City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
221092
Name:
Lease Renewal - Hudson 1455 Market, LLC -
Transit Management Center - 1455 Market Street -
Term Extension - $1,320,059.49
Status:
Type:
Resolution
Passed
File created:
In control:
11/1/2022
Clerk of the Board
On agenda:
Final action:
11/1/2022
12/9/2022
Enactment date:
12/9/2022
511-22
Enactment #:
Title:
Resolution authorizing and approving a first amendment to the lease to the renewal of an office lease
for the existing Transportation Management Center with Hudson 1455 Market, LLC, as landlord, for
the San Francisco Municipal Transportation Agency, at 1455 Market Street, at a yearly initial base rent
of $1,320,059.49 with annual adjustments of three percent for a term of ten years to commence
September 20, 2023, for a total term of September 20, 2023, through September 19, 2033; and to
authorize the Director or Property to enter into any extensions, amendments, or modifications to the
Lease that do not 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. DRAFT First Amend, 3. Original Lease 030911, 4. SFMTAB Reso No. 221004-090
100422, 5. RED Ltr 101122, 6. Form 126, 7. BLA Rpt 111622, 8. Cmte Pkt 111622, 9. Board Pkt
112922, 10. Form 126 Final, 11. Leg Final, 12. Executed First Amend
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
10/19/2022
1
RECEIVED AND ASSIGNED
President
11/1/2022
1
RECOMMENDED
Budget and Finance Committee
11/16/2022
1
Pass
ADOPTED
Board of Supervisors
11/29/2022
1
Pass
APPROVED
Mayor
12/9/2022
1
RECEIVED FROM DEPARTMENT
Clerk of the Board
1/11/2023
1