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Committee advances purchase of 1995 Evans St.; some supervisors raise valuation concerns
Summary
The Budget & Finance Committee moved a proposal to acquire 1995 Evans St. (about $15.4 million effective price) to the full board without recommendation after staff noted a $70,000 January rent waiver and compared per‑square‑foot metrics; at least one supervisor said he would vote no at the full board.
The Budget & Finance Committee on Jan. 14 forwarded to the full Board a resolution authorizing purchase of property at 1995 Evans Street for roughly $15 million, with committee members expressing concern about a valuation gap.
Sean Uptyke, identified in the record as the city’s Director of Real Estate, told the committee the effective purchase price is about $15,405,000 and that the property includes roughly…
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