⚠️ Aviso de traducción: Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 5 findings
F1
By not explaining how it will override/resolve potentially conflicting provisions of state law, the Development Agreement does not protect tenants against rent increases as it claims.
No recommendations for this finding
F2
Having no penalties or disincentives for the owner/developer in the Development Agreement should it choose to abandon the project before completion, encourages short term investment speculation over long term collaborative development with the City, and adds risk to the program.
No recommendations for this finding
F3
The owner/developer fails to address the social and financial impact to the Parkmerced citizen/tenants, local businesses and citizen users of the 19th Avenue traffic corridor if it elects to abandon re‐development of Parkmerced and sell the property to another party.
No recommendations for this finding
F4
The Development Agreement presumes demolition is necessary, and presents no alternative, or combination of alternatives, that might satisfy the programmatic goals of re‐ development without the demolition of 1,583 occupied units.
No recommendations for this finding
F5
The Development Agreement’s claim that it provides rent control protection on newly constructed units under the City’s rent stabilization ordinance is uncertain. It may not be enforceable.
No recommendations for this finding
Conclusions 1
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CL1The Parkmerced Mixed Use Program Development Agreement, for all its complexity, fails to mitigate the most significant risk it creates: the direct loss of statutory rights by Parkmerced citizen tenants. As it is written, the proposed Development Agreement does not give adequate rent control protection to the residents of the Parkmerced property. The owner/developer, present or future, has the opportunity to challenge the Agreement. By doing so, it will deflect a portion of its investment risk (rent control) onto tenants through no choice of their own. So long as the opportunity exists for tenants to involuntarily bear the burden of lost rent control, the City must provide legal protection. ___________________________________________________________________________ 9 PARKMERCED MIXED USE DEVELOPMENT PROGRAM
No Responses Found 1
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