File #: 241140    Version: 1 Name: Real Property Lease - MacLean Properties, LLC and 101 New Montgomery Street LP - 101 New Montgomery Street also known as 617 Mission Street - $580,020 Initial Annual Base Rent
Type: Resolution Status: Scheduled for Committee Hearing
Introduced: 11/19/2024 In control: Budget and Finance Committee
On agenda: Final action:
Enactment date: Enactment #:
Title: Resolution approving and authorizing the Director of Property, on behalf of the Department of Child Support Services, to lease real property comprising of 15,445 rentable square feet and 2,000 square feet of storage space located at 101 New Montgomery Street also known as 617 Mission Street from MacLean Properties, LLC and 101 New Montgomery Street LP, for an initial seven-year term, commencing January 1, 2025, through December 31, 2032, at an initial annual base rent of $580,020 with annual rent increases of three percent, plus a five-year option to extend; and to authorize the Director of Property to enter into amendments or modifications to the Lease that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of the Lease or this Resolution.
Sponsors: Aaron Peskin
Attachments: 1. Leg Ver1, 2. DRAFT Exec. Lease 103024, 3. Original Lease 121994, 4. First Amendment 102710, 5. Second Amendment 062518, 6. OCA Letter 110824, 7. Form 126, 8. BLA Rpt 120424, 9. Cmte Pkt 120424
Related files: 180477
Legislation Details
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