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File #: 200965    Version: 1 Name: Real Property Lease - Twin Peaks Petroleum, Inc. - 598 Portola Drive - $200,200 Per Year Base Rent
Type: Resolution Status: Filed
Introduced: 8/18/2020 In control: Budget and Finance Committee
On agenda: Final action: 11/1/2021
Enactment date: Enactment #:
Title: Resolution authorizing the lease of real property located at 598 Portola Drive with Twin Peaks Petroleum, Inc., a California corporation, doing business as Twin Peaks Auto Care, successor-in-interest to Michael Gharib, for an initial 25-year term at a base rent of $200,200 per year with annual adjustments of three percent, with one five-year option to extend, to commence upon approval by the Board of Supervisors and Mayor, in their respective sole and absolute discretion.
Sponsors: Norman Yee
Attachments: 1. Leg Ver1, 2. DRAFT Lease 081020, 3. RED Ltr 081020, 4. Form 126, 5. BLA Report 092320, 6. Comm Pkt 092320, 7. BLA Report 093020, 8. Comm Pkt 093020, 9. Ltr from SBC 00120, 10. Board Pkt 100620, 11. Post Pkt Correspondence, 12. YC Reso No 2021-AL-05
Legislation Details
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