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Committee backs SFPUC sales of underused Pleasanton and Millbrae parcels to offset capital costs
Summary
The Budget & Finance Committee reviewed and recommended forwarding two SFPUC surplus-property sales — a 3.18-acre Pleasanton parcel for $4.2 million and three Millbrae residential lots for $2.3 million — with BLA reports showing net proceeds and modest ongoing savings in maintenance and taxes.
The Budget and Finance Committee on Feb. 14 recommended that the full Board of Supervisors approve two San Francisco Public Utilities Commission property sales aimed at raising capital funds.
Rosanna Russell of the SFPUC told the committee the commission marketed several surplus parcels and accepted the highest responsible offers. The larger parcel — described in the packet as roughly 3.1 acres with addresses in Pleasanton — drew a high bid of $4,200,000 from the City…
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