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Committee forwards four city lease amendments that reduce rent about 5% and yield modest savings to general fund
Budget and Finance Committee, San Francisco County · October 20, 2010
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Summary
The committee recommended four lease amendments that reduce rent by roughly 5% at properties used by city departments, projecting $85,346 in total annual savings and about $28,206 to the general fund annually.
The Budget and Finance Committee recommended that the Board consider resolutions to amend four existing city leases—at 729 Filbert Street, 650 Fifth Street, 160 South Van Ness Avenue and 109 New Montgomery Street—to reduce rents by approximately 5% in exchange for modest term extensions.
John Updike,…
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