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Real estate staff recommends rebid of 909 Tennessee after high bidder withdraws; supervisors discuss directing surplus to housing
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), later withdrew from escrow.
Staff recommended rebidding the property through a fast-track process and asked authority to sell the property at a $1.31 million floor should bids reach that level, creating a new floor for the next solicitation. Supervisors discussed continuing the item for one week so a substitute ordinance could be introduced; the Chair indicated she would introduce an amendment of the whole and continue the matter to allow further review.
Supervisors asked whether surplus proceeds above the Fire Department’s previously budgeted $725,000 could be directed toward permanent housing for people who are homeless under the city’s surplus-property ordinance. Several supervisors urged following the ordinance and using any excess for affordable housing or the Potrero HOPE SF project, while deputy city counsel reminded the committee that any appropriation would require the sale to close and a later supplemental appropriation ordinance.
The committee continued the item for one week to allow staff to prepare revised language and additional information on potential allocations and to provide updates on sale status.
