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.
Ordinance approving an Amended and Restated Conditional Property Exchange Agreement between the City and County of San Francisco and EQX Jackson SQ Holdco LLC for the exchange of 530 Sansome Street and 447 Battery Street and the construction of a new fire station on 447 Battery Street; affirming exempt surplus property finding declaration; waiving the appraisal requirements of Administrative Code, Chapter 23; ratifying past actions and authorizing future actions in furtherance of this Ordinance, as defined herein; adopting findings under the California Environmental Quality Act; and making 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 amend a property exchange agreement to facilitate the construction of a new fire station and a mixed-use development in San Francisco.
The Board adopted Resolution No. 244-17, issuing a call for bids to develop 530 Sansome Street to maximize development density and improve fire station functionality.
The City and Developer entered into a Conditional Property Exchange Agreement allowing the Developer to acquire 530 Sansome Street in exchange for building a new fire station.
The Board adopted Resolution No. 629-24, endorsing key terms for a development agreement and an amendment to the Original CPEA to facilitate the construction of a new fire station.
The Developer submitted an application to modify the Initial Project, proposing a new mixed-use building and a new fire station on 447 Battery Street.
The Planning Commission held a public hearing and certified the Final Environmental Impact Report for the Project, adopting CEQA findings.
The Mayor's office submitted the Amended and Restated Conditional Property Exchange Agreement to the Board of Supervisors for approval.
The Board of Supervisors finally passed the ordinance approving the Amended and Restated Conditional Property Exchange Agreement.
Reconstructed from attached documents & the official record
