Resolution authorizing the lease of property from the City and County of San Francisco, to MP Shoreline Associates Limited Partnership and MP Shorebreeze Associates, L.P., each a California limited partnership, for a term of approximately 60 years, with the base rent of $100,874 per year with an increase every five years in predetermined increments, and with a 3% annual inflation factor, to commence following Board approval; and authorizing the Director of Property and/or the San Francisco Public Utilities Commission General Manager to execute documents, make certain modifications, and take certain actions in furtherance of this Resolution, as defined herein.

Committee

Clerk of the Board

Requested by

Public Utilities Commission

Introduced

June 19, 2018

On agenda

June 19, 2018

Passed

August 2, 2018

Enacted

August 2, 2018

Enactment no.

260-18