Title
Recommendation to Approve the First Amendment to the Exclusive Negotiating Agreement (ENA) between the City of Alameda and Radium Presents to Extend the Term of the ENA to December 31, 2025 unless Terminated or Extended as Provided in the ENA.
The streamlining provision of Public Resources Section 21083.3 and Section 15183 of the California Environmental Quality Act Guidelines apply and no further environmental review is required. (Base Reuse and Economic Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
The recommended First Amendment to the ENA between the City of Alameda (City) and Radium Presents (Developer) extends the term of the ENA to December 31, 2025, removes the formal milestone requirement to bring a Term Sheet to City Council for consideration and makes other administrative clarifications. All other terms and conditions in the ENA remain unchanged.
The First Amendment to the ENA is attached as Exhibit 2. The original ENA approved by City Council in December 2023 is included as Exhibit 1.
BACKGROUND
After seeking proposals for the development of a performing arts center through a Request for Qualifications, on December 19, 2023, City Council unanimously approved a 12-month ENA with Little Opera House, Inc. (now Radium Presents) for an approximately 2-acre site located on Pan Am Way between the new waterfront park and the NAS Alameda Museum at Alameda Point within the Waterfront and Town Center Precise Plan area, the Site A Development Plan area, and the NAS Alameda Historic District (Site) (included in Exhibit 1 as Exhibit A) to construct and operate a performing arts center (Project).
Per the original ENA, the 12-month term may be extended two (2) times for up to three (3) months each at the sole discretion of the City Manager, if progress is being made and additional time is needed to complete the negotiations. The ENA term has been extended by the ...
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