Back to legislation
Resolution#220844Passed
In plain English
The resolution approves a lease agreement with Aardvark Storage Unlimited, Inc. for approximately 279,740 square feet of land at Seawall Lot 344, starting at a monthly rent of $99,961.20 for five years, with an option to extend for one additional year. It also allows the Port's Executive Director to make minor changes to the lease as needed without increasing the city's obligations.
Resolution approving Port Commission Lease No. L-16846 with Aardvark Storage Unlimited, Inc., a California corporation, dba American Storage, located at 600 Amador Street within Seawall Lot 344 for approximately 279,740 square feet of paved land for an initial monthly rent of $99,961.20 and a term of five years with one one-year option to extend the term, to commence upon Board of Supervisors approval; and to authorize the Executive Director of Port to enter into any additions, amendments, or other modifications to the Lease that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of this Resolution.
How it got here
Document trail
PDF โ
PDF โ
PDF โ
PDF โ
BLA Rpt 092122
PDF โBudget and Legislative Analyst
PDF โ
PDF โ
PDF โ
PDF โ
PDF โ
How they voted
ADOPTED
Board of Supervisors ยท Sep 27, 2022Pass
5-0
RECOMMENDED
Budget and Finance Committee ยท Sep 21, 2022Pass
1-0
Legislative journey
Clerk of the BoardJul 11, 2022
ยทRECEIVED FROM DEPARTMENT
PresidentJul 26, 2022
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeSep 21, 2022
โRECOMMENDEDPass
Board of SupervisorsSep 27, 2022
โADOPTEDPass
MayorOct 6, 2022
โAPPROVED