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Resolution making findings and determining that the acquisition of several properties at 226-246 Grand Avenue (APNs 012-315-130, 012-315-140, and 012-315-150) in conformance with the South San Francisco adopted General Plan in accordance with provisions of State Planning Law (Govt. Code Section 65402)
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WHEREAS, the long-time owners of four consecutive buildings spanning three parcels on Grand Avenue in Downtown South San Francisco approached the City in late 2022 with interest in selling 226-230 Grand Avenue, 232-238 Grand Avenue, and 240-246 Grand Avenue (the "Properties"); and
WHEREAS, the Sellers of the Properties, Giffra Enterprises, LLC, have held them within the same family for over one hundred years; and
WHEREAS, currently, the Properties are home to successful ground floor commercial uses with vacant second floors containing mostly single room occupancy hotels and three residential units; and
WHEREAS, in 2023 the City Council directed staff to evaluate the Properties for potential acquisition; and
WHEREAS, after completion of Property Conditions Assessments, financial and architectural analysis, and an appraisal, the City Council directed staff to negotiate the purchase of the Properties; and
WHEREAS, the Properties will be acquired using the City's Commercial Linkage Fee fund, Fund 823, which is dedicated to fund affordable housing programs and projects for households earning 120% of the area median income or less; and
WHEREAS, purchase of these properties provides a unique opportunity for the City to develop affordable housing in the Downtown; and
WHEREAS, prior to purchase of real property by the City, the Planning Commission as the planning agency for the City is required to find such disposition is in conformity with the adopted general plan in accordance with Government Code section 65402; and,
WHEREAS, the General Plan contains several goals, policies and actions which support the purchase of the Grand Avenue parcels, in the...
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