Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Real Estate Leases topic
No spam. Unsubscribe anytime.
Committee amends and forwards three lease items, including retroactive Chinatown lease and rent correction
Summary
The Committee amended Item 7 to make the DPH lease retroactive to July 1, 2023, corrected a typographical rent error in the legislative file, and forwarded Items 7 (as amended), 8 and 9 to the full Board. Item 7 secures continued space for the Chinatown Child Development Center; Items 8 and 9 authorize leases for Department of Technology storage and a parent resource hub.
The Budget and Finance Committee on Nov. 8 amended and forwarded three real‑estate items to the full Board: Item 7, a fourth amendment to the lease for 716–720 Sacramento Street (home to the Chinatown Child Development Center), Item 8, a new lease for 2205 Jennings Street to serve Department of Technology storage and parking needs, and Item 9, a three‑year lease at 42 Golf Street for a Parent Resource Hub managed by HSA.
Rico Penick, director of real estate, said DPH has occupied the Sacramento Street premises since 1996 and Real Estate negotiated a three‑year amendment with two one‑year options and reduced the first‑year rent to $370,000 (about $40/sq ft). BLA staff recommended that Item 7 be amended to clarify retroactivity to 07/01/2023 and flagged typographical inconsistencies in the legislative file: the file listed $40/sq ft but an incorrect annual total ($454,000) that Real Estate agreed should read $370,000.
DPH staff (Anna Wlodzik and Dave Borgognoni) said plans to relocate the Chinatown Child Development Center depend on a public health and safety bond scheduled for Nov. 2024 and on subsequent construction timing; they asked the committee to approve the lease amendment to preserve operations while relocation is contingent on the bond.
On Item 8, Penick described a negotiated lease at 2205 Jennings Street for roughly 10,000 sq ft of warehouse and 5,000 sq ft of yard for Department of Technology use, with rent set at $22,000 per month ($264,000/year) and a one five‑year option to extend; the relocation followed sale of the Egbert site that required the city to vacate within 60 days. Item 9 authorizes a three‑year lease at 42 Golf of about 1,744 sq ft for a Parent Resource Hub at $25.50/sq ft ($44,472/year) fully serviced, with two months free rent and an option to extend.
The committee voted to amend Item 7 to include retroactivity to July 1, 2023, and then to forward Items 7 (as amended), 8 and 9 to the Board with positive recommendations; votes were recorded as 'aye' by Vice Chair Rafael Mandelmann and Chair Connie Chan and the motions passed.
