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Hearing exposes delays, uncertainty over $Millions in 706 Mission developer payments and who decides how the money is spent
Summary
Supervisors pressed city attorneys, OCII and Rec & Park about multiple fee streams tied to the 706 Mission purchase‑and‑sale agreement, including a one‑time $1.8M open‑space payment now transferred to Recreation & Parks and an outstanding ~$4.3M OCII affordable‑housing fee the developer has not paid yet.
A separate committee hearing on March 1 examined how payments from the 706 Mission Street purchase‑and‑sale agreement (the Millennium Partners project) were collected, interpreted and allocated to community benefits.
Supervisor Aaron Peskin, who requested the hearing, said community stakeholders have sought clarity for years about what fees were due, which have been collected and how funds have been spent. "I've been on email threads with various department heads... dating back a half a decade trying to get clear answers," Peskin said.
Deputy City Attorney Heidi Gerwitz reviewed the 2013 agreement and described multiple fee categories: affordable‑housing fees, annual SOMA open‑space payments (with at least 50% earmarked for Yerba Buena Gardens), a cultural endowment tied to the Mexican Museum shell, and transfer payments for public benefits in South of Market. She…
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