City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
230740
Name:
Purchase of Real Property - Greenseed Folsom
Land LLC - 1174-1178 Folsom Street and 663
Clementina Street - Homelessness and Supportive
Housing - Not to Exceed $27,225,000
Status:
Type:
Resolution
Passed
File created:
In control:
6/13/2023
Clerk of the Board
On agenda:
Final action:
7/20/2023
Enactment date:
7/20/2023
358-23
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 1174-1178
Folsom Street and 663 Clementina Street (“Property”) for $27,150,000 plus an estimated $75,000 for
typical closing costs, for a total anticipated amount of $27,225,000; 2) approving and authorizing an
Agreement of Purchase and Sale for Real Estate for the acquisition of the Property from Greenseed
Folsom Land LLC (“Purchase Agreement”), which includes a liquidated damages clause of up to
$2,700,000 in case of default by the City; 3) 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, and to authorize the Director of Property to enter into
amendments or modifications to the Agreement that do not materially increase the obligations or
liabilities to the City and are necessary to effectuate the purposes of the Agreement or this Resolution;
4) affirming the Planning Department’s determination under the California Environmental Quality Act;
and 5) 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
Attachments:
1. Leg Ver1, 2. DRAFT Purchase and Sale Agmt, 3. PLN GPR 050823, 4. Form 126, 5. Committee
Report Request 070623, 6. HSH PPT 070723, 7. Comm Pkt 071423, 8. BLA Rpt 070723, 9. Post Pkt
Correspondence 071423, 10. Leg Ver 2, 11. Board Pkt 071823, 12. Form 126 Final, 13. Leg Final, 14.
Purchase and Sale Agreement Executed 081423, 15. 1174 Folsom Grant Deed (Recorded) 11.30.23
120823
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/13/2023
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Homelessness and Behavioral
Health Select Committee
7/14/2023
1
Pass
RECOMMENDED AS AMENDED AS A
COMMITTEE REPORT
Homelessness and Behavioral
Health Select Committee
7/14/2023
2
Pass
ADOPTED
Board of Supervisors
7/18/2023
2
Pass
APPROVED
Mayor
7/20/2023
2