File #: 231197    Version: 1 Name: Real Property Lease - LAWRENCE B. STONE PROPERTIES #08, LLC - 2177 Jerrold Avenue - Temporary Shelter - Not to Exceed Annual Base Rent of $2,469,606 - Tenant Improvements $5,866,869
Type: Resolution Status: Passed
Introduced: 11/14/2023 In control: Clerk of the Board
On agenda: Final action: 12/19/2023
Enactment date: 12/19/2023 Enactment #: 602-23
Title: Resolution approving and authorizing the Director of Property, on behalf of the Department of Homelessness and Supportive Housing, to execute a lease agreement with LAWRENCE B. STONE PROPERTIES #08, LLC, for use of the property located at 2177 Jerrold Avenue as a temporary shelter program for the term of 15 years, to commence upon approval of this Resolution, with two five-year options to extend and an annual base rent of $2,469,606 with 3% annual increases beginning in 2024 under Charter, Section 9.118; authorizing the City’s contribution of up to $5,866,869 towards the cost of tenant improvements; affirming the Planning Department’s determination under the California Environmental Quality Act, and adopting the Planning Department’s findings of consistency with the General Plan, and the eight priority policies of the Planning Code, Section 101.1; 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.
Sponsors: Mayor, Shamann Walton
Attachments: 1. Leg Ver1, 2. DRAFT Lease, 3. PLN Gen Pln Ref 081823, 4. PLN Ltr Not Subject to CEQA 080923, 5. RED Ltr 110623, 6. Form 126, 7. Pres. Action Memo - Transfer 113023, 8. Comm Rpt Request 113023, 9. HSH Presentation 120723, 10. BLA RPT 120123, 11. Comm Pkt 120723, 12. Board Pkt 121223, 13. Form 126 Final, 14. Leg Final, 15. Signed Lease - 2177 Jerrold
Related files: 180864
Legislation Details
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