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Committee backs PUC lease with Mission Valley Rock, citing permitting and operational ties
Summary
The committee recommended approval of a 25-year lease for Mission Valley Rock on PUC-managed parcels, with annual rent of $60,000 and 4% annual increases; the PUC declined competitive bidding citing county permits and operational integration and the budget analyst found the noncompetitive approach reasonable.
The Budget & Finance Committee on Sept. 9 voted to forward a proposed 25-year lease between the San Francisco Public Utilities Commission and Mission Valley Rock for the S & P 24 premises, with an initial annual rent of $60,000 and annual 4% increases.
A PUC presenter told the committee the lease includes an early termination option exercisable by either party after…
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