Title
Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Third Lease Amendment with Artemis Racing, USA for Twenty-Four Months with Two Additional Options for Eighteen Months and Six Months in Building 12 Located at 1050 West Tower Avenue, a Portion of Taxiway H and Access to the Seaplane Lagoon at Alameda Point. (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Introduce an Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Third Lease Amendment with Artemis Racing, USA for Twenty-Four Months with Two Additional Options for Eighteen Months and Six Months in Building 12 Located at 1050 West Tower Avenue at Alameda Point
BACKGROUND
Artemis Racing, past "Challenger of Record" for the 34th America's Cup, represents the Royal Swedish Yacht Club. Artemis has been a tenant at Alameda Point since May 2012 and has made Alameda its home. While the venue for the 35th America's Cup (AC35) has yet to be determined, Artemis wishes to remain at Alameda Point to continue using Building 12 and Seaplane Lagoon as their training facility and operations base. If it is ultimately decided that AC35 will be held on San Francisco Bay, Artemis will likely exercise one or both of its lease options to remain at Alameda Point through the end of that event, which is estimated to be held within the next 3-4 years.
DISCUSSION
Through this lease the City retains an existing tenant, its sailors, support team employees, and their families as well as continuing to support the maritime industry in the City and throughout the region. In addition to the Building 12 premises, the Lease provides for continued use of Seaplane Lagoon and a portion of adjoining Taxiway H for water access and training activities. These uses dovetail with the City's Phas...
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