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File #: 220880    Version: 1 Name: Real Property Lease Extension - 124 Turk Street, L.P. - 124 Turk Street - Permanent Supportive Housing - $563,653.94 Annual Base Rent
Type: Resolution Status: Passed
Introduced: 7/26/2022 In control: Clerk of the Board
On agenda: Final action: 9/29/2022
Enactment date: 9/29/2022 Enactment #: 401-22
Title: Resolution authorizing the Director of Property, on behalf of the Department of Homelessness and Supportive Housing, to exercise the option to extend the term of the Lease of real property located at 124 Turk Street, with 124 Turk Street, L.P., for continued use of 55 units of Permanent Supportive Housing at a base rent of $563,653.94 per year with annual rent increases beginning August 2023, for a ten-year term commencing upon approval of this Resolution and expiring on July 31, 2032; and authorizing the Director of Property to execute documents, make certain modifications, and take certain actions in furtherance of the extended term under the Lease and this Resolution, as defined herein.
Sponsors: Mayor, Dean Preston, Ahsha Safai, Hillary Ronen
Attachments: 1. Leg Ver1, 2. Lease Extension 042822, 3. Original Lease 080102, 4. Holdover Agmt 051622, 5. RED Ltr 071822, 6. Form 126, 7. BLA Rpt 091422, 8. Cmte Pkt 091422, 9. HSH Presentation 091422, 10. Board Pkt 092022, 11. Form 126 Final, 12. Leg Final
Legislation Details
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