Resolution authorizing a new lease between the Port of San Francisco and the Pilara Family Foundation for the premises located at Pier 24 Annex on The Embarcadero for a term of approximately three years and ten months to commence following Board approval at a monthly rent of $92,857.40 with a monthly rent credit of $87,122.09 in respect of previously completed capital improvements to the property.

The Port Commission approved a Settlement Agreement and a new lease with the Pilara Family Foundation to resolve outstanding rent disputes and allow for continued public access to the photography collection.

After two years of unsuccessful negotiations regarding rent and lease terms, Port staff issued a 30-day notice of termination for the expired lease with the Pilara Family Foundation.

The original lease between the Port and the Pilara Family Foundation expired, leading to a holdover status and subsequent disputes over rent credits and payments.

The Port Commission approved the terms of the new lease, which included provisions for rent credits and public access requirements, subject to Board of Supervisors approval.

The Pilara Family Foundation resumed offering free public access to its photography collection, which was a requirement of the new lease.

The Budget and Finance Committee reviewed and amended the resolution authorizing the new lease with the Pilara Family Foundation.

The Board of Supervisors adopted the resolution authorizing the new lease between the Port of San Francisco and the Pilara Family Foundation.

The Mayor approved the resolution authorizing the new lease, finalizing the legislative process.