File #: 230998    Version: 1 Name: Real Property Lease - Bayview Plaza, LLC - 3801-3rd Street, Suite 400 - $554,347 Initial Base Year Rent
Type: Resolution Status: Filed
Introduced: 10/3/2023 In control: Budget and Finance Committee
On agenda: 10/3/2023 Final action: 5/6/2024
Enactment date: Enactment #:
Title: Resolution approving and authorizing the Director of Property, on behalf of the Department of Public Health, to execute a Lease Agreement for the term of five years with two five-year options to extend the term for continued use of office space with the Bayview Plaza, LLC, located at 3801-3rd Street, Suite 400, at a base rent of $554,347 per year (approximately $37.39 per square foot) with 3% annual rent increases effective upon approval of the Resolution and upon execution of the Lease by the Director of Property; and authorizing the Director of Property to execute any amendments, options to extend the agreement term, make certain modifications and take certain actions 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 Agreement or this Resolution.
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. Lease 031597, 4. Lease 082208, 5. Lease 052013, 6. RED Ltr 092023, 7. Form 126, 8. RED Presentation 110123, 9. BLA Rpt 110123, 10. Cmte Pkt 110123 - Large File
Legislation Details
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