City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
190920
Name:
Lease Amendment - Lexington Lion San Francisco,
LP - 350 Rhode Island Street-North - $2,850,000
Rent Credit
Status:
Type:
Resolution
Passed
File created:
In control:
9/17/2019
Clerk of the Board
On agenda:
Final action:
9/17/2019
10/25/2019
Enactment date:
10/25/2019
448-19
Enactment #:
Title:
Resolution authorizing the execution and acceptance of the First Amendment to Lease of that certain
lease dated September 28, 2017 (“Lease”), by and between Lexington Lion San Francisco, LP, a
Delaware Limited Partnership and the City and County of San Francisco, for the real property located
at 350 Rhode Island Street-North, facilitating the provision of a rent credit to the City in the amount of
$2,850,000 in consideration for a waiver of certain real estate expense pass-through protections
afforded to the City under the Lease, with no change to the term, to commence upon approval by the
Board of Supervisors.
Sponsors:
Attachments:
1. Leg Ver1, 2. DRAFT Lease Amend No. 1, 3. Lease 092817, 4. RED Ltr 090919, 5. BLA Report
100219, 6. Comm Pkt 100219, 7. BLA Report 100919, 8. Comm Pkt 100919, 9. BLA Report 101619,
10. Comm Pkt 101619, 11. Leg Ver2, 12. Form 126, 13. Board Pkt 102219, 14. Leg Final, 15. Form
126 Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
9/9/2019
1
RECEIVED AND ASSIGNED
President
9/17/2019
1
CONTINUED
Budget and Finance Committee
10/2/2019
1
Pass
CONTINUED
Budget and Finance Committee
10/9/2019
1
Pass
AMENDED
Budget and Finance Committee
10/16/2019
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
10/16/2019
2
Pass
ADOPTED
Board of Supervisors
10/22/2019
2
Pass
APPROVED
Mayor
10/25/2019
2