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Committee forwards ordinance to create 706 Mission Fund after developer pledges overdue fees
Summary
The Rules Committee voted to send an ordinance to the full Board that would establish a 706 Mission Fund to collect and steward fees from the 2013 purchase-and-sale agreement for 706 Mission Street and route open-space and related funds through the SoMa Community Stabilization Fund advisory process.
The San Francisco Board of Supervisors Rules Committee on Monday voted to forward to the full Board an ordinance to establish a 706 Mission Fund to receive funds tied to the 2013 purchase-and-sale agreement for 706 Mission Street and to require Recreation and Park and the Mayor’s Office of Housing and Community Development to use recommendations from the SoMa Community Stabilization Fund Community Advisory Committee.
Chair Peskin, introducing the item, said the matter dates back about a decade and grew out of community concern that funds promised in the original agreement had not been fully accounted for.…
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