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The reentry pod. The work of the chief within our department in our efforts in sacramento has resulted into this nearly 4. 2 Million Contract by the state for us to attend to the ab 109 realignment population in a way that no other county has, but we expect because of the funding mechanisms on how they have predicated with this program as is already begun in a small way without any funding that we expect other counties to follow suit. This was unofficially nag rated 1 year ago today. But because of the bureaucracy of the state, it has taken us a little bit of time to navigate through those fine lines through state and municipality to get where we are before you. Just one thing i wanted to point out to you is that seven 7 years on the Budget Committee serving on the board of supervisors, the budget information before you is critical to help i think arrive at the decision t ....
Have any announcements . Yes, please silence all Electronic Device and cell phones. Any items you wish to speak on please fill out a speaker card. Madam clerk, please call item no. 1. City clerk item 1 131218 agenda[real property lease employees retirement system 1145 Market Street 119,228. 21 monthly]1312181. Sponsor cohenresolution authorizing a 10year lease of 37,289 sq. Ft. At 1145 Market Street, for office space for the employees retirement system from 1145 Market Street, lp, a california limited partnership, for 119,228. 21 monthly for the period of july 1, 2014, through june 30, 2024. City clerk sf 11234 farrell we have mr. Up dike to speak on this item. Good morning. We heard loud and clear at our last discussion and i have with me the changes when we last d ....
Speaker card. Madam clerk, please call item no. 1. City clerk item 1 131218 agenda[real property lease employees retirement system 1145 Market Street 119,228. 21 monthly]1312181. Sponsor cohenresolution authorizing a 10year lease of 37,289 sq. Ft. At 1145 Market Street, for office space for the employees retirement system from 1145 Market Street, lp, a california limited partnership, for 119,228. 21 monthly for the period of july 1, 2014, through june 30, 2024. City clerk sf 11234 farrell we have mr. Up dike to speak on this item. Good morning. We heard loud and clear at our last discussion and i have with me the changes when we last discussed about a month ago. We have reduced the space foot print of the lease by 1700 square feet and about a 700,000 savings over the term. We have reduced the tenant improvement package by 1 ....
Me the changes when we last discussed about a month ago. We have reduced the space foot print of the lease by 1700 square feet and about a 700,000 savings over the term. We have reduced the tenant improvement package by 145,000. We have reduced the Interest Rate on the additional tenant improvements that would have to be amortized over the 10year term of the lease. That 2 percent reduction from 8 to 6 percent, a very competitive number with respect to borrowing private sector funds will yield about 131,000 in savings. What we have also done while we have affected all of those reduction is we have retained the market rate of 38 a square foot at the base rate. You may recall the chart we had as annualized base. We feel very confident we are below market on the rate. We have retained the 1 month free rent. We have retained a little over a half Million Dollars in base improvement ....
2014. My name is supervisor mark farrell and we are joined by supervisor avalos. And i want to thank sfgtv for recording today. Madam clerk, do we have any announcements . Yes, please silence all Electronic Device and cell phones. Any items you wish to speak on please fill out a speaker card. Madam clerk, please call item no. 1. City clerk item 1 131218 agenda[real property lease employees retirement system 1145 Market Street 119,228. 21 monthly]1312181. Sponsor cohenresolution authorizing a 10year lease of 37,289 sq. Ft. At 1145 Market Street, for office space for the employees retirement system from 1145 Market Street, lp, a california limited partnership, for 119,228. 21 monthly for the period of july 1, 2014, through june 30, 2024. City clerk sf 11234 farrell we ....