This resolution allows the San Francisco Public Library to lease a property at 950 Grant Avenue for $168,000 per year, with an annual increase, for 30 months, plus a one-year extension option. It also gives the Director of Property the authority to manage and modify the lease as needed.
Resolution approving and authorizing the Director of Property, on behalf of the San Francisco Public Library, to execute a Lease of real property located at 950 Grant Avenue, with JQ Properties, LP, at a base rent of $168,000 per year with a $10,500 annual increase in the second lease year, commencing upon the substantial completion of tenant improvements, following approval of this Resolution and expiring 30 months later, and a one-year option to extend, cancellable upon 90-daysโ notice; authorizing the Director of Property to execute documents, make certain modifications and take certain actions in furtherance of the Lease and this Resolution, as defined herein; and 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
The legislation originated from the need to temporarily relocate library services during renovations of the Chinatown Him Mark Lai Library.
The Real Estate Division proposed a lease for a temporary library branch at 950 Grant Avenue to maintain services while the Chinatown Library undergoes renovations, scheduled to begin in early 2025.
The Planning Commission authorized a Conditional Use for the proposed library location, determining it to be a Public use in the Chinatown Visitor Retail District.
The Budget and Finance Committee recommended the resolution for the lease agreement to the Board of Supervisors.
The Board of Supervisors adopted the resolution approving the lease with JQ Properties, LP for the temporary library branch.
The Mayor approved the resolution, finalizing the lease agreement.
Reconstructed from attached documents & the official record