City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
190420
Name:
Acquisition of Real Property - 814-820 Bryant Street
and 470-6th Street; $11,520,000 Certificates of
Participation and Commercial Paper Notes - Not to
Exceed $16,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
4/16/2019
Clerk of the Board
On agenda:
Final action:
5/14/2019
Enactment date:
5/14/2019
225-19
Enactment #:
Title:
Resolution authorizing the Director of the Real Estate Division to acquire real property located at 814-
820 Bryant Street and 470-6th Street, from Wen-Chiao Wayne Lin and Mei-Huei Grace Lin as to an
undivided 60% interest, and Tony Chih-Tung Lin and Jenny Chun-Hsing Lin as to an undivided 40%
interest, to facilitate the replacement of the Hall of Justice known as the Justice Facilities
Improvement Program, for the purchase price of $11,520,000; authorizing the Controller to cause the
execution and delivery of taxable or tax-exempt Certificates of Participation evidencing and
representing an aggregate principal amount not to exceed $16,000,000 to finance the costs of the
acquisition of said real property, including demolition and related site preparation costs; authorizing
the Controller to cause the issuance from time to time of the City’s commercial paper notes in
anticipation of the execution and delivery of said Certificates of Participation; adopting findings that
the conveyance is consistent with the General Plan, and the eight priority policies of Planning Code,
Section 101.1; and authorizing the Controller and the Director of Property to execute such documents
and take necessary actions in furtherance of this Resolution, as defined herein.
Sponsors:
Mayor, Matt Haney, Aaron Peskin
Attachments:
1. Leg Ver1, 2. PLN GPR 041119, 3. DRAFT Agrmt of Purch and Sale, 4. Form 126, 5. BLA Rpt
050119, 6. Comm Pkt 050119, 7. Board Pkt 050719, 8. Form 126 Final, 9. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
4/16/2019
1
RECOMMENDED
Budget and Finance Sub-
Committee
5/1/2019
1
Pass
ADOPTED
Board of Supervisors
5/7/2019
1
Pass
APPROVED
Mayor
5/14/2019
1