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Committee backs lease for Kelsey Civic Center disability cultural center and forwards item to full board

Budget and Finance Committee · September 4, 2024
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 committee recommended approval of a 15-year city lease for a Disability Cultural Center at the Kelsey Civic Center (240 Van Ness/155 Grove), including up to $1.16M in tenant improvements and rent relief until buildout completes in early 2025.

The Budget and Finance Committee on Sept. 4 voted to forward to the Board a resolution authorizing a lease between the city and Kelsey Civic Center LLC for ground-floor space at 240 Van Ness (also referenced as 155 Grove) to house a Disability Cultural Center. The lease term is 15 years with three five-year extension options; annual base rent is…

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