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File #: 231000    Version: 1 Name: Lease of Property - J.D. Harney, Inc., et al. - 2205 Jennings Street - Annual Base Rent of $264,000
Type: Resolution Status: Passed
Introduced: 10/3/2023 In control: Clerk of the Board
On agenda: 10/3/2023 Final action: 11/21/2023
Enactment date: 11/21/2023 Enactment #: 542-23
Title: Resolution authorizing and approving the lease of a portion of the real property located at 2205 Jennings Street with J.D. Harney, Inc., a California corporation, John Daniel Harney and Bernadette Patricia Harney, Co-Trustees or Successor Trustee of the John Daniel Harney and Bernadette Patricia Harney Revocable Living Trust Under Agreement dated August 13, 1987, as Community Property, and MM1495Wall LP, a California Limited partnership, for an initial three-year term at an annual base rent of $264,000 (or the monthly amount of $22,000); plus 3% annual increases to base rent; plus one five-year extension option to further extend the term of the Lease; the Lease will be effective upon approval of this Resolution; and to authorize the Director of Property to enter into amendments or modifications to the Lease that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of the Lease or this Resolution.
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. PLN Ltr 082323, 4. RED Ltr 092123, 5. Form 126, 6. BLA Rpt 110823, 7. Cmte Pkt 110823, 8. Board Pkt 111423, 9. Form 126 Final, 10. Leg Final
Legislation Details
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