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Resolution#230813Passed
In plain English

The resolution declares two city properties as exempt surplus land and affirms their use for developing 100% affordable housing with some commercial space. It also establishes a long-term ground lease for the properties with specific financial terms and confirms the Planning Department's approval for the projects under state legislation.

Resolution 1) declaring the City’s real property located at 1939 Market Street (Assessor’s Parcel Block No. 3501, Lot No. 006) (“1939 Market Property”) and 1515 South Van Ness Avenue (“1515 SVN” Property, and together with the 1939 Market Property, collectively, the “Property”) as Exempt Surplus Land under California Government Code, Sections 25539.4 and 54221(f)(1)(A); 2) affirming use of the Property by the Mayor’s Office of Housing and Community Development (“MOHCD”) for the development as 100% affordable housing with ancillary commercial space; 3) affirming MOHCD’s intent to convey the Property under a long term ground lease with an annual base rent of $100 annual lease monitoring fee of $15,000 and restricting the Property for affordable housing and ancillary commercial space; and 4) affirming the Planning Department’s approval of the projects developed on the Property under Senate Bill (SB) No. 35 or Assembly Bill (AB) No. 2162.

Introduced: Jul 11, 2023
Final action: Sep 28, 2023
Official record ↗

How it got here

How they voted

RECOMMENDED
Budget and Finance Committee · Sep 13, 2023Pass
2-0

Legislative journey

PresidentJul 11, 2023
RECEIVED AND ASSIGNED
Budget and Finance CommitteeSep 13, 2023
RECOMMENDEDPass
Board of SupervisorsSep 19, 2023
ADOPTEDPass
MayorSep 28, 2023
APPROVED