Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Leases topic
No spam. Unsubscribe anytime.
Committee approves interim 1145 Market lease for San Francisco Law Library with conditions and executed-contract filing requirement
Summary
The committee approved a proposed interim lease at 1145 Market Street for the San Francisco Law Library (initial ~13,155 sq ft with potential expansion to 20,000 sq ft), including a $500,000 tenant improvement allowance and an amendment to require the city department to file the executed contract for the record; litigation over the library's relocation remains pending but a preliminary injunction hearing was taken off calendar.
The Budget & Finance Committee on June 5 approved a resolution authorizing an interim lease for the San Francisco Law Library at 1145 Market Street.
John Updike, Director of Real Estate, described the Fourth Floor offer (approximately 13,155 square feet) with an option to expand onto part of the Second Floor to reach 20,000 square feet. The lease terms include base rent of about $39 per square foot net of electricity, 4 percent annual increases, a $500,000 tenant improvement allowance, and an early termination clause with 180 days notice. Updike said the city reduced its projected capital contribution to about $520,000.
Deputy City Attorney John Gibner provided a litigation update: the court denied the writ, and the law library's preliminary injunction motion was taken off calendar, so no immediate court order prevents the move to 1145 Market though litigation remains pending.
The Budget and Legislative Analyst reported estimated lease and related costs for the initial five‑year term of about $4.63 million (general fund subject to appropriation) and that the new rent would be roughly 203 percent higher than the library's current occupancy payments to the War Memorial. The committee adopted an amendment requiring the department to provide a copy of the executed contract for the file when available and approved the resolution as amended.
Public commenters offered a mix of remarks; the committee noted the library's written acceptance of interim space with conditions and said space planning will be collaborative with law library staff.
Next steps: the executed lease will be filed and the item forwarded for final Board consideration.
