The proposed development agreement for San Francisco’s massive Parkmerced housing complex is the subject of a special meeting of the Planning Commission Thursday evening on the campus of San Francisco State University.

The 6 p.m. meeting takes place in McKenna Hall in the Creative Arts Building, which is off Holloway Avenue on the west side of the SFSU campus. No action on the Parkmerced development proposals will be taken at the meeting, which is being held to provide information to the public.

Here’s the way the Planning Commission describes what the meeting is about:

This is an Informational Hearing to provide an overview of the proposed project components and draft Development Agreement. Specific topics to be discussed at this session include transportation and housing (including rent and tenant relocation considerations).

The project, which would be implemented over 20-30 years in multiple phases, includes the addition of approximately 5,700 net new residential units, the demolition and replacement of approximately 1,800 existing units which would remain subject to the San Francisco Rent Stabilization Ordinance, rent-protections and relocation rights for existing tenants, re-alignment and re-design of streets and blocks, re-alignment and improvement of the M Ocean View light rail line, the addition of new neighborhood serving retail and office space, new and re-configured public open spaces including neighborhood parks, pedestrian and bike paths, athletic fields, a new organic farm, and community gardens, overall transportation improvements, ecological hydrology improvements, and provision of renewable energy and water infrastructure.

The draft Development Agreement would become the binding legal contract between the City and the Developer and would memorialize all of the public benefits and obligations of the Developer and associated agreements between both parties toward implementation of the Project.

Photo: Flickr user ATIS547.