Commission Meeting - March 19, 2024
Consent Agenda
Meeting minutes: March 5, 2024
Regular Agenda
Agenda Item Nos. 5(b) and 5(c) related to Transbay Block 2 Family, L.P. will be presented together but acted on separately
PowerPoint Presentation
b) Authorizing an Amended and Restated Loan Agreement with Transbay 2 Family, L.P., a California limited partnership, to increase the contract amount by $53,961,845 for a total aggregate loan amount of $61,961,845, and a Childcare/Community Commercial Loan Agreement with Transbay 2 Family Commercial LLC, a California limited liability company, in an amount of $8,676,682, for the development of 184 affordable rental housing units (including two manager’s units), a childcare facility space, and two community-serving commercial spaces at Transbay Block 2 East; Providing notice that the above-described actions are within the scope of the Transbay Redevelopment Project approved under the Transbay Terminal/ Caltrain Downtown Extension/Redevelopment Project Final Environmental Impact Statement/ Environmental Impact Report, a Program EIR, and are adequately described therein for purposes of the California Environmental Quality Act (‘CEQA”); Transbay Redevelopment Project Area
c) Authorizing a Residential Ground Lease with Transbay 2 Family, L.P., a California limited partnership, and a Childcare and Community Commercial Ground Lease with Transbay 2 Family Commercial LLC, a California limited liability company, for the development of 184 affordable rental housing units (including two manager’s units), a childcare facility space, and two community-serving commercial spaces at Transbay Block 2 East; Providing notice that the above-described actions are within the scope of the Transbay Redevelopment Project approved under the Transbay Terminal/ Caltrain Downtown Extension/ Redevelopment Project Final Environmental Impact Statement/ Environmental Impact Report, a Program EIR, and are adequately described therein for purposes of the California Environmental Quality Act (‘CEQA”); Transbay Redevelopment Project Area