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Title:
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Resolution approving and authorizing the Director of Property, on behalf of the Department of Homelessness and Supportive Housing, to execute a lease agreement with LAWRENCE B. STONE PROPERTIES #08, LLC, for use of the property located at 2177 Jerrold Avenue as a temporary shelter program for the term of 15 years, to commence upon approval of this Resolution, with two five-year options to extend and an annual base rent of $2,469,606 with 3% annual increases beginning in 2024 under Charter, Section 9.118; authorizing the City’s contribution of up to $5,866,869 towards the cost of tenant improvements; affirming the Planning Department’s determination under the California Environmental Quality Act, and adopting the Planning Department’s findings of consistency with the General Plan, and the eight priority policies of the Planning Code, Section 101.1; and authorizing the Director of Property to execute any amendments, 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 or advisable to effectuate the purposes of the lease agreement or this Resolution.
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