directing the execution of any documents necessary to implement
this Resolution, as defined herein.
Sponsors:
Mayor, Malia Cohen
Attachments:
1. Leg Ver1, 2. PLN GPR 100517, 3. Title Co. Prelim Rpt 101217, 4. DRAFT Gound Lease, 5. DRAFT
Purchase and Sale Agrmt, 6. Appraisal Rpt 110117, 7. MOHCD Ltr 110817, 8. Form 126, 9. Bdgt
Analyst Rpt 113017, 10. PLN Motion No. 19785, 11. Comm Rpt 113017, 12. Comm Rpt 120517, 13.
Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/14/2017
1
RECOMMENDED AS COMMITTEE
REPORT
Budget and Finance Committee
11/30/2017
1
Pass
ADOPTED
Board of Supervisors
12/5/2017
1
Pass
APPROVED
Mayor
12/15/2017
1