Zoning agenda details
| Location | 425 First Street |
|---|---|
| Meeting date | February 26, 2009 |
| Case number | 2009.0056U |
| Agenda item | Regular calendar |
| Description | 425 First Street- Motion to Authorize Allocation of up to $1,552,973 from Rincon Hill Community Improvements Fund To Reimburse One Rincon Hill Development, LP Pursuant to Planning Code Sections 318 et seq. For New In-Kind Public Street Improvements on First and Harrison Streets. As of September 2008, a total of approximately $1,208,500 is available in the Fund, all in the form of Mello-Roos bond proceeds and held in trust by ABAG. One Rincon Hill Development, LP (the “Project Sponsor”) is currently completing construction on Phase I of its One Rincon Hill high-rise residential condominium project at 425 First Street (Block 3765, Lot 037; the “Project”). As part of Phase 1 of the Project, the Project Sponsor has constructed approximately 17,893 square feet of public streetscaping, sidewalk widening, and neighborhood open space infrastructure improvements in the First Street and Harrison Street public rights-of-way (the “Improvements”). The Improvements are of the type and kind called for in the Rincon Hill Area Plan of the General Plan and the Rincon Hill Streetscape Master Plan and are in excess of the open space required to be provided by the Project in satisfaction of Planning Code open space requirements, as well as in excess of basic street tree planting required by Planning Code Section 140 and other right-of-way infrastructure required by other agencies. The Improvements include decorative paving on sidewalks and within the roadway, extensive landscaping on sidewalks, and extensive landscaping and public seating in the First Street right-of-way. The Improvements were designed and implemented in consultation with the Planning Department. The Planning Director determined that the appropriate total value of the Improvements for purposes of fee payment pursuant to Planning Code Section 318.6 is $1,552,973 and has determined that such amount shall be appropriated from Fund to the Project Sponsor subject to fund availability. |
| Action requested | Motion to Authorize Allocation |
| Preliminary recommendation | Approval |
Added to EveryBlock on February 26, 2009.
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