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Commission defers Bar Pilots lease amendment amid America's Cup concerns

Port Commission of the Port Of San Francisco · October 25, 2011
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The commission withdrew a motion and continued consideration of a lease amendment for the San Francisco Bar Pilots after tenants and pilots raised concerns about potential America's Cup uses of adjacent apron areas and recent memo language changes; staff was asked to address concerns and bring the item back.

Port staff proposed a second amendment to Lease L14282 with the San Francisco Bar Pilots that would keep the monthly base rent flat at $100,000 for the first five years, clarify the security deposit at $200,000 and change future adjustments to prevailing market rent. Staff said the change would allow the rent to move up or down at market…

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