City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
240731
Name:
Real Property Lease - Twin Peaks Petroleum, Inc. -
598 Portola Drive - $156,600 Initial Annual Base
Rent
Status:
Type:
Resolution
Scheduled for Committee Hearing
File created:
In control:
6/25/2024
Budget and Finance Committee
On agenda:
Final action:
Enactment date:
Enactment #:
Title:
Resolution approving and authorizing the Director of Property to enter into a real property lease with
Twin Peaks Petroleum, Inc., a California corporation, doing business as Twin Peaks Auto Care,
successor-in-interest to Michael Gharib, for approximately 14,499 square feet located at 598 Portola
Drive, for an initial term of twenty years with one ten-year option to extend, at an initial base rent of
$156,600 with annual adjustments of three percent thereafter, effective upon approval of this
Resolution by the Board of Supervisors and Mayor, and full execution of the Lease; requiring Tenant
to complete certain improvements by December 31, 2025, with a waiver of rent up to three months;
approving a finding that competitive bidding procedures required under San Francisco Administrative
Code, Chapter 23, Section 23.33, are impractical; approving a finding that the Premises is exempt
surplus land under California Code, Section 54421(f)(1)(B); and authorizing 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:
Myrna Melgar
Attachments:
1. Leg Ver1, 2. DRAFT Lease, 3. Original Lease 060894, 4. Amend No. 1 040104, 5. Lease 072315,
6. RED Ltr 062024, 7. Form 126, 8. Public Correspondence, 9. BLA Rpt 071724, 10. Cmte Pkt
071724, 11. Post Pkt Pub Correspondence
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
6/25/2024
1