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Authority staff recommend 20-year lease at 1455 Market Street; board hears financial details
Summary
The Transportation Authority’s staff presented an action item on June 10 to authorize the executive director to execute a 20-year lease for office space at 1455 Market Street with two 5-year extension options.
The Transportation Authority’s staff presented an action item on June 10 to authorize the executive director to execute a 20-year lease for office space at 1455 Market Street with two 5-year options to extend. Cynthia Fong, deputy director for finance and administration, said the proposed lease amount would not exceed $1,126,597 for the year, plus operating and lease-related expenses, and that the lease would include annual 3% rent increases.
Fong told the board…
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