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File #: 160798    Version: 1 Name: Real Property Lease - 750 Brannan Street Props, LLC - 750 Brannan Street - $942,747 Rent in Initial Year
Type: Resolution Status: Passed
Introduced: 7/12/2016 In control: Clerk of the Board
On agenda: Final action: 8/11/2016
Enactment date: 8/11/2016 Enactment #: 356-16
Title: Resolution authorizing a Lease between the City and County of San Francisco, as Tenant, and 750 Brannan Street Props, LLC, a California limited liability company as Landlord, to be used as retail, production, warehouse, and related office space located at 750 Brannan Street, consisting of approximately 24,173 square feet of building and approximately 6,430 square feet of yard, for a ten year term expected to commence on or about January 1, 2017, and terminate on December 31, 2026, for use by the San Francisco Public Library, at $78,562.25 monthly; for $942,747 rent in the initial year with annual 3% percent increases and three five-year options to extend; finding the proposed transaction is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1; and authorizing a Sublease of a portion of that space consisting of approximately 2,833 square feet with the Friends & Foundation of the San Francisco Public Library, a 501(c)3 non profit agency, at the prorata City cost.
Sponsors: Jane Kim
Attachments: 1. Real Estate Ltr 070816, 2. DRAFT Lease 072016, 3. DRAFT Sublease 063016, 4. Public Library Ltr 070516, 5. Planning General Plan Referral 063016, 6. Form 126, 7. Bdgt Analyst Rpt 072716, 8. Comm Pkt 072716, 9. Board Pkt 080216, 10. Form 126 Final, 11. Leg Final
Related files: 160833
Legislation Details
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