https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5461874&GUID=655F6EB2-93F1-463A-9072-53D44E2294DB&G=1088EC25-A43A-408F-A57C-73C0A70269ABLegistar15https://sanmateocounty.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5461874&GUID=655F6EB2-93F1-463A-9072-53D44E2294DB&G=1088EC25-A43A-408F-A57C-73C0A70269AB655F6EB2-93F1-463A-9072-53D44E2294DB-2024-02-09-21-16-22Title: Adopt a resolution authorizing: A) The President of the Board of Supervisors to execute a Lease Agreement with Kismet Partners, LLC, a California Limited Liability Company, to allow the County to lease the Industrial Hotel, a Single Room Occupancy Hotel consisting of 45 rooms of residential units located at 505 Cypress Avenue, in South San Francisco, for an initial ten (10) year term commencing on March 1, 2022, at an initial monthly Base Rent of $34,744.34, with annual 3.5% increases; and B) The County Manager to execute a sublease agreement with Telecare Corporation, a California Corporation, for the purpose of operating the Industrial Hotel and provide services pursuant to the service agreement executed between the County and Telecare; and C) The County Manager, or their designee, to accept or execute notices, options and documents associated with the Agreement including, but not limited to, extension or termination of the agreement under the terms set forth therein.Fri, 09 Feb 2024 21:16:22 GMT