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Title:
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Resolution authorizing the Director of Property, in consultation with the Mayor’s Office of Housing and Community Development (“MOHCD”), to partially forgive approximately $1,172,500 of approximately $1,507,500 in outstanding rent obligations and reduce the monthly base rent to $5,000 per month for the remaining duration of Shew Yick, Trustee of Shew Yick Trust One, and Shew Yick and Richard Tong, Trustees of Robert Yick Exempt Assets Trust, as Lessor, and Hon So, Inc., Hon Keung So, an individual, and Candy Mei-Yiu So, an individual, as Lessee’s (collectively, “Tenant”) month-to-month occupancy to end on September 30, 2026; and authorizing the Director of Property and Director of MOHCD, or their respective designees, to take any other related actions in furtherance of this Resolution, as defined herein.
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