File #: 240347    Version: Name: Real Property Lease - TRINITY CENTER, LLC - 1145 Market Street - Initial Base Rent of $1,368,445.45
Type: Resolution Status: Passed
Introduced: 4/2/2024 In control: Clerk of the Board
On agenda: Final action: 5/3/2024
Enactment date: 5/3/2024 Enactment #: 204-24
Title: Resolution approving and authorizing the Director of Property, on behalf of the Department of Public Health, Office of Civic Engagement and Immigrant Affairs and Drug Market Agency Coordination Center to lease of a portion of the real property located at 1145 Market Street with TRINITY CENTER, LLC, a Delaware limited liability company, for an initial term of ten years with two five-year extension options to renew at an initial annual base rent of $1,368,445.45 with 3% annual increases; the Lease will be effective upon approval of this Resolution; and authorizes 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.
Sponsors: Aaron Peskin
Attachments: 1. Leg Ver1, 2. DRAFT Office Lease - 1st 8th-11th Flrs, 3. DRAFT Office Lease - 2nd, 4th Flrs., 4. DRAFT Office Lease - 2nd, 3rd Flrs., 5. PLN Ltr 032624, 6. RED Ltr 040124, 7. Form 126, 8. BLA Rpt 041724, 9. Cmte Pkt 041724, 10. RED Presentation 041724, 11. Public Correspondence, 12. Leg Ver2, 13. Board Pkt 042324, 14. Updated DRAFT Office Lease - 1st 8th-11th Floors 042224, 15. Form 126 Final, 16. Leg Final
Related files: 240422
Legislation Details
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