City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240308
Name:
Ground Lease Agreements - Transbay 2 Family, LP
and Transbay 2 Family Commercial, LLC - 200
Folsom Street - Transbay Block 2 East - $15,001
Base Rent per Year
Status:
Type:
Resolution
Passed
File created:
In control:
3/26/2024
Clerk of the Board
On agenda:
Final action:
4/23/2024
5/3/2024
Enactment date:
5/3/2024
203-24
Enactment #:
Title:
Resolution approving and authorizing the Office of Community Investment and Infrastructure as
Successor Agency to the Redevelopment Agency of the City and County of San Francisco to execute
ground leases at 200 Folsom Street (commonly known as Transbay Block 2 East) with Transbay 2
Family, LP for $15,000 per year and with Transbay 2 Family Commercial, LLC for $1 per year, each
for a term of 75 years for the purpose of developing housing for low- and moderate-income
households, including formerly homeless households, and ground floor childcare and community
commercial space; and making findings under Section 33433 of the Health and Safety Code as
required under the Transbay Redevelopment Plan.
Sponsors:
Mayor, Matt Dorsey, Rafael Mandelman
Attachments:
1. Leg Ver1, 2. DRAFT Ground Lease - Transbay 2 Family Commercial LLC, 3. DRAFT Ground Lease
- Transbay 2 Family LP, 4. OCII Reso No. 07-2024 031924, 5. OCII 33433 Rpt 031924, 6. OCII Memo
031924, 7. Form 126 - Transbay 2 Family Commercial LLC, 8. Form 126 - Transbay 2 Family LP, 9.
Board Pkt 042324, 10. Form 126 Final (2 Contracts), 11. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
3/26/2024
1
ADOPTED
Board of Supervisors
4/23/2024
1
Pass
APPROVED
Mayor
5/3/2024
1