City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240648
Name:
Option Agreement Amendment - Pacific Gas and
Electric Company - Purchase the Hoedown Yard -
Illinois and 22nd Streets - $8,283,726
Status:
Type:
Resolution
Passed
File created:
In control:
6/4/2024
Clerk of the Board
On agenda:
Final action:
7/26/2024
Enactment date:
7/26/2024
403-24
Enactment #:
Title:
Resolution approving and authorizing the Director of Property to enter into a Fifth Amendment to the
option agreement (“Option Agreement”) for the purchase of the Hoedown Yard located at the
northeast corner of Illinois and 22nd Streets from the Pacific Gas and Electric Company for $63.37
per square foot or approximately $8,283,726; and authorizing the Director of Property to enter into any
additions, amendments, or other modifications to the Lease that do not materially increase the
obligations or liabilities of the City to effectuate the purposes of the Fifth Amendment or this
Resolution.
Sponsors:
Mayor, Shamann Walton
Attachments:
, , , , , , , , , , , ,
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/4/2024
1
TRANSFERRED
President
7/1/2024
1
RECOMMENDED
Budget and Finance Committee
7/10/2024
1
Pass
Board of Supervisors
7/16/2024
1
APPROVED
Mayor
7/26/2024
1