Resolution retroactively approving and authorizing the Director of Property, on behalf of the San Francisco Police Department, to execute a License of a portion of the real property located at 1-199 Forest Road, Building 278 with U.S. Department of Homeland Security - U.S. Coast Guard, federal government, for an initial term of five years at an initial annual base rent of $0 effective November 1, 2024, through October 31, 2029; and authorizing the Director of Property to enter into amendments or modifications to the License that do not materially increase the obligations or liabilities to the City and are necessary to effectuate the purposes of the License or this Resolution.

The San Francisco Police Department (SFPD) identified the need for a new police substation to enhance public safety on Yerba Buena Island, replacing the existing facility on Treasure Island.

The U.S. Coast Guard relocated its operations from Building 278 on Yerba Buena Island, making the space available for SFPD's use.

The Real Estate Division negotiated a License Agreement with the U.S. Department of Homeland Security - U.S. Coast Guard for 2,744 square feet at Building 278.

The Budget and Finance Committee recommended the resolution to approve the license agreement for the new police substation.

The Board of Supervisors adopted the resolution authorizing the Director of Property to execute the License Agreement with the U.S. Coast Guard.

The Mayor approved the resolution, finalizing the authorization for the license agreement.

The Clerk of the Board received the final documentation from the department regarding the executed license agreement.