Title
Introduction of Ordinance Authorizing the Interim City Manager to Execute a New 36-Month Lease, with Two Three-Year Renewal Options with Rhoads Property Holdings, LLC, a California Limited Liability Company, DBA CSI Mini-Storage, for Buildings 338, 608, and 608A-C Totaling Approximately 70,989 of Rentable Square Feet, Plus Associated Land and Parking, Located at 50 and 51 West Hornet Avenue in Alameda Point.
This action is categorically exempt from further environmental review pursuant to CEQA Guidelines Sections 15301 (Existing Facilities) and 15061(b)(3) (Common Sense). (Base Reuse and Economic Development 29061822, 29161822)
Body
To: Honorable Mayor and Members of the City Council
From: Adam Politzer, Interim City Manager
EXECUTIVE SUMMARY
CSI Mini-Storage provides containerized self-storage and warehouse rentals at Buildings 338, 608, and 608A-C, and associated Land and Parking (Leased Premises) located at 50 and 51 West Hornet Avenue in Alameda Point and have occupied the current Leased Premises in the Enterprise District since 2005. Storage uses are not a desired long-term use of the premises, but will continue to generate lease revenue, and the short-term nature of the new lease will not interfere with the City of Alameda's (City) plans for future redevelopment of the Enterprise District with more job-intensive uses or any Enterprise Park improvements.
Staff recommends that City Council authorize the City Manager to execute the new lease with an initial term of three (3) years and two additional 3-year options to renew. The Lease includes language that provides the City with a unilateral right to terminate lease after the initial 12-months, to allow flexibility if a redevelopment proposal moves forward.
BACKGROUND
Rhoads Property Holdings, LLC, a California Limited Liability Company, doing business as CSI Mini-Storage (CSI) provides containerized self-storage and warehouse rentals and has operated at the current location since 2005. The le...
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