Back to legislation
Resolution#231000Passed
In plain English
This resolution approves a lease agreement for a portion of property at 2205 Jennings Street for three years at an annual rent of $264,000, with a 3% increase each year and an option to extend for five more years. It also allows the Director of Property to make minor amendments to the lease as needed.
Resolution authorizing and approving the lease of a portion of the real property located at 2205 Jennings Street with J.D. Harney, Inc., a California corporation, John Daniel Harney and Bernadette Patricia Harney, Co-Trustees or Successor Trustee of the John Daniel Harney and Bernadette Patricia Harney Revocable Living Trust Under Agreement dated August 13, 1987, as Community Property, and MM1495Wall LP, a California Limited partnership, for an initial three-year term at an annual base rent of $264,000 (or the monthly amount of $22,000); plus 3% annual increases to base rent; plus one five-year extension option to further extend the term of the Lease; the Lease will be effective upon approval of this Resolution; 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
PDF โ
PDF โ
PLN Ltr 082323
PDF โSF Planning Department
PDF โ
PDF โ
BLA Rpt 110823
PDF โBudget and Legislative Analyst
PDF โ
PDF โ
PDF โ
PDF โ
How they voted
ADOPTED
Board of Supervisors ยท Nov 14, 2023Pass
5-0
RECOMMENDED
Budget and Finance Committee ยท Nov 8, 2023Pass
2-0
Legislative journey
Clerk of the BoardSep 22, 2023
ยทRECEIVED FROM DEPARTMENT
PresidentOct 3, 2023
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeNov 8, 2023
โRECOMMENDEDPass
Board of SupervisorsNov 14, 2023
โADOPTEDPass
MayorNov 21, 2023
โAPPROVED