The ordinance extends the Development Agreement for the 3333 California Street project by eight years and modifies affordable housing requirements. It also allows the project to benefit from a fee reduction program and includes a finance plan to use property tax revenue for public facilities and affordable housing.
Ordinance approving an amendment to a Development Agreement (originally approved by Ordinance No. 276-19) for the 3333 California Street project between the City and County of San Francisco and Laurel Heights Partners, LLC, to extend the term of the Development Agreement by eight years to September 11, 2043, modify the affordable housing requirements, allow the project to qualify for the Temporary Fee Reduction Program under Planning Code, Section 403, and include a finance plan with a framework to use incremental property tax revenue to fund the Project’s public capital facilities and affordable housing; making findings under the California Environmental Quality Act; and making findings of conformity with the General Plan, and the eight priority policies of Planning Code, Section 101.1(b), and findings of public convenience, necessity, and welfare under Planning Code, Section 302.
How it got here
The legislation originated from the need to amend the Development Agreement for the 3333 California Street project to address delays and financial feasibility issues.
The Planning Commission certified the Final Environmental Impact Report (FEIR) for the 3333 California Street Mixed-Use Project, which included plans for residential, retail, and childcare facilities.
The Board approved the original Development Agreement for the project, which included commitments for affordable housing and public benefits.
A minor modification to the Development Agreement was executed to extend deadlines and modify project plans due to a CEQA lawsuit settlement.
The Mayor and Supervisor introduced an ordinance to amend the Development Agreement to extend its term, modify affordable housing requirements, and allow for an Enhanced Infrastructure Financing District.
The Planning Department issued an addendum to the FEIR, confirming that the proposed amendments would not result in new significant impacts.
The Planning Commission recommended approval of the proposed ordinance to amend the Development Agreement.
The Board of Supervisors finally passed the ordinance amending the Development Agreement, allowing for the project's advancement.
Reconstructed from attached documents & the official record
This resolution establishes an Enhanced Infrastructure Financing District at 3333/3700 California Street to fund public facilities and projects that benefit the community. It outlines the financial mechanisms and related matters necessary for these developments.
This resolution approves a financing plan for the Enhanced Infrastructure Financing District No. 3 at 3333/3700 California Street, which includes tax divisions and related agreements. It also authorizes the city to file a legal action to validate the plan.
