Title
Final Passage of Ordinance Authorizing the City Manager to Execute a Second Amendment to the Lease with Park Street Wine Cellars, Inc. for Approximately 700 Square Feet of Retail Space in the Historic Alameda Theatre Located at 2315 Central Avenue, Suite 122, to Modify Lease Term and Accelerated Rent Deferral Repayment Schedule.
In accordance with the California Environmental Quality Act (CEQA), this action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities). (Base Reuse and Economic Development 24061810)
Body
The staff report for this ordinance was included when the ordinance was introduced and is available at the following link:
https://alameda.legistar.com/LegislationDetail.aspx?ID=6374127&GUID=2157DF1A-C737-4AEF-9D79-958BD3ABB046&Options=&Search=&FullText=1
This ordinance was not revised when it was introduced.
Full text of the Ordinance:
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
AUTHORIZING THE CITY MANAGER TO EXECUTE A SECOND AMENDMENT TO THE LEASE WITH PARK STREET WINE CELLARS, INC. FOR APPROXIMATELY 700 SQUARE FEET OF RETAIL SPACE IN THE HISTORIC ALAMEDA THEATRE LOCATED AT 2315 CENTRAL AVENUE, SUITE 122, ALAMEDA, TO MODIFY LEASE TERM AND ACCELERATE RENT DEFERRAL REPAYMENT SCHEDULE
WHEREAS, Park Street Wine Cellars, Inc. (Park Street Wine) operates a retail wine shop in the Alameda Theatre complex located at 2315 Central Avenue, Suite 122, Alameda consisting of approximately 700 rentable square feet; and
WHEREAS, on October 16, 2019, the City Council approved a 66-month lease with Park Street Wine that included a termination date of March 31, 2025, plus a 5-year extension option (Lease); and
WHEREAS, on April 5, 2022, the City Council approved a First Amendment to the Lease that provided a 6-month rent deferral to Park Street Wine with a 3-year repayment period, commencing July 1, 2022 and ending June 30, 2025, with an opportunity to earn up to t...
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