This resolution approves a 25-year lease agreement for training facilities on Treasure Island, with a minimum monthly rent of $1 until occupancy, then increasing to $27,750 per month. It also confirms that no new environmental impacts will arise from the lease and allows for minor amendments to the lease terms.
Resolution making California Environmental Quality Act findings and confirming the San Francisco Planning Department’s determination that no additional environmental impacts that were not previously identified would occur as a result of the proposed lease; and approving and authorizing the execution of a 25-year lease agreement after approval of this Resolution with four consecutive five-year extension options, between the Treasure Island Development Authority and BAFC Team Operator, LLC for its training facilities on approximately 8.49 acres of land on Treasure Island, with a minimum monthly base rent of $1 from the commencement of the lease until the occupancy date, and $27,750 per month thereafter; and to authorize the Treasure Island Director to enter into amendments or modifications to the lease and the parking lease terms 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
The legislation originated from the need to establish a permanent training facility for the Bay Football Club on Treasure Island, following prior environmental assessments and planning approvals.
The Planning Commission certified the completion of the 2011 Final Environmental Impact Report (FEIR) for the Treasure Island/Yerba Buena Island Project, which included the site for the future training facility.
The Board unanimously affirmed the certification of the 2011 FEIR and adopted CEQA findings and a Mitigation Monitoring and Reporting Program.
TIDA and Bay FC signed a Letter of Intent to negotiate a lease agreement for a training facility on Treasure Island.
The TIDA Board confirmed that no additional environmental impacts would occur from the proposed lease and approved the lease agreement with Bay FC.
The Board adopted the resolution approving the lease agreement with Bay FC for the training facility, which includes a minimum monthly rent structure.
Reconstructed from attached documents & the official record
