City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
2
220533
Name:
Real Property Lease Extension - 120 14th Street
LLC - 1740 Folsom Street - $1,030,400 Annual
Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
5/17/2022
Clerk of the Board
On agenda:
Final action:
5/17/2022
10/28/2022
Enactment date:
10/28/2022
429-22
Enactment #:
Title:
Resolution approving and authorizing the Director of Property, on behalf of the Sheriff’s Department,
to extend the lease of 18,862 square feet located at 1740 Folsom Street with 120 14th Street LLC for
an additional five years, at a base rent of $1,030,400 in the initial year, with 3% annual adjustments,
commencing on approval of this Resolution; and approving and authorizing a five-year lease
extension beginning July 1, 2022, with a total term of July 1, 2002, through June 30, 2027, at the
City’s option; 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; and to
authorize the Director of Property to enter into amendments or modifications to the Lease that do not
increase the rent or otherwise materially increase the obligations or liabilities to the City and are
necessary to effectuate the purposes of the Lease or this Resolution.
Sponsors:
Attachments:
1. Leg Ver1, 2. Amended and Restated Lease Agmt 042622, 3. ADM Ltr 032522, 4. ADM Ltr 050922,
5. Form 126, 6. BLA Rpt 091422, 7. Cmte Pkt 091422, 8. BLA Rpt 092822, 9. Cmte Pkt 092822, 10.
RED Presentation 092822, 11. Leg Ver2, 12. Board Pkt 101822, 13. Form 126 Final, 14. Leg Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
5/6/2022
1
RECEIVED AND ASSIGNED
President
5/17/2022
1
CONTINUED
Budget and Finance Committee
9/14/2022
1
Pass
AMENDED, AN AMENDMENT OF THE
WHOLE BEARING SAME TITLE
Budget and Finance Committee
9/28/2022
1
Pass
RECOMMENDED AS AMENDED
Budget and Finance Committee
9/28/2022
2
Pass
ADOPTED
Board of Supervisors
10/18/2022
2
Pass
APPROVED
Mayor
10/28/2022
2