Title
Final Passage of Ordinance Approving and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Lease with Complete Coach Works, a California Corporation, for a Lease for Two Years and Nine Months in a Portion of Building 24 Located at 2301 Monarch Street 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 COMPLETE COACH WORKS, A CALIFORNIA CORPORATION, FOR TWO YEARS AND NINE MONTHS IN A PORTION OF BUILDING 24 LOCATED AT 2301 MONARCH STREET AT ALAMEDA POINT
WHEREAS, Complete Coach Works is a manufacturing and repair company that specializes in the rehabilitation and retrofitting of bus and locomotive fleets; and
WHEREAS, the facility is also used for industrial vehicle sales and leasing, painting, finishing and storage; and
WHEREAS, Complete Coach Works will occupy a 14,997-square-foot portion of Building 24, referred to as Bay 1, that was previously used by the Navy as a jet painting facility, and an adjacent parking area; and
WHEREAS, the proposed lease is for two years and nine months; and
WHEREAS, the proposed rent rate is $10,794 per month for year one, $11,118 per month for year two, and $11,451 per month for the remaining nine months of the term; and
WHEREAS, Complete Coach Works employs 15 people at the premise; and
WHEREAS, Complete Coach Works will be required to increase the amount it holds as a security deposit equal to one month's rent in addition to the monthly rent.
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda that by four affirmative votes that:
Section 1. The City Manager of the City of Alameda or his designee is hereby authorized to negotiate, execute, for and on behalf of the City of Alameda, a lease with Complete Coac...
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