City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240826
Name:
Settlement of Lawsuits - Park Hotels & Resorts Inc.
- Stipulated Assessed Value of $222,145,336 and
Refund of $1,636,749 Plus Statutory Interest
Status:
Type:
Ordinance
Passed
File created:
In control:
9/3/2024
Clerk of the Board
On agenda:
Final action:
9/3/2024
11/14/2024
Enactment date:
11/14/2024
262-24
Enactment #:
Title:
Ordinance authorizing settlement of two related lawsuits filed by Park Hotels & Resorts Inc. et al.
against the City and County of San Francisco concerning the real property located at 375 Battery
Street, San Francisco, CA (Assessor’s Parcel Block No. 0229, Lot No. 020) (the “Subject Property”)
for a stipulated assessed value of the Subject Property of $222,145,336 as of September 18, 2019,
contingent upon the Assessment Appeals Board’s approval, and a refund of $1,636,749, plus statutory
interest; the first lawsuit was filed on August 18, 2023, in San Francisco Superior Court, Case No.
CGC-23-608468; entitled Park Hotels & Resorts Inc., et al. v. City and County of San Francisco; the
second lawsuit was filed on June 27, 2023, in San Francisco Superior Court, Case No. CGC-23-
607304; entitled Park Hotels & Resorts Inc. v. City and County of San Francisco, et al.; the lawsuits
involve the assessed value of the Subject Property for property tax purposes as of the September 18,
2019, change in ownership date and a transfer tax refund.
Sponsors:
Attachments:
1. Leg Ver1, 2. Comm Pkt 101724, 3. Board Pkt 102924, 4. Board Pkt 110524, 5. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
8/14/2024
1
RECEIVED AND ASSIGNED
President
9/3/2024
1
RECOMMENDED..
Government Audit and Oversight
Committee
10/17/2024
1
Pass
PASSED, ON FIRST READING
Board of Supervisors
10/29/2024
1
Pass
FINALLY PASSED
Board of Supervisors
11/5/2024
1
Pass
APPROVED
Mayor
11/14/2024
1