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Committee forwards Port lease with Ammunition LLC after budget analyst flags policy decision
Summary
The committee forwarded a Port lease for Ammunition LLC at 10 Lombard Street (52-month term) after Port staff said the tenant will invest $290,000 in tenant improvements and pay an effective rate above port minimums; the Budget Analyst noted the absence of competitive bidding makes the resolution a policy decision for the Board.
The Budget and Finance Committee on Sept. 1 forwarded a Port Commission lease (L-15150) between the Port of San Francisco and Ammunition LLC for office space at 10 Lombard Street.
Nate Cruz of the Port said Ammunition, an industrial design firm, will perform a minimum of $290,000 in tenant improvements…
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