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Resolution#230998Filed
In plain English
This resolution approves a five-year lease agreement for office space at Bayview Plaza for the Department of Public Health, with an annual base rent of $554,347 and 3% yearly increases. It also authorizes the Director of Property to make necessary amendments or extensions to the lease without significantly altering the city's obligations or benefits.
Resolution approving and authorizing the Director of Property, on behalf of the Department of Public Health, to execute a Lease Agreement for the term of five years with two five-year options to extend the term for continued use of office space with the Bayview Plaza, LLC, located at 3801-3rd Street, Suite 400, at a base rent of $554,347 per year (approximately $37.39 per square foot) with 3% annual rent increases effective upon approval of the Resolution and upon execution of the Lease by the Director of Property; and authorizing the Director of Property to execute any amendments, options to extend the agreement term, make certain modifications and take certain actions that do not materially increase the obligations or liabilities to the City, do not materially decrease the benefits to the City and are necessary or advisable to effectuate the purposes of the Lease Agreement or this Resolution.
How it got here
Document trail
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BLA Rpt 110123
PDF โBudget and Legislative Analyst
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How they voted
CONTINUED TO CALL OF THE CHAIR
Budget and Finance Committee ยท Nov 1, 2023Pass
2-0
Legislative journey
Clerk of the BoardSep 21, 2023
ยทRECEIVED FROM DEPARTMENT
PresidentOct 3, 2023
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeNov 1, 2023
โทCONTINUED TO CALL OF THE CHAIRPass
Clerk of the BoardMay 6, 2024
ยทFILED PURSUANT TO RULE 3.41