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Title:
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Resolution approving and authorizing the execution, delivery, and performance of Lease No. 16997 for Building 49 located at 701 Illinois Street within Crane Cove Park by the Young Men’s Christian Association (YMCA) of San Francisco, for an initial term of 10 years plus options to extend for a total term of up to 34 years, 11 months, with an initial annual base rent of $92,809.80 and a fee waiver for a companion license agreement, effective upon approval of this Resolution; making findings under the California Environmental Quality Act; and to authorize the Executive Director of the Port to enter into any additions, amendments or other modifications to the Lease that do not materially increase the obligations or liabilities of the City or Port and are necessary or advisable to complete the transactions which this Resolution contemplates and effectuate the purpose and intent of this Resolution.
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