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Board authorizes sale of 909 Tennessee Street; final buyer and allocation of proceeds not specified
Summary
The Board approved a resolution to sell a surplus property at 909 Tennessee Street for no less than $1.3 million after a prior purchaser withdrew; the resolution does not appropriate the proceeds and staff said any appropriations will return later when the sale is finalized.
The San Francisco Board of Supervisors adopted a resolution approving the sale of an improved surplus property located at 909 Tennessee Street to the highest responsible cash bidder for a purchase price of not less than approximately $1,300,000.
During introductions, Supervisor John Avalos asked how any surplus proceeds would be programmed; staff explained the previous purchaser had backed out and the department revised the resolution to allow sale at a minimum of $1.3 million. The resolution, as drafted, does not appropriate proceeds. City staff told the board that when a final sale is closed — staff estimated the department expected a sale to occur in March or April — the department will report the final sale price and the board would need to adopt a separate ordinance to appropriate any surplus revenue.
Supervisor Avalos noted the city already has an ordinance that directs surplus property proceeds toward affordable housing and services for people experiencing homelessness; board members said an appropriation decision would occur later in the legislative process when the final sale price is known.
The resolution was adopted without recorded roll-call debate on the floor during the meeting. The board’s action authorizes the sale process while leaving allocation of net proceeds to a later ordinance once the transaction is finalized.
Ending: The board cleared the way to sell the surplus lot, but left the allocation of funds to a future ordinance after the final sale price is known.
