Title
Recommendation to Approve Interim City Manager Adam Politzer, Base Reuse and Economic Development Director Abigail Thorne-Lyman, Administrative Management Analyst Annie Cox, Assistant City Attorney Len Aslanian, Cushman and Wakefield Senior Director Andrew Schmieder, as Real Property Negotiators for Building 525, Located at 2751 Todd Street, Alameda, CA. [City Council] (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 Interim City Manager, Adam Politzer, Base Reuse and Economic Development Director Abigail Thorne-Lyman, Administrative Management Analyst Annie Cox, Assistant City Attorney Len Aslanian, Cushman and Wakefield Senior Director Andrew Schmieder, as the real property negotiators for Building 525, located at 2751 Todd Street, Alameda (Premises), which will allow them to meet with City Council in closed session to discuss price and terms of a lease for 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
The Premises is located at 2751 Todd Street, Alameda Point and consists of approximately 23,208 square feet of rentable space. The Premises is located in Alameda Point's Adaptive Reuse Area near the "civic core". Although not a historically contributing structure, the former recreational bowling alley provides wide span open indoor space, allowing for a variety of reuse opportunities.
The Base Reuse and Economic Development (BRED) department has been actively marketing the property through our commercial brokers at Cushman and Wakefield for a number of months and received two (2) Letters of Intent (LOI)s from the following two entities: Pacific Pinball Museum, a California Nonprofit Organization, and Swings and Wings, LLC.
DISCUSSION
Under Government Code section 54956.8, T...
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