City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
180688
Name:
Ground Lease - 490 South Van Ness Avenue - 490
SVN Housing Associates, LP - $15,000 Annual
Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
6/26/2018
Clerk of the Board
On agenda:
Final action:
9/14/2018
Enactment date:
9/14/2018
290-18
Enactment #:
Title:
Resolution approving and authorizing a long term Ground Lease with 490 SVN Housing Associates,
LP, on City owned land at 490 South Van Ness Avenue (“Property”) for a term of 75 years, to
commence following Board approval, with one 24-year extension option, and with an annual base rent
of $15,000 in order to construct a 100% affordable, 80-unit multifamily rental housing development
(plus one manager unit) for low-income persons (“Project”); adopting findings that the Ground Lease
is consistent with the California Environmental Quality Act, the General Plan, and the priority policies
of Planning Code, Section 101.1; and authorizing the Acting Director of Property and Director of
Mayor’s Office of Housing and Community Development to execute documents, make certain
modifications, and take certain actions in furtherance of this Resolution, as defined herein.
Sponsors:
Mayor, Hillary Ronen
Attachments:
1. Leg Ver1, 2. DRAFT Ground Lease, 3. PLN General Plan Referral 063015, 4. PLN Comm Motion
No. 19250 100214, 5. PLN Ltr 062718, 6. Form 126, 7. Budget Analyst Rpt 071918, 8. Comm Pkt
071918, 9. Comm Pkt 072618, 10. Leg Ver2, 11. Board Pkt 090418, 12. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/26/2018
1
CONTINUED
Budget and Finance Sub-
Committee
7/19/2018
1
Pass
AMENDED
Budget and Finance Sub-
Committee
7/26/2018
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Sub-
Committee
7/26/2018
2
Pass
ADOPTED
Board of Supervisors
9/4/2018
2
Pass
APPROVED
Mayor
9/14/2018
2