File #: 2015-2188   
Type: Consent Calendar Item
Body: City Council
On agenda: 11/3/2015
Title: Final Passage of Ordinance Approving a Lease and an Option to Purchase and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 10-Year Lease and Option to Purchase with 707 West Tower Avenue, LLC., a California Limited Liability Company, for Building 9 Located at 707 West Tower Avenue at Alameda Point. [Requires four affirmative votes] (Base Reuse 819099)
Title

Final Passage of Ordinance Approving a Lease and an Option to Purchase and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 10-Year Lease and Option to Purchase with 707 West Tower Avenue, LLC., a California Limited Liability Company, for Building 9 Located at 707 West Tower Avenue at Alameda Point. [Requires four affirmative votes] (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 10 YEAR LEASE WITH 707 WEST TOWER AVENUE, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, FOR BUILDING 9 LOCATED AT 707 WEST TOWER AVENUE AT ALAMEDA POINT

WHEREAS, 707 West Tower Avenue, LLC was formed to create a space for food and beverage makers to come together in a shared large scale food manufacturing facility; and

WHEREAS, Building 9 will be multi-tenanted, targeting artisan beverage and food incubators and producers; and

WHEREAS, local entrepreneurs and small companies will share resources and collaboratively grow their retail and wholesale businesses; and

WHEREAS, the multi-tenanted premises will be used for light manufacturing, including food and beverage production, warehouse and distribution, training, and retail sales on-site; and

WHEREAS, Staff believes 707 West Tower Avenue, LLC will bring the much needed food services to Alameda Point and will be an amenity to existing and future tenants; and

WHEREAS, Building 9 consists of approximately 80,907 square feet of rentable space on Land consisting of approximately 4.4 acres; and

WHEREAS, Building 9 has an option to purchase pending the completion of a subdivision parcel map to be presented to the Planning Board and City Council in 2016.

NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda that by four affirmative votes that:

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