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SFMTA seeks $4.35M continuation payment for Potrero Yard PDA; supervisors request term‑sheet briefings

Budget and Finance Committee, Board of Supervisors, City and County of San Francisco · February 28, 2024

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Summary

The committee forwarded SFMTA’s request to authorize a $4,350,000 continuation payment to Potrero Neighborhood Collective under the Potrero Yard predevelopment agreement to proceed to PDA Phase 3 work; presentation covered project scope (bus yard, up to several hundred housing units), outreach history, and a BLA technical recommendation to clarify resolution language because the payment may cause PDA obligations to exceed $10M.

SFMTA asked the Budget and Finance Committee to authorize a $4,350,000 continuation payment to Potrero Neighborhood Collective (PNC) so the predevelopment agreement (PDA) can continue after entitlements and CEQA certification. The payment is specified in the PDA and would allow PNC to proceed with PDA Phase 3 work, including drafting term sheets and project agreements.

Agency staff said the refined project envisions a new four‑story bus facility and multiple housing components: up to ~465 housing units under different variants, including affordable family housing (up to ~247 units at 80% AMI) and workforce housing (up to ~218 units at 80–120% AMI), with the bus yard prioritized as Phase 1. SFMTA staff emphasized the project’s public benefits (increased bus capacity, safety improvements, public restrooms, and public art opportunities) and described a multi‑year outreach process with numerous community meetings and letters of support.

Nick Menard (BLA) recommended revised language in the resolution to state explicitly that the Board is approving the PDA and the continuation payment because the payment could cause the PDA obligations to exceed $10 million and therefore implicate charter section 9.118. Deputy City Attorney Anne Pearson offered proposed draft language for a whereas clause and an authorization that would make Board approval conditional on adoption of the SUD and General Plan ordinances. Supervisors asked SFMTA to brief them on term sheets well in advance of final project agreements; SFMTA committed to a fall timeline for Board approval of project agreements and to provide earlier briefings in summer.

The committee adopted the BLA‑recommended amendment and forwarded the amended resolution to the full Board with a positive recommendation 3–0.