City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240717
Name:
Real Property Lease Amendment - Golden Gate
National Parks Conservancy - Portion of Pier 31 and
33 - Establish the Amount of Unpaid Base Rent to
be Paid to the Port - $289,765.05 - Increase Original
Construction Rent Credit to $800,000
Status:
Type:
Resolution
Pending Committee Action
File created:
In control:
7/2/2024
Budget and Finance Committee
On agenda:
Final action:
7/2/2024
Enactment date:
Enactment #:
Title:
Resolution approving the Second Amendment to Port Commission Lease No. L-16274 with Golden
Gate National Parks Conservancy to build and operate a public serving café and retail space within
the bulkheads and portions of the sheds of Piers 31 and 33 for a 30-year term, with two options to
extend the Lease for 10 additional years, effective upon approval of this Resolution and Port’s
execution of this Amendment; and to (i) establish the amount of unpaid base rent Conservancy will
pay to Port at $289,765.05; (ii) extend the Phase I Improvements completion date to December 31,
2025; (iii) increase the original construction rent credit from $554,000 to $800,000; (iv) provide a three
year extension of the Lease term to June 30, 2052; and (v) establish a 50% share of any excess rents
from food and beverage subtenants.
Sponsors:
Attachments:
1. Leg Ver1, 2. DRAFT Second Amend, 3. Original Agmt 121718, 4. First Amend 093019, 5. FMND
022318, 6. PRT Commission Reso No. 18-39 062118, 7. PRT Commission Reso No. 24-24 042624,
8. PRT Ltr 061924
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
6/17/2024
1
RECEIVED AND ASSIGNED
President
7/2/2024
1