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City Officer: Lee, Edwin – Mayor – Filed: November 27, 2013 – Contractor: Franciscan Towers Associates L.P., a California limited partnership


Nature of Contract

75-year ground lease with a 24-year option to extend with Franciscan Towers Associates L.P. to operate the improvements at 201-229 Eddy Street as affordable housing.

Date Contract Approved

November 27, 2013


Up to $420,000 annual ground lease payments, as building's revenue allows.


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