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Committee advances Treasure Island sublease, extends John Stewart Company management
Summary
A committee advanced a resolution to continue a sublease and property-management agreement with the John Stewart Company on Treasure Island, approving a seven-year term with a three-year option and an annual base rent of about $632,000; the motion passed without objection.
A San Francisco Board of Supervisors committee on opening business advanced a resolution that would extend the sublease and property-management agreement for market-rate rental housing on Treasure Island to the John Stewart Company.
Unidentified project staff told the committee the contract follows procurement conducted under the Treasure Island Development Authority (TIDA) and the city's contract-monitoring process and that John Stewart was the sole responsive bidder. "John Stewart has provided exemplary property…
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