This hearing is set to provide updates on developer payments and funding related to the 706 Mission Purchase and Sale Agreement. It will also cover the legal use of these funds, timelines for requests for proposals, and current fund balances, with reports from various city offices.
Hearing to receive updates on the Developer Payments and funding streams required by the 706 Mission Purchase and Sale Agreement (PSA) and to present on legal use of funds, RFP timelines and fund balances; and requesting the Office of the City Administrator, Recreation and Parks Department, and Mayor’s Office of Housing and Community Development to report.
How it got here
The legislation originated from the need to monitor developer payments and funding streams related to the 706 Mission Purchase and Sale Agreement.
Supervisor Peskin introduced a hearing request to receive updates on developer payments and funding streams required by the 706 Mission Purchase and Sale Agreement, and to require reports from relevant city departments.
The Board of Supervisors referred the hearing request to the Office of the City Administrator, Recreation and Parks Department, and Mayor’s Office of Housing and Community Development for their input.
The Government Audit and Oversight Committee held a hearing on the developer payments and funding streams, where updates were presented and the matter was filed.
The Recreation and Parks Department presented information regarding open space fees and payments related to the 706 Mission PSA during the committee hearing.
Reconstructed from attached documents & the official record
