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Committee recommends retroactive lease amendment for DCYF at Fox Plaza with early‑termination reporting requirement
Summary
The committee forwarded a retroactive five‑year lease amendment for DCYF at Fox Plaza that includes rent credits and a two‑year early‑termination option; BLA recommended and the committee added a requirement that Real Estate report on feasibility of moving tenants to city‑owned property and analysis of potential purchases.
The committee on Jan. 27 recommended the Board approve a retroactive five‑year lease amendment between the city and the landlord of Fox Plaza (1390 Market St) for space used by the Department of Children, Youth and Their Families (DCYF).
Rico Penick, Director of Real Estate, and Denise Peyton of DCYF presented the agreement, which…
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