Resolution authorizing the execution and performance of an amendment to a Long-Term Ground Lease of 99 years in length between the City and County of San Francisco and Laurel Gardens of Bethel A.M.E. Church, L.P., a California limited partnership, for real property located at 1555 Turk Street, in connection with the refinancing and rehabilitation of 52 units of affordable housing for low and very low income individuals and families, for an annual rent amount of up to $950,000 per year, including a mandatory $15,000 per year base rent.

Committee

Clerk of the Board

Requested by

Mayor’s Office of Housing and Community Development

Introduced

April 5, 2016

Passed

May 6, 2016

Enacted

May 6, 2016

Enactment no.

155-16