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Subcommittee approves 10‑year lease extension for 1421 Broderick Street to house adult residential facility
Summary
The Budget & Finance subcommittee voted to forward a resolution authorizing a 10‑year renewal of the lease for the 12,417‑sq‑ft building at 1421 Broderick Street for the Department of Public Health, which operates a 33‑bed adult residential facility; rent rises from $12,661 to $12,914 per month, with CPI caps between 2% and 6%.
The Budget & Finance subcommittee voted to forward a resolution authorizing the city to exercise a 10‑year option to renew the lease on the 12,417‑square‑foot building at 1421 Broderick Street that houses a 33‑bed adult residential facility for the Department of Public Health.
Mr. Updike of the Real Estate Department told the committee the property is across from a Kaiser medical facility and is currently used as a long‑term stay community residential facility for adults with serious mental and medical illnesses.…
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