This resolution allows the City to lease 4,009 square feet of property at 8 Boardman Place for the Public Defender’s Office for five years, with options to extend, at a starting annual rent of $144,000. The lease will begin after necessary improvements are completed, with rent payments starting three months later.
Resolution approving and authorizing the Director of Property, on behalf of the City and County of San Francisco (“City”), to lease 4,009 square feet of real property for the Public Defender’s Office, located at 8 Boardman Place, for a five year term with two five-year options to extend at 95% of fair market value, at an annual base rent of $144,000 ($84,000 in the first year of the lease term), from STEEL ARC, LLC, a California limited liability corporation, effective upon approval of this Resolution and the lease term to commence upon completion of tenant improvements, rent payments will begin three months after lease commencement; and to authorize the Director of Property to enter into any additions, amendments or other modifications to the lease that do not otherwise materially increase the obligation 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 for additional office space for the Public Defender's Office due to overcrowding at their current location.
The Mayor's Office submitted a resolution to authorize the Director of Property to lease 4,009 square feet of real property for the Public Defender's Office from STEEL ARC, LLC.
The Budget and Finance Committee reviewed and recommended the resolution for approval.
The Board of Supervisors adopted the resolution approving the lease for the Public Defender's Office.
The Mayor approved the resolution, allowing the lease to proceed.
Reconstructed from attached documents & the official record
