HomeMy WebLinkAbout03.23.22@630 RegularWednesday, March 23, 2022
6:30 PM
City of South San Francisco
P.O. Box 711 (City Hall, 400 Grand Avenue)
South San Francisco, CA
Municipal Services Building, Council Chambers
33 Arroyo Drive, South San Francisco, CA
Successor Agency to the Redevelopment Agency
Regular Meeting Agenda
HYBRID IN-PERSON/VIRTUAL MEETING
March 23, 2022Successor Agency to the
Redevelopment Agency
Regular Meeting Agenda
HYBRID IN-PERSON/VIRTUAL MEETING NOTICE
The purpose of conducting the meeting as described in this notice is to provide the safest environment for staff
and the public while allowing for public participation.
Boardmembers Coleman, Flores and Addiego, Vice Chair Nicolas and Chair Nagales and essential City staff
may participate via Teleconference.
Pursuant to Ralph M. Brown Act, Government Code Section 54953, all votes shall be by roll call due to
council members participating by teleconference.
The Successor Agency may meet by teleconference, consistent with the Brown Act as amended by AB 361
(2021). Under the amended rules, the City will not provide a physical location for members of the public to
participate in the teleconference meeting.
American Disability Act:
The Board Clerk will provide materials in appropriate alternative formats to comply with the Americans with
Disabilities Act. Please send a written request to Board Clerk Rosa Govea Acosta at 400 Grand Avenue,
South San Francisco, CA 94080, or email at [email protected]. Include your name, address, phone number, a
brief description of the requested materials, and preferred alternative format service at least 72-hours before the
meeting.
Accommodations: Individuals who require special assistance of a disability -related modification or
accommodation to participate in the meeting, including Interpretation Services, should contact the Office of the
City Clerk by email at [email protected], 72-hours before the meeting.
Notification in advance of the meeting will enable the City of South San Francisco to make reasonable
arrangements to ensure accessibility to the meeting.
Page 2 City of South San Francisco Printed on 4/18/2022
March 23, 2022Successor Agency to the
Redevelopment Agency
Regular Meeting Agenda
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How to submit written Public Comment before the City Council Meeting:
Members of the public are encouraged to submit public comments in writing in advance of the meeting via the
eComment tab by 4:30 p.m. on the meeting date. Use the eComment portal by clicking on the following link :
https://ci-ssf-ca.granicusideas.com/meetings or by visiting the City Council meeting's agenda page. eComments
are also directly sent to the iLegislate application used by Successor Agency and staff.
How to provide Public Comment during the City Council Meeting:
1) By Phone: (669) 900-6833. Webinar ID is 824 7621 9336. Click *9 to raise a hand to speak. Click *6 to
unmute when called.
By One tap mobile: US: +16699006833,,82476219336# or +12532158782,,82476219336#
2) Online at: https://ssf-net.zoom.us/j/82476219336
a. Enter an email address and name. The name will be visible online and will be used to notify you that it is your
turn to speak.
b. When the Clerk calls for the item on which you wish to speak, click on "raise hand." Speakers will be notified
shortly before they are called to speak.
c. When called, please limit your remarks to the time limit allotted.
IN-PERSON: Please complete a Digital Speaker Card located at the entrance to the Council Chamber ’s. Be
sure to indicate the Agenda Item # you wish to address or the topic of your public comment. When your name
is called, please come to the podium, state your name and address (optional) for the Minutes. COMMENTS
ARE LIMITED TO THREE (3) MINUTES PER SPEAKER. Thank you for your cooperation.
Page 3 City of South San Francisco Printed on 4/18/2022
March 23, 2022Successor Agency to the
Redevelopment Agency
Regular Meeting Agenda
PEOPLE OF SOUTH SAN FRANCISCO
The Successor Agency's regular meetings are held on the fourth Wednesday of each month at 6:30 p.m.
MARK NAGALES, Chair
BUENAFLOR NICOLAS, Vice Chair
MARK ADDIEGO, Boardmember
JAMES COLEMAN, Boardmember
EDDIE FLORES, Boardmember
ROSA GOVEA ACOSTA, Board Clerk
FRANK RISSO, City Treasurer
MIKE FUTRELL, City Manager
SKY WOODRUFF, City Attorney
In accordance with California Government Code Section 54957.5, any writing or document that is a public
record, relates to an open session agenda item, and is distributed less than 72 hours prior to a regular
meeting will be made available for public inspection in the City Clerk’s Office located at City Hall. If,
however, the document or writing is not distributed until the regular meeting to which it relates, then the
document or writing will be made available to the public at the location of the meeting, as listed on this
agenda. The address of City Hall is 400 Grand Avenue, South San Francisco, California 94080.
Page 4 City of South San Francisco Printed on 4/18/2022
March 23, 2022Successor Agency to the
Redevelopment Agency
Regular Meeting Agenda
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
AGENDA REVIEW
PUBLIC COMMENTS
Comments received by the deadline will be included as part of the meeting record but will not be read aloud
during the meeting.
The Public Comment portion of the meeting is reserved for persons wishing to address the Successor Agency
on any matter NOT on the agenda. Comments on agenda items will be taken when that item is called. If joining
the conference by phone you may raise your hand by dialing *9 and *6 to unmute.
State law prevents Council from responding to public comments or taking action on matters not on the agenda .
The Successor Agency may refer comments to staff for follow -up. Speakers are limited to three minutes. If
there appears to be a large number of speakers, the Chair may reduce speaking time to limit the total amount of
time for public comments (Gov. Code sec. 54954.3.(b)(1).). Speakers that are not in compliance with the City
Council's rules of decorum will be muted.
CONSENT CALENDAR
Motion to approve the Minutes for the meetings of August 25, 2021, September 8,
2021, December 8, 2021, and February 9, 2022.
1.
Report regarding a resolution of the Successor Agency to the Former Redevelopment
Agency of the City of South San Francisco authorizing an amendment to the Land
Lease Agreement with Magnolia SSF LP for 630 Baden Avenue. (Sky Woodruff, City
Attorney)
2.
Resolution of the Successor Agency to the Former Redevelopment Agency of the City
of South San Francisco authorizing the Executive Director to amend the Land Lease
Agreement with Magnolia SSF LP for the land at 630 Baden Avenue.
2a.
ADJOURNMENT
Page 5 City of South San Francisco Printed on 4/18/2022
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:22-209 Agenda Date:3/23/2022
Version:1 Item #:1.
Motion to approve the Minutes for the meetings of August 25, 2021, September 8, 2021, December 8, 2021,
and February 9, 2022.
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CALL TO ORDER 6:36 p.m.
ROLL CALL Boardmember Coleman, participated via Zoom
Boardmember Flores, present in Council Chambers
Boardmember Nicolas, present in Council Chambers
Vice Chair Nagales, participated via Zoom
Chair Addiego, present in Council Chambers
AGENDA REVIEW
No changes.
PUBLIC COMMENTS
None.
CONSENT CALENDAR
1. Motion to approve the Minutes for the meetings of July 22, 2020 and December 9, 2020.
2. Report regarding Resolution No. 01-2021 of the Successor Agency to the Former Redevelopment
Agency of the City of South San Francisco reviewing and approving the amended recognized
obligation payment schedule for the period January 1, 2022 through June 30, 2022, pursuant to
health and safety code sections 34177(o)(1)(E). (Mike Futrell, City Manager)
Motion—Boardmember Nicolas/Second—Boardmember Flores: To approve consent calendar.
Approved by the following roll call vote: AYES: Boardmembers Coleman, Flores, and Nicolas, Vice
Chair Nagales and Chair Addiego; NAYS: None; ABSENT: None; ABSTAIN: None.
ADJOURNMENT
Being no further business Chair Addiego adjourned the meeting at 6:39 p.m.
Submitted: Approved:
Rosa Govea Acosta, MMC, CPMC Mark Nagales
City Clerk Chair
Approved by the Successor Agency: / /
MINUTES
REGULAR SUCCESSOR AGENCY
TO THE REDEVELOPMENT AGENCY
Hybrid In-Person/Virtual Meeting
City Council conducted this meeting in-person and remotely via the ZOOM
virtual meeting platform in accordance with California Governor Newsom’s
Executive Orders N-29-20, N-63-20, and
N-08-21 and COVID-19 pandemic protocols.
WEDNESDAY, AUGUST 25, 2021
6:30 P.M.
CALL TO ORDER Mayor Addiego called the meeting to order at 6:13 p.m.
ROLL CALL Councilmember Coleman, present in Council Chambers
Councilmember Flores, present in Council Chambers
Councilmember Nicolas, present in Council Chambers
Vice Mayor Nagales, present in Council Chambers
Mayor Addiego, present in Council Chambers *
*For purposes of these minutes Successor Agency Member titles are assumed in the reference to
Councilmembers titles and all actions and discussions are on behalf of the Council and Successor
Agency in a joint capacity.
AGENDA REVIEW
No changes.
PUBLIC COMMENTS – comments are limited to items on the Special Meeting Agenda.
Members of the public were encouraged to submit public comments in writing in advance of the
meeting via eComment or during the meeting via Zoom. Two guest users and the following
individual provided public comment via Zoom:
• Alan Perez
Meeting recessed: 6:16 p.m.
Meeting resumed: 7:20 p.m.
CLOSED SESSION
Entered Closed Session: 7:21 p.m.
Resumed from Closed Session: 8:01 p.m.
MINUTES
JOINT SPECIAL MEETING
CITY COUNCIL AND SUCCESSOR AGENCY
CITY OF SOUTH SAN FRANCISCO
WEDNESDAY, SEPTEMBER 8, 2021
6:01 p.m.
Hybrid In-Person/Virtual Meeting
City Council conducted this meeting in-person and remotely via the
ZOOM virtual meeting platform in accordance with California
Governor Newsom’s Executive Orders N-29-20,
N-63-20, and N-08-21 and COVID-19 pandemic protocols.
JOINT SPECIAL CC & SA MEETING SEPTEMBER 8, 2021
MINUTES PAGE 2
1. Closed Session:
Conference with Real Property Negotiators
(Pursuant to Government Code 54956.8)
Properties: 616, 700 and 905 Linden Avenue
(APNs 012-174-300, 012-145-370, 012-101-100)
Agency Negotiators: Alex Greenwood, ECD Director; Nell Selander, ECD Deputy Director;
and Julie Barnard, Economic Development Coordinator)
Negotiating Parties: City of South San Francisco and City of South San Francisco Successor
Agency to the Redevelopment Agency
Under Negotiation: Price and Terms
Report out of Closed Session by Mayor Addiego: No reportable action.
ADJOURNMENT
Being no further business Mayor Addiego adjourned the meeting at 8:02 p.m.
Respectfully submitted by: Approved by:
Rosa Govea Acosta, MMC, CPMC Mark Nagales
City Clerk Mayor
_______________________________ _______________________
Rosa Govea Acosta, MMC, CPMC Mark Nagales
Clerk of the Board Chair
Approved by the City Council: / /
CALL TO ORDER 6:02 p.m.
ROLL CALL Boardmember Coleman, present in Council Chambers
Boardmember Flores, present in Council Chambers
Boardmember Nicolas, present in Council Chambers
Vice Chair Nagales, present in Council Chambers
Chair Addiego, present in Council Chambers
AGENDA REVIEW
No changes.
PUBLIC COMMENTS - comments are limited to items on the Special Meeting Agenda.
None.
ADMINISTRATIVE BUISNESS
1. Report regarding Resolution No. 02-2021 of the Successor Agency to the Former Redevelopment
Agency of the City of South San Francisco, reviewing and approving a Recognized Obligation
Payment Schedule and Administrative Budget for Fiscal Year 2022-23. (Janet Salisbury - Finance
Director, Eunejune Kim - Public Works Director, and Suzy Kim - RSG)
Motion—Vice Chair Nicolas/Second—Board member Coleman: To approve Resolution No. 02-2021,
by the following roll call vote: AYES: Board members Addiego, Coleman, and Flores, Vice Chair
Nicolas and Chair Nagales; NAYS: None; ABSENT: None; ABSTAIN: None.
ADJOURNMENT
Being no further business Chair Nagales adjourned the meeting at 6:02 p.m.
Submitted: Approved:
Rosa Govea Acosta, MMC, CPMC Mark Nagales
Clerk of the Board Chair
Approved by the Successor Agency: / /
MINUTES
SPECIAL SUCCESSOR AGENCY
TO THE REDEVELOPMENT AGENCY
Hybrid In-Person/Virtual Meeting
City Council conducted this meeting in-person and remotely via the ZOOM
virtual meeting platform in accordance with California Governor Newsom’s
Executive Orders N-29-20, N-63-20, and
N-08-21 and COVID-19 pandemic protocols.
WEDNESDAY, DECEMBER 8, 2021
6:01 P.M.
CALL TO ORDER Mayor Nagales called the meeting to order at 5:30 p.m.
ROLL CALL Councilmember Addiego, present *
Councilmember Coleman, present – joined the meeting at 5:35 p.m.
Councilmember Flores, present
Vice Mayor Nicolas, present
Mayor Nagales, present
*For purposes of these minutes Successor Agency Member titles are assumed in the reference to
Councilmembers titles and all actions and discussions are on behalf of the Council and Successor
Agency in a joint capacity.
AGENDA REVIEW
No changes.
PUBLIC COMMENTS – comments are limited to items on the Joint Special Meeting.
The following individuals provided public comment via eComment including ten guest users:
• Rick J.
• Celeste Perez
• Daniel Perez
• David Ceballos
• Daniel Perez
The following individuals provided public comment:
• Russell
• Olga Perez
• Hermes Monzon
• Tom Carney
MINUTES
JOINT SPECIAL MEETING
CITY COUNCIL AND SUCCESSOR AGENCY
CITY OF SOUTH SAN FRANCISCO
WEDNESDAY, FEBRUARY 9, 2022
5:30 p.m.
Teleconference via Zoom
The City Council may meet by teleconference, consistent with the Brown Act as amended
by AB 361 (2021. Under the amended rules, the City will not provide a physical location
for members of the public to participate in the teleconference meeting.
JOINT SPECIAL MEETING CITY COUNCIL AND SUCCESSOR AGENCY FEBRUARY 9, 2022
MINUTES PAGE 2
ADMINISTRATIVE BUSINESS
1. Report regarding the Successor Agency disposition and City acquisition of the former
Redevelopment Agency properties at 616 and 700 Linden Avenue for $1,660,000. (Deanna
Talavera, Management Analyst II)
1a. Resolution No. 16-2022 appropriating $1,660,000 through Budget Amendment number
22.048 for the allocation of funds to pay the Taxing Entities to retain control of the former
Redevelopment Agency properties at 616 and 700 Linden Avenue for the purpose of
constructing a park.
Management Analyst Talavera presented the report and provided an overview of the proposed
disposition and acquisition of former Redevelopment Agency properties at 616 and 700 Linden
Avenue. The plot at 616 Linden Avenue measures 100 feet by 140 feet and is zoned Downtown Mixed
Use. The land is currently used as a 20-space metered parking lot. In 1997, the agency paid $325,000
for the property. A Quonset hut-style building, and an automotive repair shop were the only structures
on the property at the time.
The lot at 700 Linden Avenue is a 14,000-square-foot site that is 100 feet by 140 feet and is also zoned
Downtown Mixed Use. The Agency bought the property for $315,000 in 1998 with the idea of using
it as neighborhood parking. The parcel is now open green space.
According to the Long-Range Property Management Plan ("LRPMP") and California Health and
Safety Code section 34191.5 (c)(2)(A)(i), the Properties were transferred to the City for disposition
in accordance with the LRPMP. According to the LRPMP, the highest and best use for the properties
at 616 and 700 Linden Avenue is high density housing. Section 34177(e) of the Health and Safety
Code mandates that former redevelopment agency properties be sold "as quickly as possible" and in
a way that "maximizes value."
In the past when disposing of other properties on the LRPMP, the City has sought approval of the
sales price from the County of San Mateo Countywide Oversight Board, which is comprised of
representatives from the Taxing Entities, and it intends to do so here as well. The City monies
allocated to keep the Properties for development as parks will be dispersed to the Taxing Entities in
the following percentages, assuming approval by the Oversight Board:
Taxing Entity Percentage of
Proceeds
South San Francisco Unified School District 43.9%
San Mateo County 25.7%
City of South San Francisco 16.7%
SMC Community College District 7.3%
Other 6.4%
In the City's existing Housing Element, the above properties have been identified as housing
opportunity locations. The City will have to find other acceptable sites to replace the Properties if
they are developed as a park. If the Properties are developed as a park, this re-designation will be
dealt with during the next Housing Element cycle.
JOINT SPECIAL MEETING CITY COUNCIL AND SUCCESSOR AGENCY FEBRUARY 9, 2022
MINUTES PAGE 3
Budget Amendment number 22.048 requests that the City Council authorize spending $1,660,000
from the Parks Acquisition Fund (Fund 805) to pay for the preservation of 616 and 700 Linden
Avenues. The real cost to the City, if accepted by the Oversight Board, would be $1,382,780, because
the City is entitled to a 16.7% share (or approximately $277,220) of the net profits from the
transaction.
Councilmember Addiego requested clarification on the purchase price of the property and funding.
Acting Deputy Director of Economic and Community Development Barnard provided an overview
of the acquisition process and cost. City Manager Futrell indicated that $1.1 million funding comes
from developer and impact fees.
Councilmember Flores expressed his support of the acquisition of these sites noting the benefits to
the community and their quality of life. Vice Mayor Nicolas also voiced support and concurred with
Councilmember Flores.
Councilmember Coleman expressed his support and noted the importance of open space for the
community.
Mayor Nagales expressed his support and the benefits to the community for future open space by
reinvesting funds into the community. He requested that staff respond to community member
Carney’s inquiry.
Motion – Councilmember Addiego / Second - Councilmember Coleman: To adopt City Council
Resolution No. 16-2022 and Successor Agency Resolution No. 01-2022 appropriating $1,660,000
through Budget Amendment number 22.048 for the allocation of funds to pay the Taxing Entities to
retain control of the former Redevelopment Agency properties at 616 and 700 Linden Avenue for the
purpose of constructing a park, by roll call vote: AYES: Councilmembers Addiego, Coleman, and
Flores, Vice Mayor Nicolas, and Mayor Nagales; NAYS: None; ABSENT: None; ABSTAIN: None.
ADJOURNMENT
Being no further business Mayor Nagales adjourned the meeting at 5:58 p.m.
Submitted by: Approved by:
Rosa Govea Acosta, MMC, CPMC Mark Nagales
City Clerk Mayor
Rosa Govea Acosta, MMC, CPMC Mark Nagales
City Clerk Chair
Approved by the City Council: / /
City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:22-184 Agenda Date:3/23/2022
Version:1 Item #:2.
Report regarding a resolution of the Successor Agency to the Former Redevelopment Agency of the
City of South San Francisco authorizing an amendment to the Land Lease Agreement with Magnolia
SSF LP for 630 Baden Avenue.(Sky Woodruff, City Attorney)
RECOMMENDATION
It is recommended that the Successor Agency to the Former Redevelopment Agency of the City of
South San Francisco (“Successor Agency”) adopt a resolution of the Successor Agency to the
Former Redevelopment Agency of the City of South San Francisco authorizing an amendment to the
Land Lease Agreement with Magnolia SSF LP for 630 Baden Avenue.
BACKGROUND/DISCUSSION
The Successor Agency to the Former Redevelopment Agency of the City of South San Francisco is the fee
owner of the land located at 630 Baden Avenue in South San Francisco. The Former Redevelopment Agency of
the City of South San Francisco and South San Francisco Magnolia Plaza Associates, a California limited
partnership, were parties to that certain Land Lease dated as of May 1, 1987 (“Original Lease”). The Original
Lease allowed for the construction of affordable residential units at Magnolia Plaza. Pursuant to an Assignment
and Assumption of Land Lease dated as of December 10, 2021, and together with the Original Lease,
(collectively the “Lease”), and recorded December 16, 2021, the Successor Agency and South San Francisco
Magnolia Plaza Associates assigned all of its right, title, and interest, as tenant under the Original Lease, to
Magnolia SSF LP. Magnolia SSF LP is a single purpose entity fully owned by BRIDGE Housing Corporation, a
San Francisco based affordable housing non-profit. Magnolia SSF LP agreed to assume the Original Lease for
the balance of the term and to perform all of the covenants, duties, and obligations of San Francisco Magnolia
Plaza Associates, as tenant under the Original Lease. The Successor Agency has acknowledged Magnolia SSF
LP as the tenant under the Lease.
The Successor Agency and Magnolia SSF LP now desire to amend the terms of the Lease to provide for certain
modifications requested by Magnolia SSF LP’s lender, Freddie Mac, (“Lender”) in connection with financing
of the leasehold estate.
A Lease amendment may be required by the Lender to amend Section 4.2 to incorporate one or more of the
following requirements:
·Lender consent to termination for any termination, surrender or cancellation
·Written notice to Lender before termination for any termination, surrender or cancellation
·Clarify Lender’s right to a new lease following a rejection of the lease by Magnolia SSF LP in a
bankruptcy.
The Executive Director will only approve language requiring Lender consent prior to termination, surrender or
cancellation of the Lease if necessary to complete the financing, to ensure the ongoing affordability of the units.
Adoption of the resolution will authorize the Executive Director to the Successor Agency to execute an
amendment to the Lease, according to the terms identified above, and any other modifications that do not
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File #:22-184 Agenda Date:3/23/2022
Version:1 Item #:2.
increase the Successor Agency’s obligations, subject to Agency Counsel approval as to form.
In the course of working on this issue, staff determined that the Successor Agency is still the fee owner of the
land located at 630 Baden Avenue. It is not clear why the property was not conveyed to the City as the Housing
Successor as part of the redevelopment dissolution process. At a future meeting, staff will be bringing to the
Successor Agency Board and City Council proposed actions for the Successor Agency to convey 630 Baden to
the City as the Housing Successor, for the City to retain for affordable housing purposes.
FISCAL IMPACT
The proposed amendments to the Lease will not change the financial obligations of the Successor
Agency.
CONCLUSION
To assist Magnolia SSF LP with refinancing to ensure ongoing affordability of the units at Magnolia
Plaza, it is recommended that the Board adopt a resolution authorizing an amendment to the Land
Lease Agreement with Magnolia SSF LP for the land located at 630 Baden Avenue.
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City of South San Francisco
Legislation Text
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File #:22-211 Agenda Date:3/23/2022
Version:1 Item #:2a.
Resolution of the Successor Agency to the Former Redevelopment Agency of the City of South San
Francisco authorizing the Executive Director to amend the Land Lease Agreement with Magnolia
SSF LP for the land at 630 Baden Avenue.
WHEREAS,the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco
(“Successor Agency”) is the fee owner of the land located at 630 Baden Avenue in South San Francisco; and
WHEREAS, the Former Redevelopment Agency of the City of South San Francisco and South San Francisco
Magnolia Plaza Associates, a California limited partnership, were parties to that certain Land Lease dated as of
May 1, 1987 (“Original Lease”). Pursuant to the Original Lease, the Magnolia Plaza project was constructed at
630 Baden Avenue, including affordable residential units; and
WHEREAS, pursuant to an Assignment and Assumption of Land Lease dated as of December 10, 2021, and
together with the Original Lease, (collectively the “Lease”), and recorded December 16, 2021, the Successor
Agency and South San Francisco Magnolia Plaza Associates assigned all of its right, title, and interest, as tenant
under the Original Lease, to Magnolia SSF LP; and
WHEREAS, Magnolia SSF LP agreed to assume the Original Lease for the balance of the term and to perform
all of the covenants, duties, and obligations of San Francisco Magnolia Plaza Associates, as tenant under the
Original Lease; and
WHEREAS, the Successor Agency has acknowledged Magnolia SSF LP as the tenant under the Lease; and
WHEREAS, the Successor Agency and Magnolia SSF LP now desire to amend the terms of the Lease to
provide for certain modifications requested by Magnolia SSF LP’s lender, Freddie Mac, (“Lender”) in
connection with financing of the leasehold estate.
NOW, THEREFORE , the Successor Agency to the Redevelopment Agency of the City of South San
Francisco does hereby resolve as follows:
1.The Recitals set forth above are true and correct, and are incorporated herein by reference.
2.The Executive Director is hereby authorized to take all actions necessary to implement this
Resolution, including without limitation, amendment to the Land Lease Agreement with
Magnolia SSF LP for 630 Baden Avenue,subject to approval as to form by the City Attorney.
3.The Executive Director is authorized to amend Section 4.2 of the Lease to incorporate one or more
of the following requirements:
·Lender consent to termination for any termination, surrender or cancellation
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File #:22-211 Agenda Date:3/23/2022
Version:1 Item #:2a.
·Written notice to Lender before termination for any termination, surrender or cancellation
·Clarify Lender’s right to a new lease following a rejection of the lease by Magnolia SSF LP in a
bankruptcy
4.The Executive Director is authorized to make any other modifications to the Lease that do not increase
the Successor Agency’s obligations, subject to approval as to form by the City Attorney.
5.The Executive Director, and his designees, are authorized and directed to take such actions as
necessary and appropriate to carry out and implement the intent of this Resolution.
*** * *
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