File #: 250324    Version: 1 Name: Real Property Lease - Bayview Plaza, LLC - 3801-3rd Street, Suite 400 - $489,225 Initial Base Year Rent
Type: Resolution Status: Pending Committee Action
Introduced: 4/8/2025 In control: Budget and Finance Committee
On agenda: 4/8/2025 Final action:
Enactment date: Enactment #:
Title: Resolution approving and authorizing the Director of Property, on behalf of the Department of Public Health, to execute a Lease Agreement for the term of five years, to commence upon approval of this Resolution through November 30, 2029, with two five-year options with Bayview Plaza, LLC located at 3801-3rd Street, Suite 400, at a base rent of $489,225 per year (approximately $33.00 per square foot) with no annual rent increases; and authorizing the Director of Property to execute any amendments or modifications to the Lease including exercising options to extend the agreement term, make certain modifications and take certain actions that do not materially increase the obligations or liabilities to the City, do not materially decrease the benefits to the City and are necessary to effectuate the purposes of the Lease or this Resolution.
Attachments: 1. Leg Ver1, 2. DRAFT Amended and Restated Lease, 3. Exhibit A 3801 3rd Street Suite 400, 4. RED Cover Ltr 032525, 5. Form 126
Legislation Details
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