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File #:
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240717
Version:
1
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Name:
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Real Property Lease Amendment - Golden Gate National Parks Conservancy - Portion of Pier 31 and 33 - Establish the Amount of Unpaid Base Rent to be Paid to the Port - $289,765.05 - Increase Original Construction Rent Credit to $800,000
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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7/2/2024
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Final action:
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8/8/2024
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Enactment date:
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8/8/2024
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Enactment #:
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434-24
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Title:
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Resolution approving the Second Amendment to Port Commission Lease No. L-16274 with Golden Gate National Parks Conservancy to build and operate a public serving café and retail space within the bulkheads and portions of the sheds of Piers 31 and 33 for a 30-year term, with two options to extend the Lease for 10 additional years, effective upon approval of this Resolution and Port’s execution of this Amendment; and to (i) establish the amount of unpaid base rent Conservancy will pay to Port at $289,765.05; (ii) extend the Phase I Improvements completion date to December 31, 2025; (iii) increase the original construction rent credit from $554,000 to $800,000; (iv) provide a three year extension of the Lease term to June 30, 2052; and (v) establish a 50% share of any excess rents from food and beverage subtenants.
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Attachments:
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1. Leg Ver1, 2. DRAFT Second Amend, 3. Original Agmt 121718, 4. First Amend 093019, 5. FMND 022318, 6. PRT Commission Reso No. 18-39 062118, 7. PRT Commission Reso No. 24-24 042624, 8. PRT Ltr 061924, 9. Form 126, 10. BLA Rpt 072424, 11. Cmte Pkt 072424, 12. PRT Presentation 072424, 13. Board Pkt 073024, 14. Form 126 Final, 15. Leg Final
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