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Title:
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Resolution approving a Lease for approximately 41,744 square feet consisting of the entire three floors of 945 Bryant Street, for the Adult Probation Office, with Bridgeton 945 Bryant Fee LLC, a limited liability corporation, for 20 years, to be occupied in phases, for the period of August 1, 2018, through July 31, 2038, at an initial monthly base rent not to exceed $146,997.33 for a total annual initial maximum base rent of $1,763,968 in the initial year with annual increases of three percent for the initial ten year term of the Lease, an adjustment to market rate in Year 11 of the Lease, and subsequent annual increases of three percent thereafter; and finding the proposed Lease is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
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