The resolution approves a 36-month lease for Autodesk, Inc. at Pier 9, allowing them to use approximately 33,282 square feet of space for office and research purposes, with a monthly rent of $147,018.12, and grants the Port's Executive Director the authority to make minor modifications to the lease as needed.
Resolution retroactively approving Port Commission Lease No. L-17256 with Autodesk, Inc., a Delaware corporation, located at Pier 9, Suite 116, and Bays 1-3 for a 36-month lease with one 12-month option to extend the term from February 1, 2025, through January 31, 2028, for approximately 33,282 square feet of shed space, approximately 1,688 square feet of shed space for storage, approximately 6,622 licensed square feet of roof space and approximately 6,594 licensed square feet on the marginal wharf located between Pier 9 and Pier 15 for use as office, research and development, workshop space and public access, for a monthly rent of $147,018.12; and to authorize the Executive Director of the Port to enter into any additions, amendments or other modifications to the Lease that do not materially increase the obligations or liabilities of the City or Port and are necessary or advisable to complete the transactions which this Resolution contemplates and effectuate the purpose and intent of this Resolution.
How it got here
The legislation originated from the need to renew a lease for Autodesk, Inc. at Pier 9, following the expiration of their previous lease.
The Port Commission approved Resolution No. 25-32, authorizing the Executive Director to enter into Lease L-17256 with Autodesk, Inc. for a 36-month lease with one 12-month option to extend, retroactive to February 1, 2025.
The Port submitted the proposed resolution and lease documents to the Clerk of the Board of Supervisors for approval, following the Port Commission's authorization.
The Budget and Finance Committee recommended the resolution for approval, facilitating the next step in the legislative process.
The Board of Supervisors adopted the resolution, retroactively approving the lease with Autodesk, Inc. for Pier 9.
The Mayor approved the resolution, finalizing the legislative process for the lease agreement.
Reconstructed from attached documents & the official record
