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Board committee approves acquisition of Fillmore Muni substation, plans public outreach and RFQ
Summary
The committee approved a resolution to transfer the historic Muni Fillmore Substation (1190 Fillmore) back to city ownership from the Redevelopment Agency at no cost, along with 171,308 units of transferable development rights and planning funds; the city will run community outreach and release an RFQ by year'end.
The Budget and Finance Committee approved a resolution authorizing acquisition of the historic Muni Fillmore Substation at 1190 Fillmore and the transfer of 171,308 transferable development rights and modest planning funds from the San Francisco Redevelopment Agency to the city at no cost.
"The purchase and sale agreement that you have before you ... is at no cost, and it is in its as-is unimproved condition," said Jack (redevelopment/real estate), introducing the item and outlining a package of fund transfers including roughly $3.3 million associated with the substation and smaller allocations to Fillmore preservation and planning.
Budget analyst Harvey Rose and other staff noted a likely $4 million seismic retrofit and estimated total redevelopment costs in the range of $8 million to $10 million depending on reuse. "Based on the latest updated studies ... there is an estimated cost of about $4,000,000 for seismic retrofit upgrades and historic preservation work," the budget analyst said.
Redevelopment and real estate staff said they will coordinate a community outreach process with Supervisor Merkurimi's office, gather public input over several months, and use that input to shape an RFQ they expect to release by the end of the year. Staff estimated a 12- to 18-month planning and entitlement phase following selection of a development partner, with a development agreement to return to the Board of Supervisors in early to mid 2011.
Committee members asked about remaining A2-area tax increment balances and appraisal assumptions. Redevelopment staff said a previous $6.75 million allocation was later revised to about $400,000 in remaining A2 corridor funds after a closer review. Ricky Tijani of the redevelopment agency explained that the appraised $3,000,000 value assumes retrofitting costs and landmarks restrictions and that the retrofit estimate was not included in that appraisal.
The committee approved the resolution with recommendation to the full board and requested follow-up information on remaining A2-area funds and the proposed outreach schedule.
