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Supervisors approve $15.475 million purchase of Evans Street property for new crime lab amid debate over valuation
Summary
The Board authorized acquisition of 1995 Evans Street for use in the city's public safety capital plan, approving the purchase after questions about appraisal comparables and whether the city is overpaying. The vote passed 9'2 after lengthy questioning of the city's real estate director and budget analysts.
The Board of Supervisors authorized the city to acquire 1995 Evans Street for the new crime lab and related public-safety uses by recorded vote on Jan. 27, approving the purchase price the city negotiated under a previously executed option.
Supervisor Campos led questioning that dominated the discussion, telling the board he was "fundamentally" troubled by a comparison between the proposed purchase price and an appraisal. The Budget and Legislative Analyst's office told the board the proposed purchase price of $15,475,000 exceeded a February appraisal of $11,360,000 by roughly $4.1 million (36.2%) and that the…
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