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Resolution#220803Passed
In plain English

This resolution allows the Real Estate Division to extend the lease for the New Conservatory Theatre Center at 25 Van Ness Avenue for five years and forgives $50,067.60 in rent from January to June 2021. It also gives the Director of Property the authority to make minor adjustments to the lease as needed.

Resolution authorizing the Real Estate Division to approve a fourth amendment to the lease to extend approximately 14,229 rentable square feet of space at 25 Van Ness Avenue, Lower Level, to New Conservatory Theatre Center, a California non-profit corporation, for a five-year period from October 1, 2028, through September 30, 2033, and forgive rent between January 2021, through June 2021, in the amount of $50,067.60; and to authorize the Director of Property to enter into any extensions, amendments, or modifications to the Lease that do not materially reduce the rent or otherwise materially increase the obligations or liabilities to the City and are necessary or advisable to effectuate the purposes of the Lease or this Resolution.

Introduced: Jul 19, 2022
Final action: Sep 29, 2022
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How it got here

Document trail
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BLA Rpt 091422
Budget and Legislative Analyst
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How they voted

Legislative journey

Clerk of the BoardJul 11, 2022
ยทRECEIVED FROM DEPARTMENT
PresidentJul 19, 2022
โ†’RECEIVED AND ASSIGNED
Budget and Finance CommitteeSep 14, 2022
โœ“RECOMMENDEDPass
Board of SupervisorsSep 20, 2022
โœ“ADOPTEDPass
MayorSep 29, 2022
โœ“APPROVED