Title
Final Passage of Ordinance Approving a Lease Option for Three Years with Three One-Year Extensions in Furtherance of a Sixty-Six Year Ground Lease with Purchase Option with Radium Presents for Approximately 1.87 Acres of Land Located at Alameda Point, and Authorizing the City Manager to Execute a Purchase and Sale Agreement Consistent with the Purchase Option. [Requires four affirmative votes]
The Project is subject to the streamlining provision of Public Resources Code Sections 21166 and 21083.3 and Sections 15162 and 15183 of the California Environmental Quality Act Guidelines. Accordingly, a CEQA Checklist has been prepared, and no further environmental review is required. (Base Reuse and Economic Development 29061822)
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=7977228&GUID=3D50F487-A822-4CEE-B0B8-B74E80D742C4&Options=&Search=&FullText=1
This ordinance was not revised when it was introduced.
Full text of the ordinance:
CITY OF ALAMEDA ORDINANCE NO. _____
APPROVING A LEASE OPTION FOR THREE YEARS WITH THREE ONE-YEAR EXTENSIONS IN FURTHERANCE OF A SIXTY-SIX YEAR GROUND LEASE WITH PURCHASE OPTION WITH RADIUM PRESENTS FOR APPROXIMATELY 1.87 ACRES OF LAND LOCATED AT ALAMEDA POINT, AND AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT CONSISTENT WITH THE PURCHASE OPTION
WHEREAS, the City of Alameda owns approximately 1.87 acres of real property on Pan Am Way between the Seaplane Waterfront Park and Building 77 at Alameda Point; and
WHEREAS, The Radium Performing Arts Center (Project) is a plan to construct a 53,000 square foot, state-of-the-art Performing Arts Center on the former taxiway between Building 77 and the Seaplane Lagoon Promenade Park (referred to as Blocks 12 and 13 in the Site A Development Plan) at Alameda Point; and
WHEREAS, the 68-acre Site A Development ...
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