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Resolution#231035Passed
In plain English
This resolution allows the city to lease property at 42 Gough Street to Gough Club, LLC for three years at an initial rent of $44,472 per year, with annual increases tied to the Consumer Price Index. It also gives the Director of Property the authority to make minor changes to the lease without increasing the city's obligations.
Resolution authorizing and approving the lease of real property located at 42 Gough Street, with Gough Club, LLC, a California limited liability corporation, for a three year term at an initial base rent of $44,472 per year with annual rent increases based on the Consumer Price Index of 3% to 5%, with one option to extend for one-year, effective upon approval of this Resolution; authorizing the Director of Property to enter into any additions, amendments, or other modifications to the Lease that do not materially increase the obligations or liabilities of the City to effectuate the purposes of the Lease or this Resolution.
How it got here
Document trail
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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 29, 2023
ยทRECEIVED FROM DEPARTMENT
PresidentOct 17, 2023
โRECEIVED AND ASSIGNED
Budget and Finance CommitteeNov 8, 2023
โRECOMMENDEDPass
Board of SupervisorsNov 14, 2023
โADOPTEDPass
MayorNov 21, 2023
โAPPROVED