HomeMy WebLinkAboutReso 165-2024 (24-1033)_ City of South San Francisco P.O. Box 711 (City Hall, 400
Grand Avenue)
City Council South San Francisco, CA
Resolution: RES 165-2024
File Number: 24-1033 Enactment Number: RES 165-2024
RESOLUTION APPROVING BUDGET AMENDMENT
NUMBER 25.024 AND AUTHORIZING THE CITY'S
ACQUISITION OF THE BELOW MARKET RATE (BMR) UNIT
AT 2230 GELLERT BOULEVARD, UNIT 3209 (APN
104540190).
WHEREAS, the City's Inclusionary Housing Ordinance (Municipal Code Chapter 20.380) creates Below
Market Rate (BMR) housing within both ownership and rental developments; and
WHEREAS, on May 31, 2024, the City received a Notice of Intent to Sell from the owner of the BMR unit
located at 2230 Gellert Boulevard, Unit 3209; and
WHEREAS, the unit was posted on Multiple Listing Service (MLS) and the City's website on September 4,
2024, with the affordability restriction set to 80% Area Median Income (AMI) and has received no qualifying
applicants for purchase; and
WHEREAS, the timeline for the City to assign its right of first refusal is set to expire shortly, after which
the BMR owner can sell the property to any buyer, removing the BMR resale restriction agreements; and
WHEREAS, to avoid the loss of this affordable housing unit, the City will immediately exercise its option
to purchase the unit using Commercial Linkage Fees (Fund 823); and
for resale.
WHEREAS, once acquired, the City can determine the appropriate income level at which to market the unit
NOW, THEREFORE, BE IT RESOLVED by the City Council of South San Francisco that it hereby:
1. Authorizes the City Manager or their designee to exercise the City's option to acquire the BMR unit.
2. Approves Budget Amendment Number 25.024 appropriating funds from the City's Commercial
Linkage Fee Fund (Fund 823) to acquire the BMR unit.
3. Authorizes the City Manager or their designee to execute all agreements, sign all documents, make all
approvals, and take all actions necessary or appropriate to carry out and implement the intent of this Resolution,
subject to approval as to form by the City Attorney.
At a meeting of the City Council on 10/23/2024, a motion was made by Councilmember Nicolas,
seconded by Councilmember Nagales, that this Resolution be approved. The motion passed.
Yes: 5 Mayor Coleman, Vice Mayor Flores, Councilmember Addiego,
Councilmember Nagales, and Councilmember Nicolas
City of South San Francisco
File Number: 24-1033
Attest by
sa Govea Acosta, City Clerk
Enactment Number: RES 165-2024
City of South San Francisco