This resolution extends the lease for Treasure Island between the Treasure Island Development Authority and the U.S. Navy for one additional year, now ending on November 30, 2022. The lease originally began on November 19, 1998.
Resolution approving Amendment No. 46 to the Treasure Island Land and Structures Master Lease between the Treasure Island Development Authority and the United States Navy to extend the term for one year to commence December 1, 2021, for a total term of November 19, 1998, through November 30, 2022.
How it got here
The legislation originated from the need to extend the term of the Treasure Island Land and Structures Master Lease between the Treasure Island Development Authority and the United States Navy.
The Treasure Island Development Authority entered into Master Lease Agreement No. N6247499RP42P12 with the United States Navy for the use and sublease of certain land and structures on former Naval Station Treasure Island.
The Board of Directors of the Treasure Island Development Authority approved the 46th Amendment to the Land and Structures Master Lease to extend the term for one year.
The Budget and Finance Committee recommended the resolution to extend the lease term.
The Board of Supervisors adopted the resolution approving Amendment No. 46 to the Master Lease, extending the term to November 30, 2022.
The Mayor approved the resolution, finalizing the extension of the lease term.
Reconstructed from attached documents & the official record
