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Resolution#230914Passed
In plain English
This resolution allows the City to lease a property near Alemany Boulevard to Our Planet Recycling for five years at an annual rent of about $23,398, with annual increases and an option to extend for another five years. It also ensures the lease complies with city planning policies and authorizes the Director of Property to make minor adjustments to the lease as needed.
Resolution authorizing and approving the Lease of City-owned real property located at Assessorβs Parcel Block No. 5695, Lot No. 23, adjacent to Alemany Boulevard in San Francisco, with Our Planet Recycling SF, LLC, a California corporation, doing business as Our Planet Recycling, for an initial five-year term at an annual base rent of $23,397.96 (or the monthly amount of $1,949.83); plus 3% annual increases to base rent; plus one additional five-year extension option to further extend the term of the Lease, subject to satisfaction of certain conditions and to be readjusted to then-fair market base rent; effective upon approval of this Resolution; finding the proposed transaction is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1; adopting California Environmental Quality Act (CEQA) findings; and to authorize the Director of Property to enter into amendments or modifications to the Lease that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of the Lease or this Resolution.
How it got here
Document trail
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PLN Proj Summ and Draft Motion 071323
PDF βSF Planning Department
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PLN GP Referral 100223
PDF βSF Planning Department
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How they voted
ADOPTED
Board of Supervisors Β· Oct 17, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee Β· Oct 11, 2023Fail
2-0
Legislative journey
Clerk of the BoardAug 25, 2023
Β·RECEIVED FROM DEPARTMENT
PresidentSep 5, 2023
βRECEIVED AND ASSIGNED
Budget and Finance CommitteeOct 11, 2023
βRECOMMENDEDFail
Board of SupervisorsOct 17, 2023
βADOPTEDPass
MayorOct 26, 2023
βAPPROVED