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 an Option to Purchase with 651 West Tower Avenue, LLC., a California Limited Liability Company, for Building 91 Located at 651 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 651 WEST TOWER AVENUE, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, FOR BUILDING 91 LOCATED AT 651 WEST TOWER AVENUE AT ALAMEDA POINT
WHEREAS, 651 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 91 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 651 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 91 consists of approximately 40,800 square feet of rentable space on Land consisting of approximately 2.2 acres; and
WHEREAS, Building 91 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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