City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
241115
Name:
Settlement of Lawsuits - Park Hotels & Resorts Inc.
- Stipulated Assessed Value of $220,345,336 and
Refund of $1,716,129, Plus Statutory Interest -
Repealing Ordinance No. 262-24
Status:
Type:
Ordinance
Passed
File created:
In control:
11/19/2024
Clerk of the Board
On agenda:
Final action:
12/19/2024
Enactment date:
12/19/2024
304-24
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 $220,345,336 as of September 18, 2019,
contingent upon the Assessment Appeals Board’s approval, and a refund of $1,716,129 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; and repealing Ordinance No. 262-24,
which authorized a prior settlement of these lawsuits.
Sponsors:
Mayor
Attachments:
1. Leg Ver1, 2. Comm Rpt Rqst Memo 112224, 3. Comm Pkt 120524, 4. Board Pkt 121024, 5. Board
Pkt 121724, 6. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/19/2024
1
RECOMMENDED AS COMMITTEE
REPORT
Government Audit and Oversight
Committee
12/5/2024
1
Pass
PASSED, ON FIRST READING
Board of Supervisors
12/10/2024
1
Pass
FINALLY PASSED
Board of Supervisors
12/17/2024
1
Pass
APPROVED
Mayor
12/19/2024
1