This resolution allows the Director of Property to lease about 11,894 square feet at 845 Jackson Street from the Chinese Hospital Association for three years, with an option to extend for one year, at an annual rent of $499,548. It also authorizes the Director to make minor amendments to the lease as needed.
Resolution approving and authorizing the Director of Property to enter into a lease of approximately 11,894 square feet of real property located at 845 Jackson Street on the 4th Floor with Chinese Hospital Association, as Landlord, for an initial term of three years with one option to extend the term for one-year, effective upon approval of this Resolution, for an initial annual base rent of $499,548 (or $42 per square foot annually) (“Lease”); authorizing the Director of Property, on behalf of the Department of Public Health, to execute the Lease; and authorizing the Director of Property to enter into other amendments or modifications to the Lease 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 temporarily relocate the Department of Public Health's services during renovations of the Chinatown Public Health Center, following the approval of a general obligation bond by voters.
Voters approved Proposition B, which allocated funds for the renovation of the Chinatown Public Health Center.
The Board approved the first issuance of bonds from Proposition B, appropriating $71.1 million for the renovation project.
The Real Estate Division submitted a proposed lease agreement for 11,894 square feet at Chinese Hospital to the Board of Supervisors for approval.
The Mayor's Office communicated the details of the lease proposal to the Clerk of the Board, emphasizing the need for temporary relocation during renovations.
The Budget and Finance Committee recommended the lease proposal for approval by the Board of Supervisors.
The Board of Supervisors adopted the resolution approving the lease with the Chinese Hospital Association.
The Mayor approved the resolution, allowing the Department of Public Health to execute the lease.
Reconstructed from attached documents & the official record
