File #: 220605    Version: 1 Name: Real Property Lease Amendment - Multiple Ownership - 1980 Oakdale Avenue - $1,024,054.20 Annual Base Rent
Type: Resolution Status: Passed
Introduced: 5/24/2022 In control: Clerk of the Board
On agenda: 5/24/2022 Final action: 7/28/2022
Enactment date: 7/28/2022 Enactment #: 329-22
Title: Resolution approving and authorizing the General Manager of the San Francisco Public Utilities Commission (SFPUC) to amend the lease of real property located at 1980 Oakdale Avenue, with Kristian A. Akseth, an individual, Lilly B. Akseth, an individual, and Libkra Investment Corporation, a California corporation, collectively as landlord, at a base rent of $1,024,054.20 per year with annual Consumer Price Index increases, extending the term for eight years, with a total term of January 1, 2017, through December 31, 2030, subject to City’s right to terminate the lease without penalty after December 31, 2027; authorizing the General Manager to execute documents, make certain modifications and take certain actions in furtherance of the First Amendment, the Lease and this Resolution, as defined herein; and to authorize the General Manager of SFPUC to enter into any amendments or modifications to the First Amendment that do not increase the rent or otherwise materially increase the obligations or liabilities of the City and are necessary or advisable to effectuate the purposes of the Lease or this Resolution.
Attachments: 1. Leg Ver1, 2. DRAFT Lease Amend No. 1, 3. Executed Lease 111616, 4. PUC Reso No. 22-0078 042622, 5. RED Ltr 051122, 6. PUC Ltr 050222, 7. Form 126, 8. BLA Rpt 071322, 9. Cmte Pkt 071322, 10. Board Pkt 071922, 11. Leg Final, 12. Form 126 Final
Legislation Details
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