City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
241136
Name:
Agreement - Potrero Neighborhood Collective, LLC
- Potrero Yard Infrastructure Facility Design-Build-
Finance-Operate-Maintain Agreement - 2500
Mariposa Street - Endorsement of Key Terms
Status:
Type:
Resolution
Passed
File created:
In control:
11/19/2024
Clerk of the Board
On agenda:
Final action:
12/19/2024
Enactment date:
12/19/2024
625-24
Enactment #:
Title:
Resolution generally endorsing the form of an Infrastructure Facility Design-Build-Finance-Operate-
Maintain Agreement (Form Project Agreement) for the San Francisco Municipal Transportation
Agency (SFMTA) Potrero Yard Modernization Project, and the following pricing: 1) an initial milestone
payment of up to $75,000,000 at financial close, 2) a relocation payment of up to $500,000 within 60
days of completing temporary relocation of Potrero Yard operations, 3) a milestone payment of up to
$200,000,000 by no later than 2033, and 4) an initial maximum annual availability payment of up to
$42,200,000 (in Fiscal Year 2030 dollars) over a maintenance term not to exceed 30 years after the
scheduled substantial completion date, anticipated in 2029, subject to interest rate and credit spread
fluctuations between commercial close and financial close and annual Consumer Price Index
adjustments, with the part of the payment covering capital costs increasing 1% per year and sculpted
to align with the SFMTA’s existing debt service obligations; and providing that the final terms of the
agreement, including final pricing and inclusion of a Small Business Enterprise/Disadvantaged
Business Enterprise Plan, shall be subject to approval of the Board of Supervisors.
Sponsors:
Mayor, Shamann Walton, Rafael Mandelman, Hillary Ronen
Attachments:
1. Leg Ver1, 2. DRAFT Project Agrmt, 3. DRAFT SBE DBE Plan, 4. Potrero Yard Mod Proj Exhb 18
111524, 5. Executed Predev Agrmt 110222, 6. MTAB Reso No. 221101-105 110122, 7. PC Motion No.
21483 011124, 8. PC Motion No. 21482 011124, 9. SFMTA Briefing Ltr 111924, 10. Public
Correspondence, 11. Form 126, 12. BLA Rpt 120424, 13. Cmte Pkt 120424, 14. MTA Presentation
120424, 15. MTA Reso No. 241203-140 120324, 16. Leg Ver2, 17. Board Pkt 121024, 18. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
11/19/2024
1
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Budget and Finance Committee
12/4/2024
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
12/4/2024
2
Pass
RESPONSE RECEIVED
Municipal Transportation Agency
12/4/2024
1
ADOPTED
Board of Supervisors
12/10/2024
2
Pass
APPROVED
Mayor
12/19/2024
2