Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee advances below-market sale of Parcel F to Boys & Girls Club with expanded use restrictions and revenue-sharing
Summary
The committee advanced a $2.5 million below-market sale of Parcel F to the Boys & Girls Club of San Francisco after five amendments: extend the clubhouse use restriction to 40 years, add a 10-year buyback right, require 30 entitled residential units and revenue-sharing (40% after 40 years, 50% commercial participation). Committee sent the amended item to the Board without recommendation.
The Office of Economic and Workforce Development presented an amended purchase and sale agreement to sell Parcel F at the northeast corner of Fulton and Gulf streets to the Boys & Girls Club of San Francisco for $2.5 million, subject to a project-use restriction and CEQA findings.
Kelly Pretzer described five amendments negotiated since the committee last considered the sale: lengthening the use…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
