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Board approves library lease at 950 Grant Avenue with JQ Properties
Summary
Supervisors approved a resolution authorizing a lease for the San Francisco Public Library at 950 Grant Avenue with base rent about $168,000/year and a $10,500 annual increase beginning in year two; the resolution passed unanimously.
The Board of Supervisors adopted a resolution authorizing the Director of Property to execute a lease on behalf of the San Francisco Public Library for real property at 950 Grant Avenue with JQ Properties LP. The clerk read the key lease terms into the record: a base rent of approximately $168,000 per year, a scheduled $10,500 annual increase beginning in the second lease year after tenant improvements, a 30‑month initial term and a one‑year option to extend with 90 days' notice to cancel.
The measure was adopted on the consent calendar with a unanimous roll call. City staff said the location would support the library's local services; no board debate was recorded and the clerk announced the resolution was adopted.
