Share to Facebook Share to Twitter Bookmark and Share
File #: 170243    Version: 1 Name: Real Property Lease Renewal - WCPI Commercial, LLC - 1449 Webster Street - Maximum Rent of $157,300 in Initial Year
Type: Resolution Status: Passed
Introduced: 3/7/2017 In control: Clerk of the Board
On agenda: Final action: 5/19/2017
Enactment date: 5/19/2017 Enactment #: 163-17
Title: Resolution authorizing the exercise of an option to extend the lease of 3,900 square feet at 1449 Webster Street with WCPI Commercial, LLC, as Landlord, for three years, subject to City’s right to terminate, for the Office of Economic and Workforce Development’s Western Addition employment assistance programs, for $13,000 monthly with annual increases between 2% and 5%, for a maximum rent of $157,300 in the initial year of the lease extension term of September 1, 2017, through August 31, 2020; and adding one further option to extend the term with the same terms and conditions for an additional three year term.
Sponsors: London N. Breed
Attachments: 1. Leg Ver1, 2. Lease 090208, 3. Form 126, 4. Bdgt Analyst Rpt 042717, 5. Comm Pkt 042717, 6. Board Pkt 050917, 7. Leg Final
Legislation Details
 *NOTE: These reports are produced in HTML format and are accessible to screen readers.