The ordinance authorizes the City to settle a lawsuit for $300,000 related to a claim for a refund of transfer taxes, penalties, and interest filed by 2121 Pine Street SF, LLC. The lawsuit was initiated on January 11, 2024, in San Francisco Superior Court.
Ordinance authorizing settlement of the lawsuit filed by 2121 Pine Street SF, LLC, et al. against the City and County of San Francisco for $300,000; the lawsuit was filed on January 11, 2024, in San Francisco Superior Court, Case No. CGC-24-611594; entitled 2121 Pine Street SF, LLC, et al. v. City and County of San Francisco, et al.; the lawsuit involves a claim for refund of transfer taxes, penalties, and interest.
How it got here
The legislation originated from a lawsuit settlement involving a claim for refund of transfer taxes against the City and County of San Francisco.
The plaintiffs filed a lawsuit against the City and County of San Francisco in San Francisco Superior Court, claiming a refund of transfer taxes, penalties, and interest.
Supervisor Fielder requested that the settlement matter be considered by the full Board as a Committee Report due to its urgent nature.
The Government Audit and Oversight Committee recommended the ordinance for settlement of the lawsuit for $300,000.
The Board of Supervisors passed the ordinance on first reading, authorizing the City Attorney to settle the lawsuit.
The Board of Supervisors finally passed the ordinance, authorizing the settlement payment of $300,000.
The Mayor approved the ordinance, finalizing the settlement of the lawsuit.
Reconstructed from attached documents & the official record
