City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
200043
Name:
Lease of Real Property - TC II 888 Post, LLC - 888
Post Street - Base Annual Rent $1,500,000 -
Landlord Work $5,000,000
Status:
Type:
Resolution
Passed
File created:
In control:
1/14/2020
Clerk of the Board
On agenda:
Final action:
2/28/2020
Enactment date:
2/28/2020
071-20
Enactment #:
Title:
Resolution approving and authorizing the Director of Property, on behalf of the Department of
Homelessness and Supportive Housing, to lease real property located at 888 Post Street, for an initial
term of 20 years anticipated to commence on October 1, 2020, from TC II 888 Post, LLC, at a base
rent of $1,500,000 per year, increasing at 3% per year; authorizing the City’s contribution of up to
$5,000,000 towards the cost of landlord work; authorizing the Director of Property, under certain
conditions, to negotiate and enter into future subleases, including with Goodwill Industries of San
Francisco, San Mateo and Marin Counties, Inc. as a subtenant; authorizing the Director of Property to
execute documents, make certain modifications and take certain actions in furtherance of the Lease
and this Resolution, as defined herein, including allowing the City to increase its contribution towards
the cost of the landlord work, subject to future appropriation of funds, as defined herein; finding the
proposed transaction is in conformance with the General Plan, and the eight priority policies of
Planning Code, Section 101.1; and adopting findings under the California Environmental Quality Act.
Sponsors:
Mayor, Aaron Peskin, Matt Haney, Shamann Walton, Ahsha Safai, Dean Preston
Attachments:
1. Leg Ver1, 2. DRAFT Lease, 3. Referral - CEQA 013020, 4. BLA Report 021220, 5. Comm Pkt
021220, 6. CEQA Determination 021120, 7. PLN - GPR Letter 021120, 8. PPt Presentation 021220, 9.
Leg Ver2, 10. Form 126, 11. Board Pkt 022520, 12. Leg Final, 13. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED AND ASSIGNED
President
1/14/2020
1
REFERRED TO DEPARTMENT
Clerk of the Board
1/30/2020
1
RESPONSE RECEIVED
Planning Department
2/11/2020
1
RECOMMENDED AS AMENDED
Budget and Finance Committee
2/12/2020
2
Pass
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING NEW TITLE
Budget and Finance Committee
2/12/2020
1
Pass
ADOPTED
Board of Supervisors
2/25/2020
2
Pass
APPROVED
Mayor
2/28/2020
2