San Francisco County Awards Financial Services Contract to Balboa Lee Avenue LP (September 2025)
San Francisco CountyCounty · CA- Disclosed value
- Annual base rent of $15,000; loan not to exceed $28,000,000
- From minutes
- Approved
- Sep 9, 2025
- Renews
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THE 30-SECOND BRIEF
The Board approved a 75-year ground lease, with a 24-year extension option, of City property at 11 Frida Kahlo Way to Balboa Lee Avenue, L.P. at $15,000 annual base rent to construct a 100% affordable 127-unit building. The action also authorizes an amended and restated housing loan of up to $28,000,000 with a minimum 57-year term.
Balboa Lee Avenue LP holds this financial services contract with San Francisco County.
The renewal date is on record. A free account shows it, with the renewals for every San Francisco County contract.
Contract details
- Contract type
- Financial Services
- Amount
- Annual base rent of $15,000; loan not to exceed $28,000,000
- Document date
- September 9, 2025
- Term
- Ground lease term of 75 years with one 24-year option to extend; minimum loan term of 57 years
- Renews
- Free account
- Vendor
- Balboa Lee Avenue LP
- Agency
- San Francisco County
- Source document
- City and County of San Francisco Board of Supervisors Meeting Minutes Sept 2025 (Minutes)
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Questions about this contract
Who was awarded the financial services contract by San Francisco County?
Balboa Lee Avenue LP was awarded this financial services contract by San Francisco County, as recorded on September 9, 2025. The contract value is Annual base rent of $15,000; loan not to exceed $28,000,000.
How much is the Balboa Lee Avenue LP contract with San Francisco County worth?
The Balboa Lee Avenue LP contract with San Francisco County is valued at Annual base rent of $15,000; loan not to exceed $28,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in City and County of San Francisco Board of Supervisors Meeting Minutes Sept 2025 (Minutes), dated September 9, 2025 from San Francisco County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Balboa Lee Avenue LP hold?
Balboa Lee Avenue LP may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is San Francisco County currently buying?
Explore San Francisco County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.