# Board of Supervisors Minutes: February 8, 2022 - Meeting date: 2022-02-08 - Document type: minutes - Source format: PDF - Extracted pages: 27 - [Canonical HTML transcript](https://sfbos.info/documents/824/2022-02-08-minutes) - [Authoritative City source](https://sfgov.legistar.com/View.ashx?M=M&ID=929971&GUID=F6591A8C-667A-4062-AAE9-8E51454EA62D) > This text was extracted for search and accessibility. The linked City source is the authoritative public record. ## Structured legislative records ### File 211196: Adding Territory to and Adopting Amendments to the Infrastructure Financing Plan for Infrastructure and Revitalization Financing District No. 1 (Treasure Island) - Pages: 7-8 - Sponsors: Mayor - Vote 1: first-reading - Action: 211196 [Adding Territory to and Adopting Amendments to the Infrastructure Financing Plan for Infrastructure and Revitalization Financing District No. 1 (Treasure Island)] Sponsor: Mayor Ordinance adding territory to and adopting amendments to the Infrastructure Financing Plan for City and County of San Francisco Infrastructure and Revitalization Financing District No. 1 (Treasure Island) and project areas therein; and determining other matters in connection therewith, as defined herein. PASSED ON FIRST READING by the following vote: - Ayes: Chan, Mandelman, Mar, Melgar, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Haney ### File 211223: Settlement of Lawsuit - Leadwell Global Property LLC - Stipulated Assessed Value of $152,600,000 - Pages: 8-9 - Vote 1: final-passage, likely final - Action: 211223 [Settlement of Lawsuit - Leadwell Global Property LLC - Stipulated Assessed Value of $152,600,000] Ordinance authorizing settlement of the lawsuit filed by Leadwell Global Property LLC against the City and County of San Francisco for a stipulated assessed value of the real property located at 1 Nob Hill Circle, aka 999 California Street, San Francisco, CA (Assessor’s Parcel Block No. 0255, Lot No. 002) (the “Subject Property”) of $152,600,000 as of February 28, 2017, contingent upon the Assessment Appeals Board’s approval; the lawsuit was filed on June 26, 2020, in San Francisco Superior Court, Case No. CGC-20-585163; entitled Leadwell Global Property LLC v. City and County of San Francisco, et al.; the lawsuit involves the assessed value of the Subject Property for property tax purposes as of the February 28, 2017, change in ownership date. (City Attorney) Ordinance No. 022-22 FINALLY PASSED by the following vote: - Ayes: Chan, Mandelman, Mar, Melgar, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Haney ### File 211291: General Obligation Bond Election - Muni Reliability and Street Safety - Pages: 9-10 - Sponsors: Mayor; Walton, Mandelman, Safai, Haney, Mar, Melgar, Ronen and Preston - Vote 1: continuance - Action: rds to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code, Chapter 37; providing for the levy and collection of taxes to pay both principal and interest on such bonds; incorporating the provisions of Administrative Code, Sections 5.30-5.36; setting certain procedures and requirements for the election; finding that the proposed bond is not a project under the California Environmental Quality Act (CEQA); and finding that the proposed bond is in conformity with the eight priority policies of Planning Code, Section 101.1(b), and with the General Plan consistency requirement of Charter, Section 4.105, and Administrative Code, Section 2A.53. (Pursuant to California Government Code, Sections 43607 and 43608, this matter shall require a vote of two-thirds (8 votes) of all members of the Board of Supervisors to approve passage of this Resolution.) (Fiscal Impact) Supervisor Ronen requested to be added as a co-sponsor. Supervisor Chan, seconded by Supervisor Melgar, moved that this Resolution be CONTINUED to a Committee of the Whole hearing at the Board of Supervisors meeting of February 15, 2022. The motion carried by the following vote: - Ayes: Chan, Mandelman, Mar, Melgar, Peskin, Preston, Ronen, Safai, Stefani, Walton - Excused: Haney ## Extracted text ### [Page 8](https://sfbos.info/documents/824/2022-02-08-minutes#page-8) Board of Supervisors Meeting Minutes 2/8/2022 Recommendation of the Government Audit and Oversight Committee 211223 [Settlement of Lawsuit - Leadwell Global Property LLC - Stipulated Assessed Value of $152,600,000] Ordinance authorizing settlement of the lawsuit filed by Leadwell Global Property LLC against the City and County of San Francisco for a stipulated assessed value of the real property located at 1 Nob Hill Circle, aka 999 California Street, San Francisco, CA (Assessor’s Parcel Block No. 0255, Lot No. 002) (the “Subject Property”) of $152,600,000 as of February 28, 2017, contingent upon the Assessment Appeals Board’s approval; the lawsuit was filed on June 26, 2020, in San Francisco Superior Court, Case No. CGC-20-585163; entitled Leadwell Global Property LLC v. City and County of San Francisco, et al.; the lawsuit involves the assessed value of the Subject Property for property tax purposes as of the February 28, 2017, change in ownership date. (City Attorney) Ordinance No. 022-22 FINALLY PASSED by the following vote: Ayes: 10 - Chan, Mandelman, Mar, Melgar, Peskin, Preston, Ronen, Safai, Stefani, Walton Excused: 1 - Haney City and County of San Francisco Page 101 Printed at 5:28 pm on 3/14/22 ### [Page 9](https://sfbos.info/documents/824/2022-02-08-minutes#page-9) Board of Supervisors Meeting Minutes 2/8/2022 NEW BUSINESS Recommendations of the Budget and Finance Committee President Walton requested File Nos. 211291 and 211290 be called together. 211291 [General Obligation Bond Election - Muni Reliability and Street Safety] Sponsors: Mayor; Walton, Mandelman, Safai, Haney, Mar, Melgar, Ronen and Preston Resolution determining and declaring that the public interest and necessity demand the construction, acquisition, improvement, and retrofitting of transportation, street safety and transit related improvements, and other critical infrastructure and facilities for transportation system improvements and safety improvements and related costs necessary or convenient for the foregoing purposes; authorizing landlords to pass-through 50% of the resulting property tax increase to residential tenants under Administrative Code, Chapter 37; providing for the levy and collection of taxes to pay both principal and interest on such bonds; incorporating the provisions of Administrative Code, Sections 5.30-5.36; setting certain procedures and requirements for the election; finding that the proposed bond is not a project under the California Environmental Quality Act (CEQA); and finding that the proposed bond is in conformity with the eight priority policies of Planning Code, Section 101.1(b), and with the General Plan consistency requirement of Charter, Section 4.105, and Administrative Code, Section 2A.53. (Pursuant to California Government Code, Sections 43607 and 43608, this matter shall require a vote of two-thirds (8 votes) of all members of the Board of Supervisors to approve passage of this Resolution.) (Fiscal Impact) Supervisor Ronen requested to be added as a co-sponsor. Supervisor Chan, seconded by Supervisor Melgar, moved that this Resolution be CONTINUED to a Committee of the Whole hearing at the Board of Supervisors meeting of February 15, 2022. The motion carried by the following vote: Ayes: 10 - Chan, Mandelman, Mar, Melgar, Peskin, Preston, Ronen, Safai, Stefani, Walton Excused: 1 - Haney City and County of San Francisco Page 102 Printed at 5:28 pm on 3/14/22