Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Real estate staff recommends rebid of 909 Tennessee after high bidder withdraws; supervisors discuss directing surplus to housing

San Francisco Board of Supervisors Committee · February 2, 2011
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Real Estate says high November bidder for surplus fire-asset at 909 Tennessee withdrew; proposal is to rebid with $1.31M as a floor and to reserve any excess proceeds for permanent housing, per the surplus property ordinance.

Real Estate Acting Director John Updike briefed the committee on the proposed sale of a surplus fire department asset at 909 Tennessee Street. An appraisal completed in spring 2010 placed the asset at $340,000. A public bidding process produced nine bids between $377,000 and $1,310,000; the high bidder, Wayne Co Heavy Industries LLC (represented by Wayne DeGeer III),…

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
30-day money-back on paid plans