City Hall
1 Dr. Carlton B. Goodlett
Place
San Francisco, CA 94102-
4689
City and County of San Francisco
Legislation Details
File #:
Version:
1
230915
Name:
Amended and Restated Office Lease - Retroactive -
The Lighthouse Building LLC - 1155 Market - Not to
Exceed $6,685,260.20 in Initial Year
Status:
Type:
Resolution
Failed
File created:
In control:
9/5/2023
Budget and Finance Committee
On agenda:
Final action:
9/5/2023
9/26/2023
Enactment date:
Enactment #:
Title:
Resolution retroactively approving and authorizing the Director of Property to amend and restate the
current lease with The Lighthouse Building LLC, as Landlord, for the City’s lease of approximately
103,487 square feet of rentable square feet comprised of floors one through eight at 1155 Market
Street for use by approximately nine City Departments, to enter into an amended and restated office
lease for a lease term of five years, commencing February 1, 2023, through January 31, 2028, with
one five-year option to extend to January 31, 2033, at an initial annual rent of $6,685,260.20 (or
$557,105.02 per month) with 3% annual increases thereafter for the remainder of the initial term; and
authorizing the Director of Property to enter into any additions, amendments, or other modifications to
the Restated Lease that do not materially increase the obligations or liabilities of the City to effectuate
the purposes of this Resolution.
Sponsors:
Attachments:
1. Leg Ver1, 2. DRAFT Lease Agreement, 3. OCA Ltr. 082223, 4. Form 126, 5. BLA Rpt 092023, 6.
Cmte Pkt 092023, 7. Board Pkt 092623
Action By
Date
Action
Result
Ver.
RECEIVED FROM DEPARTMENT
Clerk of the Board
8/28/2023
1
RECEIVED AND ASSIGNED
President
9/5/2023
1
RECOMMENDED "DO NOT PASS"
Budget and Finance Committee
9/20/2023
1
Pass
ADOPTED
Board of Supervisors
9/26/2023
1
Fail