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Committee extends procedural lease approvals for Treasure Island and notes childcare operations
Summary
Items to extend two Treasure Island master leases for one year (Dec. 1, 2017–Nov. 30, 2018) were advanced to the full Board; the Treasure Island Development Authority said the Navy’s real estate policy favors annual extensions and the childcare center on the island is operated by Catholic Charities serving roughly 50–60 children.
The Budget and Finance Committee moved two procedural lease amendments for Treasure Island to the full Board with a positive recommendation.
Peter Somerville of the Treasure Island Development Authority told the committee that amendment No. 13 to the Treasure Island childcare master lease and amendment No. 42 to the Treasure Island land and structures master lease are administrative one-year extensions covering Dec. 1, 2017, through Nov. 30, 2018. Somerville said there are no revenues or expenses associated with these office-to-Navy annual extensions and that the Navy’s general real estate policy typically implements year-to-year extensions.
Supervisor Norman Yee asked whether the childcare center is operating; Somerville said Catholic Charities operates the childcare under an annual operating agreement and serves primarily island families, with approximately 50 to 60 children enrolled. With no public comment, the committee voted to send the lease items to the full Board with a positive recommendation.
