Lease Cafeteria Building at Point Potrero Marine Terminal to JZP Enterprises
In Plain English
JZP Enterprises will lease the old cafeteria building at 1301 Canal Boulevard for 20 years. The company will make structural improvements to the building and pay the port $1.9 million over the lease term. The port can extend the lease for two additional 10-year periods if both parties agree.
Auto-generated summary. Source: official agenda documents.
Votes
Approved the agreement
7 to 0
Why This Vote Matters
The council unanimously approved a 20-year lease allowing JZP Enterprises to rent the old cafeteria building at 1301 Canal Boulevard. Under the agreement, the company will pay the port $1.9 million over the lease term while making structural improvements to the building. The port retains the option to extend the lease for two additional 10-year periods if both sides agree. This deal brings revenue to the port while ensuring the vacant building gets renovated and put back into use.
Auto-generated context. Source: official meeting records.
Community Discussion
This discussion was submitted to the City Clerk as part of the public record.
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