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File #: 171288    Version: 1 Name: Real Property Lease - W.Y.L. Orion Properties, LLC - 125 Bayshore Blvd - $489,000 in Initial Year
Type: Resolution Status: Passed
Introduced: 12/5/2017 In control: Clerk of the Board
On agenda: Final action: 2/9/2018
Enactment date: 2/9/2018 Enactment #: 023-18
Title: Resolution approving a lease of a parcel of approximately 31,200 square feet, with buildings totaling approximately 22,965 square feet at 125 Bayshore Blvd, with W.Y.L. Orion Properties, LLC, a California limited liability company as Landlord, for an initial six month term (immediate occupancy upon full execution of lease) plus five one-year annual renewals thereafter, rent commencement from approximately April 1, 2018, to no later than September 30, 2023, for use by the Department of Homelessness and Supportive Housing for emergency shelter purposes at an initial annual rent of $489,000 with 3% annual increases; finding the proposed transaction is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. General Plan Referral 011018, 3. Draft Lease, 4. Form 126, 5. Bdgt Analyst Rpt 012518, 6. Comm Pkt 012518, 7. SFBC Ltr 012418, 8. Bd Pkt 013018, 9. Form 126 Final, 10. Leg Final
Legislation Details
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