4320083 - Acquisition of Real Property - 1939 Market Street - Sheet Metal Workers’ International Association, Local Union No. 104 - $12,000,000

San Francisco

Resolution approving and authorizing the Director of Property, on behalf of the Mayor’s Office of Housing and Community Development, to acquire real property, located at 1939 Market Street from Sheet Metal Workers’ International Association, Local Union No. 104, for purchase at $12,000,000 inclusive of a deposit in the amount of $500,000; placing the property under the jurisdiction of the Mayor’s Office of Housing and Community Development for use in constructing affordable housing for San Franciscans; adopting findings that the conveyance is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; authorizing the Director of Property to execute documents, make certain modifications and take certain actions in furtherance of the purchase agreement and this Resolution, as defined herein, including assuming certain leases, entering into a leaseback with seller, and assuming certain service contracts; and affirming the Planning Department’s determination under the California Environmental Quality Act.

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