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Title:
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Resolution retroactively approving and authorizing the Director of Property, on behalf of the Department of Homelessness and Supportive Housing, to execute a lease of real property with Lombard Hotel Group, for use of the Monarch Hotel located at 1015 Geary Street for a non-congregate temporary shelter program with 102 units for a term of one year, to commence on April 1, 2025, through March 31, 2026, with an annual base rent of $1,597,320, and a final payment of $100,000 upon surrender of the property; affirming the Planning Department’s determination under the California Environmental Quality Act; and authorizing the Director of Property to execute any amendments, 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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Attachments:
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1. Leg Ver1, 2. DRAFT Lease, 3. PLN Memo CEQA Exemption 102324, 4. RED Ltr 022025, 5. MYR Memo 022525, 6. Form 126, 7. HSH Presentation 032625, 8. BLA Rpt 032625, 9. Cmte Pkt 032625, 10. Leg Ver2, 11. Public Correspondence, 12. BLA Rpt 040925, 13. Cmte Pkt 040925, 14. Board Pkt 041525, 15. Form 126 Final, 16. Leg Final, 17. Executed Lease 051425
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