Title
Final Passage of Ordinance Approving the First Amendment to the Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Lease with Complete Coach Works for Twelve Months in a Portion of Building 24 at Alameda Point, 2301 Monarch Street. (Base Reuse 819099)
Body
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING A LEASE AND AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENTS NECESSARY TO IMPLEMENT THE TERMS OF THE LEASE WITH COMPLETE COACH WORKS FOR TWELVE MONTHS IN A PORTION OF BUILDING 24 AT ALAMEDA POINT, 2301 MONARCH STREET
WHEREAS, American Bus Repair, LLC dba Coach Specialties (ABR) has been a tenant in Building 24 at Alameda Point since August 1997; and
WHEREAS, in May 2000, the City approved an assignment of the lease to ABR and ABR has since sold the business to Complete Coach Works; and
WHEREAS, Complete Coach Works uses the facility for painting all types of vehicles including the repainting of the historic A-4 displayed at Alameda Point, original London double decker buses and industrial vehicles; and
WHEREAS, Building 24 is a large hangar with three bays; and
WHEREAS, Complete Coach Works occupies Bay 3 which is approximately 14,997 square feet in the building with an adjacent parking area; and
WHEREAS, the previous rent paid by ABR was $6,625 monthly. The proposed 12-month lease with Complete Coach Works for Bay 3 of Building 24 requires payment of $10,480 monthly. The tenant will also be required to increase the amount it holds as a security deposit equal to one month rent and the lease contains the standard insurance, indemnity, assignment and termination clauses the City of Alameda requires in its leases and compliant with the Lease in Furtherance of Conveyance (LIFOC) with the United States Navy.
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda that by four affirmative votes that:
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