City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
120477
Name:
Lease Amendment - San Francisco Forty Niners -
Candlestick Park Stadium
Status:
Type:
Resolution
Passed
File created:
In control:
5/8/2012
Board of Supervisors
On agenda:
Final action:
6/7/2012
Enactment date:
6/7/2012
209-12
Enactment #:
Title:
Resolution: 1) approving and authorizing an amendment to the Lease of Candlestick Park Stadium
with San Francisco Forty Niners, LLC, to grant the Forty Niners an additional option to terminate the
Lease early, between May 31, 2014, and May 31, 2015, providing for the Forty Niners to pay the City
$1,000,000 in consideration for the early termination option, and providing that if the Forty Niners
exercise the option, the Forty Niners make added minimum guaranteed payments to the City, in lieu of
the rent scheduled under the current Lease, of $4,295,000 if the team plays no regular season or post
-season NFL games at Candlestick in the 2014 season and up to $5,000,000 more if the team does
play such games; 2) approving and accepting the dedication under the amendment of $1,045,000 of
such $4,295,000 minimum guaranteed payment for youth programs for the City's Recreation and Park
Department; 3) ratifying prior acts; and 4) making environmental findings.
Sponsors:
Mayor, Mark Farrell
Attachments:
1. Legislation_Ver1, 2. Response_PLN_051512, 3. Comm_Packet_052412, 4.
Board_Packet_060512, 5. Legislation_Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
5/8/2012
1
REFERRED TO DEPARTMENT
Clerk of the Board
5/15/2012
1
RESPONSE RECEIVED
Planning Department
5/15/2012
1
RECOMMENDED
Government Audit and Oversight
Committee
5/24/2012
1
Pass
ADOPTED
Board of Supervisors
6/5/2012
1
Pass
APPROVED
Mayor
6/7/2012
1