Title
Final Passage of Ordinance Authorizing the City Manager to Execute a Fourth Lease Amendment with Auctions by the Bay, Inc., for Building 20, Located at 2701 Monarch Street at Alameda Point for an Eleven-Month Extension to the Rent Relief Program Deferred Rent Repayment Schedule. [Requires 4 affirmative votes]
In accordance with California Environmental Quality Act (CEQA), this action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities). (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=7291354&GUID=5B7E6946-3491-44D1-B29C-309CA3ED0329&Options=&Search=&FullText=1
This ordinance was not revised when it was introduced.
Full text of the ordinance:
CITY OF ALAMEDA ORDINANCE NO. _____
AUTHORIZING THE CITY MANAGER TO EXECUTE A FOURTH LEASE AMENDMENT WITH AUCTIONS BY THE BAY, INC., FOR BUILDING 20, LOCATED AT 2701 MONARCH STREET AT ALAMEDA POINT FOR AN ELEVEN-MONTH EXTENSION TO THE RENT RELIEF PROGRAM DEFFERED RENT REPAYMENT SCHEDULE
WHEREAS, Auctions By the Bay, doing business as Michaan's Auctions, has become a regional public draw, creating synergy between the monthly Antiques Fair, Building 20 Auctions, and other public attractions located along Monarch Street; and
WHEREAS, Building 20 is located at 2701 Monarch Street, consisting of approximately sixty three thousand nine hundred seventy two (63,972) rentable square feet; and
WHEREAS, the City entered into the original agreement with Auctions By the Bay for Building 20 in May 2012 ("Lease"); and
WHEREAS, the long-term reuse of this hangar for this lease is consistent with the term of other leases along this row of hangars and is consistent with the long-term development plans for Alameda Point; and
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