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File #: 200115    Version: Name: Lease of Real Property - The Salvation Army - 1156 Valencia Street - Initial Base Annual Rent of $404,000 - $300,000 Leasehold Improvements
Type: Resolution Status: Passed
Introduced: 2/4/2020 In control: Clerk of the Board
On agenda: Final action: 3/27/2020
Enactment date: 3/27/2020 Enactment #: 111-20
Title: Resolution approving and authorizing the Director of Property, on behalf of the Department of Public Health, to lease real property located at 1156 Valencia Street from The Salvation Army at an initial base rent of $404,000 per year, for a term of three years with an estimated commencement date of March 1, 2020, and estimated to expire on February 28, 2023, plus two one-year options to extend; authorizing the reimbursement of $300,000 towards the cost of Leasehold Improvements; and authorizing the Director of Property to execute documents, make certain modifications and take certain actions in furtherance of the Lease and this Resolution, as defined herein.
Sponsors: Mayor, Rafael Mandelman
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. Form 126, 4. BLA Report 030420, 5. Comm Pkt 030420, 6. BLA Report 031120, 7. Comm Pkt 031120, 8. Leg Ver2, 9. PPt Presentation 031120, 10. Board Pkt 031720, 11. Form 126 Final, 12. Leg Final
Related files: 190418
Legislation Details
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