Resolution authorizing the exercise of an option to extend the term of a Lease for approximately 20,000 square feet, consisting of a portion of the second floor and entire fourth floor at 1145 Market Street, for the San Francisco Law Library, with 1145 Market Street LP, a California limited partnership, for five years, subject to City’s right to terminate, for the period of July 1, 2018, to June 30, 2023, at a monthly base rent of $98,333.33 for a total annual base rent of 1,180,000 in the initial year with 3% annual increases.

Committee

Clerk of the Board

Requested by

Real Estate Department

Introduced

October 17, 2017

On agenda

October 17, 2017

Passed

December 22, 2017

Enacted

December 22, 2017

Enactment no.

451-17