Tidelands and submerged lands: City and County of San Francisco: seawall lots.

Existing law grants to the City and County of San Francisco the right, title, and interest of the State of California in and to certain tidelands and submerged lands in trust for certain purposes. Under existing law, the Burton Act and the Burton Act transfer agreement, the interest of the state in and to the Harbor of San Francisco was transferred in trust to the City and County of San Francisco. The State Lands Commission has jurisdiction over tidelands and submerged lands of the state. Existing law declares, until January 1, 2094, that certain parcels of real property denominated as the designated seawall lots are free from the use requirements of the public trust, the Burton Act trust, and the Burton Act transfer agreement. With respect to those lands, the San Francisco Port Commission is authorized to lease all or a portion of the designated seawall lots if specified conditions are met. This bill would, similarly, declare that, upon the State Lands Commission making specified findings, certain seawall lots are free from the use requirements of the public trust, the Burton Act trust, and the Burton Act transfer agreement, and would authorize the port to lease these lots, subject to certain requirements and conditions. The bill would authorize the port to provide a rent credit or other waiver or deferral of rent in connection with either a nontrust lease of these seawall lots that result in an effective rent to the port for below fair market value, if the State Lands Commission finds that certain conditions are met.