# Board of Supervisors Minutes: July 24, 2018 - Meeting date: 2018-07-24 - Document type: minutes - Source format: PDF - Extracted pages: 42 - [Canonical HTML transcript](https://sfbos.info/documents/528/2018-07-24-minutes) - [Authoritative City source](https://sfgov.legistar.com/View.ashx?M=M&ID=617542&GUID=2FE4999B-8C22-45F3-8842-0FF74382A38D) > This text was extracted for search and accessibility. The linked City source is the authoritative public record. ## Structured legislative records ### File 180684: Multifamily Housing Revenue Bonds - 735 Davis Street - Not to Exceed $30,000,000 - Pages: 19-20 - Sponsors: Mayor - Vote 1: adoption, likely final - Action: Community Development (“Director”) to submit an application and related documents to the California Debt Limit Allocation Committee (“CDLAC”) to permit the issuance of residential mortgage revenue bonds in an aggregate principal amount not to exceed $30,000,000 for 735 Davis Street; authorizing and directing the Director to direct the Controller’s Office to hold in trust an amount not to exceed $100,000 in accordance with CDLAC procedures; authorizing the Director to certify to CDLAC that the City has on deposit the required amount; authorizing the Director to pay an amount equal to such deposit to the State of California if the City fails to issue the residential mortgage revenue bonds; approving, for purposes of the Internal Revenue Code of 1986, as amended, the issuance and sale of residential mortgage revenue bonds by the City in an aggregate principal amount not to exceed $30,000,000; authorizing and directing the execution of any documents necessary to implement this Resolution; and ratifying and approving any action heretofore taken in connection with the Project, as defined herein, and the Application, as defined herein. Resolution No. 265-18 ADOPTED by the following vote: - Ayes: Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee - Excused: Fewer, Tang ### File 180685: Jurisdictional Transfer of City Property - Public Works Department - Mayor’s Office of Housing and Community Development - 735 Davis Street - $0 - Pages: 20 - Sponsors: Mayor - Vote 1: adoption, likely final - Action: 180685 [Jurisdictional Transfer of City Property - Public Works Department - Mayor’s Office of Housing and Community Development - 735 Davis Street - $0] Sponsor: Mayor Resolution approving the jurisdictional transfer of City property at 735 Davis Street, Assessor’s Parcel Block No. 0140, Lot No. 008, from Public Works to the Mayor’s Office of Housing and Community Development for affordable housing; approving the transfer price of $0; making findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing other actions in furtherance of this Resolution, as defined herein. (Fiscal Impact) Resolution No. 266-18 ADOPTED by the following vote: - Ayes: Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee - Excused: Fewer, Tang ### File 180686: Option to Ground Lease and Ground Lease - 735 Davis Senior, L.P. - 735 Davis Street - Ground Lease $15,000 Annual Base Rent - Pages: 20-21 - Sponsors: Mayor - Vote 1: adoption, likely final - Action: ual Base Rent] Sponsor: Mayor Resolution approving and authorizing the execution of an Option to Ground Lease for a term to commence following Board approval through June 30, 2019, with a 12-month option to extend, providing 735 Davis Senior, L.P. the right to ground lease the City owned parcel located at 735 Davis Street (Assessor’s Parcel Block No. 0140, Lot No. 008 ) (“Property”) with annual base rent of $15,000 for a term of 75 years with one 24-year extension option, in order to construct a 100% affordable, 53-unit multifamily rental housing development for low-income to moderate-income seniors and formally homeless seniors; adopting findings that the Ground Lease is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; adopting the Mitigation Measures and Improvement Measures Monitoring and Reporting Program; and authorizing and directing the Acting Director of Property and Director of Mayor’s Office of Housing and Community Development to execute any documents, make certain modifications, and take necessary actions to implement this Resolution, as defined herein. (Fiscal Impact) Resolution No. 267-18 ADOPTED by the following vote: - Ayes: Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee - Excused: Fewer, Tang ## Extracted text ### [Page 20](https://sfbos.info/documents/528/2018-07-24-minutes#page-20) Board of Supervisors Meeting Minutes 7/24/2018 180685 [Jurisdictional Transfer of City Property - Public Works Department - Mayor’s Office of Housing and Community Development - 735 Davis Street - $0] Sponsor: Mayor Resolution approving the jurisdictional transfer of City property at 735 Davis Street, Assessor’s Parcel Block No. 0140, Lot No. 008, from Public Works to the Mayor’s Office of Housing and Community Development for affordable housing; approving the transfer price of $0; making findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing other actions in furtherance of this Resolution, as defined herein. (Fiscal Impact) Resolution No. 266-18 ADOPTED by the following vote: Ayes: 9 - Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee Excused: 2 - Fewer, Tang 180686 [Option to Ground Lease and Ground Lease - 735 Davis Senior, L.P. - 735 Davis Street - Ground Lease $15,000 Annual Base Rent] Sponsor: Mayor Resolution approving and authorizing the execution of an Option to Ground Lease for a term to commence following Board approval through June 30, 2019, with a 12-month option to extend, providing 735 Davis Senior, L.P. the right to ground lease the City owned parcel located at 735 Davis Street (Assessor’s Parcel Block No. 0140, Lot No. 008 ) (“Property”) with annual base rent of $15,000 for a term of 75 years with one 24-year extension option, in order to construct a 100% affordable, 53-unit multifamily rental housing development for low-income to moderate-income seniors and formally homeless seniors; adopting findings that the Ground Lease is consistent with the General Plan, and the eight priority policies of Planning Code, Section 101.1; adopting the Mitigation Measures and Improvement Measures Monitoring and Reporting Program; and authorizing and directing the Acting Director of Property and Director of Mayor’s Office of Housing and Community Development to execute any documents, make certain modifications, and take necessary actions to implement this Resolution, as defined herein. (Fiscal Impact) Resolution No. 267-18 ADOPTED by the following vote: Ayes: 9 - Cohen, Brown, Kim, Mandelman, Peskin, Ronen, Safai, Stefani, Yee Excused: 2 - Fewer, Tang City and County of San Francisco Page 583 Printed at 6:40 pm on 8/29/18