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File #: 210337    Version: 1 Name: Lease of City Property - Our Planet Recycling SF, LLC - Assessor’s Parcel Block No. 5695, Lot No. 23 at Alemany Blvd. - Annual Base Rent of $21,540
Type: Resolution Status: Pending Committee Action
Introduced: 4/6/2021 In control: Budget and Finance Committee
On agenda: 4/6/2021 Final action:
Enactment date: Enactment #:
Title: Resolution authorizing and approving the lease of City-owned real property located at Assessor’s Parcel Block No. 5695, Lot No. 23, adjacent to Alemany Boulevard in San Francisco, with Our Planet Recycling SF, LLC, a California corporation, doing business as Our Planet Recycling, for an initial five-year term at an annual base rent of $21,540 (or the monthly amount of $1,795) plus 3% annual increases to base rent, plus one additional five-year extension option to further extend the term of the Lease, subject to satisfaction of certain conditions and to be readjusted to then-fair market base rent; and the Lease will commence upon execution, after approval of this Resolution by the Board of Supervisors and Mayor, in their respective sole and absolute discretion.
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. RED Ltr 032521, 4. Form 126
Legislation Details
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