Title
Recommendation to Approve City Manager Jennifer Ott, Base Reuse and Economic Development Director Abigail Thorne-Lyman, Economic Development Division Manager Dwayne Dalman, Assistant City Attorney Len Aslanian and David Doezema, Keyser Marston, as Real Property Negotiators for 2317 Central Avenue, Alameda, CA (Alameda Theater & Cineplex). [City Council and SACIC] (Base Reuse and Economic Development 10061810)
Body
To: Honorable Mayor/Chair and Members of the City Council/Successor Agency to the Community Improvement Commission (SACIC)
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Staff is recommending that City Council/SACIC designate City Manager Jennifer Ott, Base Reuse and Economic Development Director Abigail Thorne-Lyman, Economic Development Division Manager Dwayne Dalman, Assistant City Attorney Len Aslanian and David Doezema, Keyser Marston, as the real property negotiators for the lease and loans for the Alameda Theater & Cineplex located at 2317 Central Avenue, Alameda, which will allow them to meet with City Council/SACIC in closed session to discuss price and terms of the lease and loans, and potential future real transactions related to the operation of the theater in a manner compliant with all applicable laws and to represent the City of Alameda (City)/SACIC in negotiations with a public or private party.
BACKGROUND
The Alameda Theatre is an Art Deco movie theatre built in 1932 and located at 2317 Central Avenue. A restoration and expansion project was completed in 2008, making the historic theater the primary anchor of an eight-screen multiplex. The operator of the theater secured a bank loan as well as two loans from the SACIC to complete the restoration and expansion, and currently leases a portion of the property from the City.
DISCUSSION
Under Government Code Section 54956.8, Title 5, Division 2, Part 1, Chapter 9, City Council/SACIC must identify, in an open and public session, the real property negotiators for ne...
Click here for full text