Title
Final Passage of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease with Bay Ship and Yacht Company for Sixty Months in Building 292 Located at 1450 Ferry Point at Alameda Point. (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 A LEASE WITH BAY SHIP AND YACHT COMPANY FOR SIXTY MONTHS IN BUILDING 292 LOCATED AT 1450 FERRY POINT AT ALAMEDA POINT
WHEREAS, Bay Ship and Yacht Company (Bay Ship) is a full service ship repair company headquartered along the estuary in Alameda and has captured a significant share of San Francisco Bay commercial dry-docking business, with the Alameda shipyard emerging as a state-of-the-art facility; and
WHEREAS, Bay Ship completed a $10 million expansion project, which included reconstructing the shoreline, removing buildings, and locating a "ship elevator," known as a syncrolift, facing the estuary that can be used to lift and transfer up to five large ferry vessels at a time to a new shoreline vessel repair area; and
WHEREAS, Bay Ship currently employs more than 250 skilled workers in Alameda; and
WHEREAS, Bay Ship is proposing to lease Building 292 for sixty months; and
WHEREAS, Building 292 is approximately two thousand seven hundred square feet located at 2480 Monarch Street; and
WHEREAS, the sole purpose for which the premises may be used by the tenant is for general office, shop and storage of parts and equipment; and
WHEREAS, the proposed monthly base rent is $1,815.00 for months one to twelve; $1,869.45 for months thirteen to twenty-four; $1,925.53 for months twenty-five to thirty-six; $1,983.30 for months thirty-seven to forty-eight; and $2,042.80 for months forty-nine to sixty; and
WHEREAS, in additio...
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