Title
Final Passage of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 5-Year Lease with Dreyfuss Capital Partners, a California Limited Liability Company, for Building 29 Located at 1701 Monarch Street at Alameda Point. [Requires four affirmative votes] (Base Reuse)
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 5-YEAR LEASE WITH DREYFUSS CAPITAL PARTNERS, A CALIFORNIA LIMITED LIABILITY COMPANY, FOR BUILDING 29 LOCATED AT 1701 MONARCH STREET AT ALAMEDA POINT
WHEREAS, Dreyfuss Capital Partners (DCP) has been a tenant at Alameda Point since 2009; and
WHEREAS, DCP is a multi-tenanted building filled with metal workers fabricating unique parts and repairs for existing tenants, kayak builders, and artists using the workspace for their craft; and
WHEREAS, there are ten existing subtenants with work and office spaces; and
WHEREAS, Building 29 consists of approximately 8,107 square feet of rentable space; and
WHEREAS, the sub-tenants space comprises approximately 6,000 sf of the premises; and
WHEREAS, the rent collected from the subtenant pays for rent and utilities for the building; and
WHEREAS, Building 29 is one of the last remaining multi-tenanted shop/office spaces at Alameda Point and provides creative and living wage jobs for metal workers; and
WHEREAS, the monthly base rent is $4,053.50 for months one to twelve, $4,175.11 for months thirteen to twenty-four, $4,300.36 for months twenty-five to thirty-six, $4,429.37 for months thirty-seven to forty-eight, and $4,562. 25 for months forty-nine to sixty.
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 Alame...
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