housing-authority-of-the-county-of-san-diego-agenda-2025-06-25_eb9.pdf
Lease Amendment with SGCLMC-WELD Investment Company, L.P.
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Description
The San Diego County is considering an amendment to a 50-year ground lease agreement with SGCLMC-WELD Investment Company, L.P. The amendment extends the term by an additional 25 years with renewal options and adds the Working Families Ordinance (WFO) provision
Contract Details
Contract Amount
NA
Vendor
SGCLMCWELD INVESTMENT
Agency
Housing Authority of the county of San Diego, CA
Contract Type
Industrial Ground Lease
Document Date
June 25, 2025
Contract Term
50 years + additional 25 years, with two renewal options. The first option allows the lease to be extended 15 years, and the second option provides for an additional 9 years
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Related Contracts
Issuing Agency
Housing Authority of the county of San Diego
Local Housing Authority
San Diego, CA
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