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SFGTV Government Access Programming July 13, 2024

Recession or not a property cannot find the tenant that is allowable even with conditional use but could find a tenant in the nonpermitted use, and the recommendation would be without affecting whether or not that use was permitted, if you did have a lease commitment for a certain type of nonpermitted use that would exempt you for the tax. An example. There is flexible retail permitted in the southern half of the city and less so in other parts of the city. A conditional use will not permit that in many areas of the city. If a Property Owner of the vacant unit had a lease commitment, however, that deserves to exempt them from the tax. It shows they are trying to find a tenant and are on the ball. Whether or not the city wanted to grant a variance as needed is an entirely separate issue. To conclude the main part of the report is the problem ofvay cant store vacant storefronts is not divorced from the general issue of declining ret ....

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SFGTV Government Access Programming July 13, 2024

Year and 500 and 1,000 in year three and beyond. A property would be deemed vacant if it is unused for more than 182 days in a given tax year of the january 1 to december 31 tax year. The fact is i dont really like calling this a tax. It is a misnomer. It is completely avoidable. If it is successful we will collect as little of it as possible. To that end, Property Owners can invoke exemptions by doing any number of things. Those things taken in series could last for up to 2. 5 years. Applying for Building Permit and under amendments i suggest today properties would not be deemed vacant from the period of application of the Building Permit until issuance. Rehabilitating space and performing properties would not be vacant. Leasing the storefront. By entering into the lease, not a sham lease. The vacancy clock restarts ....

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SFGTV Government Access Programming July 13, 2024

Of course, the beloved Corner Market left, and it is a vacant space today. Whether it is clusters of properties on columbus avenue or in the castro left off the market for as much as 10 years in some instances. This measure before us would directly address this problem which amounts to an incentive for bad actors to finally start acting. For properties in the two dozen neighborhood commercial transit districts deemed vacant. The city would be imposing a tax of 250 per lineal foot first year and 500 and 1,000 in year three and beyond. A property would be deemed vacant if it is unused for more than 182 days in a given tax year of the january 1 to december 31 tax year. The fact is i dont really like calling this a tax. It is a misnomer. It is completely avoidable. If it is successful we will collect as little of it as possible. To that end, Property Owners can invoke exemptions ....

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SFGTV Government Access Programming July 13, 2024

Trade. I am taking the d. B. I. Total revenue they collected from the vacant buildings and divided by an average fee to get a rough estimate of the number of buildings. They would not all beep subject to the tax they are not all ground floor retail buildings. The main point. This is a phenomenon with the business cycle. Supervisor peskin alluded this is not a major revenue generator. We dont have a great way to make the estimate. If it works as intended, particularly good times it should be a low number, less than 1 million per year. In the scenario of a deep rescission where a number of buildings are vacant we could see it raising 5 million a year. It is hard to imagine it being bigger than that. In terms of how it affects the economy, it depends how tailored it is. If it is tailored correctly it is positive for the economy. Vacancies reduce the quality of the air. They reduce the opportunities for multistop shopping behind value added of clustering of retail centers. To the extent to ....

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SFGTV Government Access Programming July 13, 2024

In policy making, but i think the more consistent we can be i think it makes sense to maintain that threshold while also considering a lower fee for the set of projects that i hear theres a lot of concern about. Im going to reverse here. I would move that we continue until there is more data. Commissioners, today, obviously, we are hearing this on the eve of the full Board Hearing this item. Ways you can take a look at it is, you can provide direction in terms of recommendations specifically to the board of supervisors for tomorrow. The next thing is to make some recommendations on the record for the future. Again, as i think courtney has said, there has been some consideration. There has been some conversation about looking at the smallcap. I recommend not using the term smallcap because it would be confusing. You should just call a 50,000 or whatever. I would also prop m tells us how much office space we can build every year. It ....

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