Title
Report regarding a Resolution authorizing the First Amendment to the Development Agreement Between the City of South San Francisco and SSF PUC Housing Partners for the Former San Francisco Public Utilities Commission ("PUC") Opportunity Site. (Sky Woodruff, City Attorney and Nell Selander, Director of Economic and Community Development)
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RECOMMENDATION
Staff recommends that the City Council adopt a resolution approving the First Amendment to the Development Agreement between the City of South San Francisco and the SSF PUC Housing Partners, LLC.
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On June 13, 2019, SSF Housing Partners LLC (hereinafter "Developer" or "applicant") submitted an application for a mixed-use development on a vacant 5.9-acre site, known generally as the "PUC Site." The Developer, SSF Housing Partners LLC, proposed construction of a high-density mixed-use residential development consisting of 800 rental units, an approximately 8,307 SF childcare facility, approximately 12,992 SF of retail space (market hall), 1 acre of publicly accessible open space, and 800 parking spaces over the 5.9 acres at 1051 Mission Road (APNs: 093312050 and 093312060) collectively referred to as the "Project Site."
On November 13, 2019, the City Council held a lawfully noticed public hearing to solicit public comment, consider proposed entitlements and environmental effects of the Project, and take public testimony. City Council approved the Project and authorized the City Manager to enter into a Development Agreement with the SSF PUC Housing Partners for the development of the Project Site, which was executed on January 10, 2020. The full Development Agreement is included at Attachment 1 to this report and reflects the business terms of the project development.
Below is a list of the key terms represented in the Development Agreement:
* Development fee requirements;
* Prevailing wage requirement;
* Maintenance of all project improvements, with the exception of any pedestrian or vehicle br...
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