City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
220605
Name:
Real Property Lease Amendment - Multiple
Ownership - 1980 Oakdale Avenue - $1,024,054.20
Annual Base Rent
Status:
Type:
Resolution
Passed
File created:
In control:
5/24/2022
Clerk of the Board
On agenda:
Final action:
5/24/2022
7/28/2022
Enactment date:
7/28/2022
329-22
Enactment #:
Title:
Resolution approving and authorizing the General Manager of the San Francisco Public Utilities
Commission (SFPUC) to amend the lease of real property located at 1980 Oakdale Avenue, with
Kristian A. Akseth, an individual, Lilly B. Akseth, an individual, and Libkra Investment Corporation, a
California corporation, collectively as landlord, at a base rent of $1,024,054.20 per year with annual
Consumer Price Index increases, extending the term for eight years, with a total term of January 1,
2017, through December 31, 2030, subject to City’s right to terminate the lease without penalty after
December 31, 2027; authorizing the General Manager to execute documents, make certain
modifications and take certain actions in furtherance of the First Amendment, the Lease and this
Resolution, as defined herein; and to authorize the General Manager of SFPUC to enter into any
amendments or modifications to the First Amendment that do not increase the rent or otherwise
materially increase the obligations or liabilities of the City and are necessary or advisable to effectuate
the purposes of the Lease or this Resolution.
Sponsors:
Attachments:
1. Leg Ver1, 2. DRAFT Lease Amend No. 1, 3. Executed Lease 111616, 4. PUC Reso No. 22-0078
042622, 5. RED Ltr 051122, 6. PUC Ltr 050222, 7. Form 126, 8. BLA Rpt 071322, 9. Cmte Pkt
071322, 10. Board Pkt 071922, 11. Leg Final, 12. Form 126 Final
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
5/16/2022
1
RECEIVED AND ASSIGNED
President
5/24/2022
1
RECOMMENDED
Budget and Finance Committee
7/13/2022
1
Pass
ADOPTED
Board of Supervisors
7/19/2022
1
Pass
APPROVED
Mayor
7/28/2022
1