The resolution approves a lease for a Disability Community Cultural Center at 240 Van Ness Avenue for 15 years, with options to extend, at an annual rent starting at $60,353. It also authorizes up to $1,167,500 for tenant improvements and allows the Director of Property to make necessary adjustments to the lease.
Resolution approving and authorizing the Director of Property, on behalf of the Human Services Agency, Department of Disability and Aging Services, to execute a Lease agreement with THE KELSEY CIVIC CENTER, LLC, for use of the ground floor commercial space at 240 Van Ness Avenue as a Disability Community Cultural Center for the term of 15 years with three five-year options to extend and an annual base rent of $60,353 with 2% annual increases beginning January 1, 2026, effective upon approval of this Resolution; authorizing the City’s contribution of up to $1,167,500 towards the cost of tenant improvements; 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
This legislation originated from the need to establish a Disability Community Cultural Center in a new affordable housing development at 240 Van Ness Avenue.
The Board approved a ground lease with The Kelsey Civic Center, L.P. for the construction of affordable housing and a Disability Cultural Center at 240 Van Ness Avenue.
A Letter of Intent was established between Kelsey and the Department of Disability and Aging Services to sublease the ground floor space for the Disability Cultural Center.
The Director of Real Estate submitted a proposal for a lease to establish the Disability Cultural Center, detailing the terms and City contributions for tenant improvements.
The Budget and Finance Committee recommended the resolution to approve the lease agreement with The Kelsey Civic Center, LLC.
The Board of Supervisors adopted the resolution approving the lease for the Disability Community Cultural Center.
The Mayor approved the resolution, allowing the lease agreement to move forward.
Reconstructed from attached documents & the official record
