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Planning Commission backs code cleanup to close SoMa stabilization fee loophole; debate over grandfathering 1 Rincon Hill project
Summary
Commission approved an amendment allowing phase‑2 SoMa stabilization fees to be due after a temporary certificate of occupancy or 12 months thereafter; developers sought a later grandfather date for 1 Rincon Hill phase 1, fueling debate about fee timing, nexus studies and transfers between Rincon Hill and SoMa funds.
The Planning Commission on July 9 voted 6–1 to recommend an ordinance amendment to Planning Code Section 3.18 that would close an unintended loophole in how phase‑2 SomA stabilization fees are collected. Staff explained the change would permit the Department of Building Inspection to require phase‑2 fees either after issuance of a temporary certificate of occupancy (TCO), 12 months thereafter, or at final certificate of occupancy — preventing…
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