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.
Ordinance approving a Hotel and Fire Station Development Incentive Agreement between the City and County of San Francisco and EQX Jackson SQ Holdco LLC for the 530 Sansome Mixed Use Tower and Fire Station 13 Development Project, to provide financial assistance of up to $86,089,195 in net present value over 25 years calculated for measurement purposes only as a percentage of new Transient Occupancy Taxes the City actually receives from occupancy of guest rooms in a proposed new hotel, related to the development and operation of a project on certain real property known as 425 Washington Street, 439-445 Washington Street, 530 Sansome Street, and 447 Battery Street, and generally bounded by Sansome Street to the west, Washington Street to the north, Battery Street to the east, and Merchant Street to the south; waiving Chapter 21G of the Administrative Code; ratifying past actions and authorizing future actions in furtherance of this Ordinance, as defined herein; and adopting the Board of Supervisors’ findings under the California Environmental Quality Act and 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 facilitate the development of a mixed-use tower and a new fire station in San Francisco, prompted by prior agreements and city planning efforts.
The Board adopted a resolution endorsing key terms for a development agreement and an amendment to a conditional property exchange agreement, which included financial assistance for the project.
The City entered into a Conditional Property Exchange Agreement with the Developer for the exchange of properties related to the project.
The original agreement was amended to facilitate the development of the new fire station and mixed-use tower.
Another amendment was made to the Conditional Property Exchange Agreement to refine the terms of the property exchange.
The Mayor's office submitted a memo to the Clerk of the Board regarding the Hotel and Fire Station Development Incentive Agreement, outlining the financial assistance to be provided.
A substituted ordinance was introduced to approve the Hotel and Fire Station Development Incentive Agreement, detailing the financial assistance and project specifics.
The Board of Supervisors passed the ordinance approving the Hotel and Fire Station Development Incentive Agreement, finalizing the legislative process.
Reconstructed from attached documents & the official record
This ordinance creates a special district for the development of a mixed-use tower and fire station at 530 Sansome Street, allowing for streamlined approval processes and height increases for certain properties. It also includes provisions for reviewing the landmark status of a nearby building and ensures compliance with environmental and planning regulations.
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.
This ordinance updates the city's General Plan to support the development project at 530 Sansome Street and Fire Station 13. It includes environmental findings and confirms that the project aligns with city planning policies and serves public needs.
The ordinance approves an agreement for the exchange of two properties, 530 Sansome Street and 447 Battery Street, and allows for the construction of a new fire station on the Battery Street site. It also waives certain appraisal requirements and confirms compliance with environmental and planning regulations.
This ordinance updates the city's General Plan to support the development project at 530 Sansome Street and Fire Station 13. It includes environmental findings and confirms that the project aligns with city planning policies and serves public needs.
This ordinance creates a special district for the development of a mixed-use tower and fire station at 530 Sansome Street, allowing for streamlined approval processes and height increases for certain properties. It also includes provisions for reviewing the landmark status of a nearby building and ensures compliance with environmental and planning regulations.
The ordinance approves an agreement for the exchange of two properties, 530 Sansome Street and 447 Battery Street, and allows for the construction of a new fire station on the Battery Street site. It also waives certain appraisal requirements and confirms compliance with environmental and planning regulations.
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.
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.
