File #: 250463    Version: 1 Name: Real Property Lease - 340 Jefferson Street Partners, LLC - 340 Jefferson Street - $1,510,000 in Revenue
Type: Resolution Status: Pending Committee Action
Introduced: 4/29/2025 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Resolution approving Port Commission Lease No. L-17181 with 340 Jefferson Street Partners, LLC, a California limited liability company, for approximately 3,750 square feet of a single-story restaurant space located at 340 Jefferson Street for a term of 10 years effective upon approval of this Resolution, with two five-year options to extend; and estimated to produce $1,510,000 in revenue over the 10-year term, with the Port contributing $470,000 for improvements to the premises.
Sponsors: Mayor, Danny Sauter
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. PRT Reso Nos. 23-28 and 23-29 061323, 4. PRT Reso No. 25-24 042225, 5. MYR Memo 042925, 6. Form 126
Legislation Details
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