Title
Recommendation to Approve Jennifer Ott, City Manager, Abigail Thorne-Lyman, Base Reuse and Economic Development Director, Annie Cox, Management Analyst, and Len Aslanian, Assistant City Attorney as Real Property Negotiators for Building 20, Located at 2701 Monarch Street, Alameda California (Auctions By the Bay). (Base Reuse and Economic Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Staff is recommending that City Council designate City Manager Jennifer Ott, Base Reuse and Economic Development Director Abigail Thorne-Lyman, Management Analyst Annie Cox, and Assistant City Attorney Len Aslanian as the real property negotiators for Building 20, located at 2701 Monarch Street, Alameda, which will allow them to meet with City Council in closed session to discuss price and terms related to a lease of the premises in a manner compliant with all applicable laws and to represent the City of Alameda (City) in negotiations with a public or private party.
BACKGROUND
Auctions by the Bay (Auctions) is a full service West Coast auction house specializing in the appraisal and sale of antiques and fine art. It has been a tenant at Alameda Point since 2001. Auctions began occupying Building 20 in 2010 under a license agreement and entered into a lease for Building 20 in 2012. The lease has been amended three times. In 2013, the First Amendment clarified the renewal terms of the lease. The March 2022 Second Amendment implemented the City's Covid-19 rent deferral program. Auctions exercised the lease's renewal option, and with the December 2022 Third Amendment, the lease term was extended through the end of 2032.
DISCUSSION
Under Government Code Section 54956.8, Title 5, Division 2, Part 1, Chapter 9, City Council must identify, in an open and public session, the real property negotiators for negotiation of the price and terms concerning real property, such as the Premises. Staff is rec...
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