File #: 240747    Version: 1 Name: Real Property Lease - THE KELSEY CIVIC CENTER, LLC - 240 Van Ness Avenue - Disability Community Cultural Center - Annual Base Rent $60,353 - Tenant Improvements City Contribution Not to Exceed $1,167,500
Type: Resolution Status: Passed
Introduced: 7/2/2024 In control: Clerk of the Board
On agenda: Final action: 9/20/2024
Enactment date: 9/20/2024 Enactment #: 459-24
Title: Resolution approving and authorizing the Director of Property, on behalf of the Human Services Agency, Department of Disability and Aging Services, to execute a Lease agreement with THE KELSEY CIVIC CENTER, LLC, for use of the ground floor commercial space at 240 Van Ness Avenue as a Disability Community Cultural Center for the term of 15 years with three five-year options to extend and an annual base rent of $60,353 with 2% annual increases beginning January 1, 2026, effective upon approval of this Resolution; authorizing the City’s contribution of up to $1,167,500 towards the cost of tenant improvements; 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: Aaron Peskin, Rafael Mandelman, Dean Preston
Attachments: 1. Leg Ver1, 2. DRAFT Sublease, 3. RED Ltr 062124, 4. Form 126, 5. RED Presentation 090424, 6. BLA Rpt 090424, 7. Cmte Pkt 090424, 8. Board Pkt 091024, 9. Form 126 Final, 10. Leg Final
Legislation Details
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