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File #: 220931    Version: 1 Name: Real Property Lease Extension - SFII 1390 MARKET ST, LLC - 1390 Market Street - Not to Exceed $4,959,042 in Initial Year
Type: Resolution Status: Pending Committee Action
Introduced: 9/6/2022 In control: Budget and Finance Committee
On agenda: 9/6/2022 Final action:
Enactment date: Enactment #:
Title: Resolution approving a lease amendment extending the term from January 1, 2023, to December 31, 2032, for approximately 69,402 square feet at 1390 Market Street (Fox Plaza), with SFII 1390 MARKET ST, LLC as Landlord, for use by the Office of the City Attorney, at an initial annual rent of $4,959,042 (or $413,253.50 per month) with 3% annual increases thereafter; approving the continued use of a portion of the premises for childcare services; and to authorize the Director of Property to enter into any amendments to the Lease or the Day Care License that do not materially increase the obligations or liabilities to the City, do not materially decrease the benefits to the City, and are necessary or advisable to effectuate the purposes of the lease or this Resolution.
Attachments: 1. Leg Ver1, 2. DRAFT Fifth Lease Amdmt, 3. Original Lease Agmt 091200, 4. First Least Amdmt 061306, 5. Second Lease Amdmt 092507, 6. Third Lease Amdmt 033112, 7. Fourth Lease Amdmt 061517, 8. ADM Ltr 081522, 9. Form 126, 10. BLA Rpt 092122, 11. Cmte Pkt 092122, 12. RED Presentation 092122
Legislation Details
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