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Resolution#220554Passed
In plain English
This resolution allows the Police Department to extend its lease at 750 and 752 Vallejo Street for five more years, with a yearly rent of $120,792 that increases by 3% annually. It also includes funding for necessary improvements to the property, not exceeding $267,382, and grants the Director of Property the authority to manage the lease amendment process.
Resolution approving and authorizing the Director of Property, on behalf of the Police Department, to amend the lease of real property located at 750 and 752 Vallejo Street, with Evans Investment Partners, LLC, at a base rent of $120,792 per year with 3% annual increases, with tenant improvements for the Cityβs lawful occupancy of the premises, the cost of which shall not exceed $267,382 and extending the term of the lease for five years, from August 15, 2022, for a total term of August 15, 2017, through August, 15, 2027, plus two five-year options to extend; and authorizing the Director of Property to execute documents, make certain modifications and take certain actions in furtherance of the lease amendment, the lease and this Resolution, as defined herein.
How it got here
Document trail
PDF β
DRAFT Amend No. 1
PDF βAmendment
PDF β
PDF β
PDF β
BLA Rpt 061622
PDF βBudget and Legislative Analyst
PDF β
PDF β
PDF β
PDF β
Executed Lease Amend No. 1 081522
PDF βAmendment
How they voted
ADOPTED
Board of Supervisors Β· Jun 28, 2022Pass
4-0 /1
RECOMMENDED
Government Audit and Oversight Committee Β· Jun 16, 2022Pass
1-0 /1
Legislative journey
PresidentMay 10, 2022 β Jun 7, 2022
βRECEIVED AND ASSIGNED
Β·TRANSFERRED
Government Audit and Oversight CommitteeJun 16, 2022
βRECOMMENDEDPass
Board of SupervisorsJun 28, 2022
βADOPTEDPass
MayorJul 8, 2022
βAPPROVED
Clerk of the BoardAug 22, 2022
Β·RECEIVED FROM DEPARTMENT