The Board of Supervisors approved a resolution authorizing the city’s director of property to acquire real property at 1660 and 1670 Mission Street for approximately $18,500,000, plus estimated typical closing costs. The resolution authorizes execution of a purchase and sale agreement with the listed sellers and affirms the city’s CEQA determination and necessary findings.
The property purchase was described on the record as Item 18 and adopted on a same‑house, same‑call vote without recorded opposition. The resolution names sellers including 290 Division LLC, 166 D Mission LLC, and Skyline Capital (a Wyoming limited liability company). The purchase price on the record was approximately $18.5 million.
Why it matters: The city’s acquisition of properties on Mission Street is a significant real‑estate transaction that may be for municipal needs, future housing, or other civic uses; the resolution delegates authority to execute the purchase agreement and commits the stated purchase funds.
Details and next steps: The director of property was authorized to execute the purchase and sale agreement and close the acquisition; the resolution affirms CEQA findings. The transcript did not specify intended programmatic uses for the parcel.