160091
Resolution authorizing the San Francisco Municipal Transportation Agency (SFMTA) to execute an Industrial Lease Agreement with Tanforan Industrial Park, LLC, for approximately 7.3 acres of space located at 30 Tanforan Avenue, South San Francisco, to be used for SFMTA bus operator training courses for a nine year and five month term estimated to be from October 1, 2016, through February 28, 2026, with an initial annual base rent of $2,480,304 and annual 2% rent increases; the Lease includes a purchase option, right of first refusal, and an extension option.
What this record is
- Amount
- $2.48M
- Runs until
- February 28, 2026 already ended date quoted from the award document
- Type
- amendment
- Field
- Vehicles & equipment
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Budget and Finance Committee
- Requested by
- Municipal Transportation Agency
- Introduced
- February 9, 2016
- On agenda
- February 9, 2016
- Passed
- November 15, 2016