File #: 220451    Version: Name: Lease Extension of Real Property - 1170 Market Street, LLC - 1170 Market Street - $450,000 Six Month Extension Rent
Type: Resolution Status: Passed
Introduced: 4/26/2022 In control: Clerk of the Board
On agenda: Final action: 6/3/2022
Enactment date: 6/3/2022 Enactment #: 244-22
Title: Resolution authorizing the Director of Property, on behalf of the Department of Public Health, to extend the term of an existing City lease with 1170 Market Street LLC, for a building located at 1170 Market Street, from June 30, 2022, for a total term of January 3, 2022, through December 31, 2022, at a base rent of $75,000 per month, for a total amount of $450,000 for six months; authorizing the Director of Property to execute documents and take certain actions in furtherance of this Resolution; as defined herein; and to authorize the Director of Property to enter into amendments or modifications to the Lease that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of the Lease or this Resolution.
Sponsors: Mayor
Attachments: 1. Leg Ver1, 2. Executed Lease 010322, 3. PLN GPR 032422, 4. Form 126, 5. BLA Rpt 051822, 6. Cmte Pkt 051822, 7. Leg Ver2, 8. Board Pkt 052422, 9. Leg Final, 10. Form 126 Final
Legislation Details
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