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File #: 160091    Version: Name: Industrial Lease Agreement - Tanforan Industrial Park, LLC - Bus Operator Training Courses - $2,480,304 Initial Annual Base Rent
Type: Resolution Status: Filed
Introduced: 2/9/2016 In control: Budget and Finance Committee
On agenda: 2/9/2016 Final action: 11/15/2016
Enactment date: Enactment #:
Title: Resolution authorizing the San Francisco Municipal Transportation Agency (SFMTA) to execute an Industrial Lease Agreement with Tanforan Industrial Park, LLC, for approximately 7.3 acres of space located at 30 Tanforan Avenue, South San Francisco, to be used for SFMTA bus operator training courses for a nine year and five month term estimated to be from October 1, 2016, through February 28, 2026, with an initial annual base rent of $2,480,304 and annual 2% rent increases; the Lease includes a purchase option, right of first refusal, and an extension option.
Attachments: 1. Leg Ver1, 2. SFMTA Ltr 012716, 3. SFMTA Ltr 012716, 4. Lease 110215, 5. SFMTA Reso No. 16-011, 6. Form 126, 7. Bdgt Analyst Rpt 022416, 8. Comm Pkt 022416, 9. PPt Presentation 022416, 10. Bdgt Analyst Rpt 030916, 11. Committee Packet 030916, 12. PPt Presentation 030916, 13. Leg Ver2, 14. Board Pkt 031516, 15. Board Pkt 040516, 16. Board Pkt 042616
Legislation Details
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