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Committee approves termination of Ellis O'Farrell Parking lease after MTA assumes operations

San Francisco Board of Supervisors Budget and Finance Committee · February 6, 2013
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Summary

The committee approved terminating the city’s long‑running lease with Ellis O'Farrell Parking Corporation after the MTA paid off bonds and assumed daily operations; analysts estimate annual savings of about $174,174.

The Budget & Finance Committee on Feb. 6 approved a resolution authorizing termination of the lease between the City and the Ellis O'Farrell Parking Corporation for the garage at 123 O'Farrell Street after the…

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