HomeMy WebLinkAboutReso 132-2025 (25-942)City of South San Francisco
City Council
Resolution: RES 132-2025
P.O. Box 711 (City Hall, 400
Grand Avenue)
South San Francisco, CA
File Number: 25-942 Enactment Number: RES 132-2025
RESOLUTION APPROVING BUDGET AMENDMENT
NUMBER 26.019 AND AUTHORIZING THE CITY' S
ACQUISITION OF A BELOW MARKET RATE (BMR)
UNIT AT 2230 GELLERT BOULEVARD, UNIT 3303 (APN
104-540-230).
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 August 8, 2025, the City received a Notice of Default and Election to Sell Under
Property Association Lien for the BMR unit located at 2230 Gellert Boulevard, Unit 3303 (APN
104-540-230); and
WHEREAS, the BMR unit is subject to a recorded Resale Restriction and Right of First Refusal
Agreement, executed with the City ("Agreement"); and
WHEREAS, in accordance with the Agreement, the City holds a right of first refusal to purchase
the unit in the event of default, foreclosure, or sale, in order to preserve the unit within the City's BMR
program; and
WHEREAS, in the instance the current owner has not cured the default status, City staff
recommends exercising this right to acquire the property and preserve its affordability, using funds from the
Commercial Linkage Fee Fund (Fund 823); and
WHEREAS, once acquired, the City can determine the appropriate income level at which to
market the unit for resale to a qualified BMR buyer.
NOW, THEREFORE, BE IT RESOLVED by the City 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 26.019, authorizing the allocation of $787,600 in the City's
Commercial Linkage Fee Fund (Fund 823) for the acquisition of a BMR unit located at 2230 Gellert
Boulevard, Unit 3303 (APN 104-540-230).
3. Authorizes the City Manager, or their designee, to take all necessary steps to execute the City's right
of first refusal and acquire the title to the property, including execution of all related purchase
documents, or appropriate action to carry out and implement the intent of this Resolution, subject to
approval as to form by the City Attorney.
City of South San Francisco
File Number: 25-942
Enactment Number: RES 132-2025
At a meeting of the City Council on 9/10/2025, a motion was made by Councilmember Coleman,
seconded by Vice Mayor Addiego, that this Resolution be approved. The motion passed.
Yes: 5 Mayor Flores, Vice Mayor Addiego, Councilmember Nagales,
Councilmember Coleman, and Councilmember Nicolas
Attest by
kr
Ik6sa Govea Acosta, City Clerk
City of South San Francisco