City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
180686
Name:
Option to Ground Lease and Ground Lease - 735
Davis Senior, L.P. - 735 Davis Street - Ground
Lease $15,000 Annual Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
6/26/2018
Clerk of the Board
On agenda:
Final action:
8/2/2018
Enactment date:
8/2/2018
267-18
Enactment #:
Title:
Resolution approving and authorizing the execution of an Option to Ground Lease for a term to
commence following Board approval through June 30, 2019, with a 12-month option to extend,
providing 735 Davis Senior, L.P. the right to ground lease the City owned parcel located at 735 Davis
Street (Assessor’s Parcel Block No. 0140, Lot No. 008 ) (“Property”) with annual base rent of $15,000
for a term of 75 years with one 24-year extension option, in order to construct a 100% affordable, 53-
unit multifamily rental housing development for low-income to moderate-income seniors and formally
homeless seniors; adopting findings that the Ground Lease is consistent with the General Plan, and
the eight priority policies of Planning Code, Section 101.1; adopting the Mitigation Measures and
Improvement Measures Monitoring and Reporting Program; and authorizing and directing the Acting
Director of Property and Director of Mayor’s Office of Housing and Community Development to
execute any documents, make certain modifications, and take necessary actions to implement this
Resolution, as defined herein.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. Leg Ver2, 3. DRAFT Option to Ground Lease, 4. DRAFT Ground Lease, 5. PLN Mit
Neg Dec 022718, 6. Cert of Appropriateness 030918, 7. HPC Motion No. 335 040418, 8. PLN GPR
061518, 9. Form 126, 10. Comm Pkt 071218, 11. Budget Analyst Rpt 071218, 12. Board Pkt 072418,
13. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/26/2018
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Budget and Finance Sub-
Committee
7/12/2018
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Sub-
Committee
7/12/2018
2
Pass
ADOPTED
Board of Supervisors
7/24/2018
2
Pass
APPROVED
Mayor
8/2/2018
2