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File #: 180358    Version: 1 Name: Real Property Lease - LCL Global - 777 Brannan Street, LLC - 777 Brannan Street - Police Department - $1,004,698 Initial Annual Base Rent
Type: Resolution Status: Passed
Introduced: 4/17/2018 In control: Clerk of the Board
On agenda: 4/17/2018 Final action: 5/30/2018
Enactment date: 5/30/2018 Enactment #: 159-18
Title: Resolution authorizing a Lease for approximately 27,154 square feet consisting of entire three floors of 777 Brannan Street, for the Police Department, with LCL Global - 777 Brannan Street, LLC, a limited liability corporation, for ten years with two five-year options for renewal, for the period of July 1, 2018, to June 30, 2028, at an initial monthly base rent not to exceed $83,724.83 for a total annual initial base rent of $1,004,698 in the initial year with annual increases of three percent; and finding the Lease is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1.
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. Form 126, 4. Bdgt Analyst Rpt 051718, 5. Comm Pkt 051718, 6. Board Packet 052218, 7. Leg Final
Legislation Details
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