City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
210967
Name:
Purchase of Real Property - Mission Smartspace
Senior LLC - 1321 Mission Street - Homelessness
and Supportive Housing - $86,673,000
Status:
Type:
Resolution
Passed
File created:
In control:
9/14/2021
Clerk of the Board
On agenda:
Final action:
10/22/2021
Enactment date:
10/22/2021
482-21
Enactment #:
Title:
Resolution 1) approving and authorizing the Director of Property, on behalf of the Department of
Homelessness and Supportive Housing (“HSH”), to acquire certain property located at 1321 Mission
Street (“Property”) for $86,500,000 plus an estimated $173,000 for typical closing costs, for a total
anticipated amount of $86,673,000 (“Acquisition Cost”); 2) approving and authorizing HSH, on behalf
of the City, to apply to the California Department of Housing and Community Development (“HCD”) for
its 2021 Homekey Grant Program (“Project Homekey”) to purchase the Property; 3) approving and
authorizing an Agreement of Purchase and Sale for Real Estate for the acquisition of the Property
from Mission Smartspace Senior LLC (“Purchase Agreement”), which includes a liquidated damages
clause of up to $5,000,000 in case of default by the City; 4) authorizing the Director of Property to
execute the Purchase Agreement, make certain modifications, and take certain actions in furtherance
of this Resolution and the Purchase Agreement, as defined herein; 5) affirming the Planning
Department’s determination under the California Environmental Quality Act; and 6) adopting the
Planning Department’s findings that the Purchase Agreement, and the transaction contemplated
therein, is consistent with the General Plan, and the eight priority policies of Planning Code, Section
101.1.
Sponsors:
Mayor, Matt Haney, Ahsha Safai
Attachments:
1. Leg Ver1, 2. DRAFT Purchase and Sale Agreement, 3. PLN GPR 090321, 4. RED Ltr 091021, 5.
Form 126, 6. BLA Report 100621, 7. Comm Pkt 100621, 8. Public Correspondence, 9. HSH
Presentation 100621, 10. NOFA Homekey Program 090921, 11. Leg Ver2, 12. Board Pkt 101921, 13.
Leg Final, 14. Form 126 Final, 15. Final Executed PSA 092021, 16. Grant Deed Recorded 0322
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
9/14/2021
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Budget and Finance Committee
10/6/2021
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
10/6/2021
2
Pass
ADOPTED
Board of Supervisors
10/19/2021
2
Pass
APPROVED
Mayor
10/22/2021
2
RECEIVED FROM DEPARTMENT
Clerk of the Board
4/6/2022
2
RECEIVED FROM DEPARTMENT
Clerk of the Board
5/18/2023
2