BAWSCA Board Policy Committee Agenda Packet 2026-06-10
BAWSCA Negotiates Office Lease Extension with Savings
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Description
BAWSCA is considering renewal of its office lease at 155 Bovet Road with the property management’s agent, securing a reduced lease rate and four months’ rent abatement for a 64-month extension. The new terms offer significant savings while maintaining a central service location.
Contract Details
Contract Amount
$3.80 per square foot; four months’ free rent; estimated FY 2026-27 savings of $53,000
Vendor
PROPERTY MANAGEMENT'S AGENT
Agency
Bay Area Water Supply & Conservation Agency, CA
Contract Type
FACILITIES
Document Date
June 10, 2026
Contract Term
Sixty-four months beginning February 1, 2027
Renewal Date
2032-05-31
Renewal Info
Option to extend exercised for 64 months at market rate with negotiated concessions; four months’ rent abatement and future annual 3% increase. Shorter terms would reduce concessions.
Issuing Agency
Bay Area Water Supply & Conservation Agency
Special District
San Mateo, CA
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