Resolution authorizing a Lease for approximately 27,154 square feet consisting of entire three floors of 777 Brannan Street, for the Police Department, with LCL Global - 777 Brannan Street, LLC, a limited liability corporation, for ten years with two five-year options for renewal, for the period of July 1, 2018, to June 30, 2028, at an initial monthly base rent not to exceed $83,724.83 for a total annual initial base rent of $1,004,698 in the initial year with annual increases of three percent; and finding the Lease is in conformance with the General Plan, and the eight priority policies of Planning Code, Section 101.1.

Committee

Clerk of the Board

Requested by

Real Estate Department

Introduced

April 17, 2018

On agenda

April 17, 2018

Passed

May 30, 2018

Enacted

May 30, 2018

Enactment no.

159-18