This resolution approves an agreement to exchange city-owned property at 530 Sansome Street for part of the property at 425-439 Washington Street, allowing for the development of a new fire station. It also includes necessary environmental and planning findings to ensure the project aligns with city regulations.
Resolution ratifying the Conditional Property Exchange Agreement and Related Transaction Documents with EQX Jackson SQ Holdco LLC for a transfer of City real property at 530 Sansome Street (Assessor’s Parcel Block No. 0206, Lot No. 017), under the jurisdiction of the Fire Department, in exchange for a portion of the real property at 425-439 Washington Street (Assessor’s Parcel Block No. 0206, Lot Nos. 013 and 014); authorizing the Director of Property and City staff to proceed with the proposed Fire Station development project, subject to several conditions, as defined herein; adopting findings pursuant to the California Environmental Quality Act; and making findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
How it got here
The legislation originated from a need to replace Fire Station 13 and facilitate a property exchange for a new fire station and mixed-use development.
The Board adopted Resolution No. 220-19, approving a Conditional Property Exchange Agreement for the planning and potential exchange of the City Property for a new fire station to be completed by the Developer.
The Board adopted Resolution No. 242-20, approving updates to the Conditional Exchange Agreement, including an increase in the project cost for the new fire station.
The Planning Department issued a notice of availability and a Preliminary Mitigated Negative Declaration for the Combined Project, which included the new fire station and mixed-use development.
The Planning Commission adopted Motion No. 20956, confirming that the Combined Project would not have a significant environmental effect and issued a final mitigated negative declaration.
The Real Estate Department introduced legislation to ratify the Conditional Property Exchange Agreement and related transaction documents with EQX Jackson SQ Holdco LLC.
The Board adopted the resolution ratifying the Conditional Property Exchange Agreement and authorized the Director of Property to proceed with the proposed Fire Station development project.
Reconstructed from attached documents & the official record
This resolution endorses key terms for amending an agreement between the city and EQX Jackson SQ Holdco LLC to develop a new fire station and a mixed-use high-rise tower at specified locations. Any final amendments and the development agreement will require approval from the Board of Supervisors.
This ordinance approves a development agreement for a project at specific locations in San Francisco, which includes the payment of over $4.3 million for affordable housing and compliance with various city codes. It also confirms that the project aligns with the city's General Plan and environmental regulations.
The ordinance approves a financial assistance agreement for the development of a mixed-use tower and fire station at specified locations in San Francisco, providing up to $86 million over 25 years based on new hotel tax revenues. It also waives certain administrative code requirements and confirms compliance with environmental and planning regulations.
