Resolution approving a purchase and sale agreement by and between the City and County of San Francisco and SF Prosperity 2, LLC, for the sale of City-owned properties located at 1660 Mission Street and 1680 Mission Street for $52,000,000; including a City lease-back at an annual rent expense of $3,362,220 increasing by 3% per year for each year after the initial period, with rent to be set at the then fair market rental value prior to the beginning of each extension option exercised, if any, for a period of not more than three years in the initial term, with two one-year options to extend; affirming the Planning Department’s determination under the California Environmental Quality Act; and adopting findings that the sale is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
What this record is
- Amount
- $52.0M
- Runs until
- February 28, 2020 already ended date calculated from a contract term stated in the record, not quoted directly
- Type
- purchase
- Field
- Real estate
real estate contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Clerk of the Board
- Introduced
- February 28, 2017
- Passed
- March 30, 2017
- Enacted
- March 30, 2017
- Enactment no.
- 094-17
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