This resolution allows the Director of Property to amend the lease for the San Francisco Wholesale Produce Market to allocate city funds for improvements outlined in the Produce Market Reinvestment Plan. It also confirms that the project complies with environmental regulations and city planning policies.
Resolution approving and authorizing the Director of Property to enter into a first amendment to the current lease (“Lease”) for the San Francisco Wholesale Produce Market, located near 2095 Jerrold Avenue (generally bordering Highway 280 and Innes and Kirkwood Avenues, and Toland and Rankin Streets), with the San Francisco Market Corporation to distribute City funds to support the development of certain elements of the Produce Market Reinvestment Plan; affirming the Planning Department’s determination under the California Environmental Quality Act; adopting findings that the contemplated transactions are consistent with the General Plan, and the eight priority policies of the Planning Code, Section 101.1; authorizing the Director of Property to execute a first amendment to the Lease, make certain modifications, and take certain actions in furtherance of this Resolution and the Lease, as defined herein; and authorizing the Director of Property to enter into any additions, amendments, or other modifications to the Lease that do not materially increase the obligations or liabilities of the City to effectuate the purposes of the First Amendment or this Resolution.
How it got here
This resolution allows the Director of Property to update the lease for the San Francisco Wholesale Produce Market and to create additional parcel leases to secure funding for construction loans. It also confirms that these actions comply with environmental regulations and city planning policies.
This ordinance allocates the expected income and expenses for San Francisco's departments for the fiscal years ending June 30, 2022, and June 30, 2023. It ensures that the city's budget is officially set and approved for those years.
The ordinance allows the City to issue up to $67.5 million in Certificates of Participation to fund various capital improvement projects, including repairs and renovations to City-owned buildings and facilities. It also includes provisions for leasing property and managing the financial aspects of these projects to support the City's recovery from the COVID-19 pandemic.
