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Resolution#230999Passed
In plain English

This resolution approves a lease agreement for property at 716-720 Sacramento Street, allowing the Department of Public Health to pay $370,000 annually with 3% increases, effective from July 1, 2023, until June 30, 2026, with options to extend. It also gives the Director of Property the authority to make minor changes to the lease as needed without increasing the city's obligations.

Resolution retroactively approving and authorizing the Director of Property, on behalf of the Department of Public Health, to execute a Fourth Amendment to a Lease of real property located at 716-720 Sacramento Street, with 716 Sacramento LLC (73.4%) and DLS Sacramento LLC (26.6%), at a base rent of $370,000 per year with 3% annual increases, for an initial term commencing July 1, 2023, with a total term of December 1, 1996, through June 30, 2026, with two one-year options to extend; and to authorize the Director or Property to enter into any extensions, 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.

Introduced: Oct 3, 2023
Final action: Nov 21, 2023
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How it got here

Related / predecessor legislation
↑ predecessor#120719— not yet in database
↑ predecessor#130645— not yet in database
↑ predecessor#180155— not yet in database
Document trail
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BLA Rpt 110823
Budget and Legislative Analyst
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How they voted

AMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLE
Budget and Finance Committee · Nov 8, 2023Pass
2-0
RECOMMENDED AS AMENDED
Budget and Finance Committee · Nov 8, 2023Pass
2-0

Legislative journey

Clerk of the BoardSep 22, 2023
·RECEIVED FROM DEPARTMENT
PresidentOct 3, 2023
RECEIVED AND ASSIGNED
Budget and Finance CommitteeNov 8, 2023
RECOMMENDED AS AMENDEDPass
AMENDED, AN AMENDMENT OF THE WHOLE BEARING NEW TITLEPass
Board of SupervisorsNov 14, 2023
ADOPTEDPass
MayorNov 21, 2023
APPROVED