Title
Final Passage of Ordinance Approving Two Leases and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of Leases with National Response Corporation, Environmental Services (NRC) for Building 15 Located at 1605 Ferry Point and Building 616 Located at 1750 Orion Street at Alameda Point for Five and Two Years, Respectively. [Requires four affirmative votes] (Base Reuse 819099)
Body
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING TWO LEASES AND AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENTS NECESSARY TO IMPLEMENT THE TERMS OF LEASES WITH NATIONAL RESPONSE CORPORATION, ENVIRONMENTAL SERVICES FOR BUILDING 15 LOCATED AT 1605 FERRY POINT AND BUILDING 616 LOCATED AT 1750 ORION STREET FOR FIVE AND TWO YEARS RESPECTIVELY
WHEREAS, the City entered into a port management agreement with National Response Corporation, Environmental Services (NRC) in 2008; and
WHEREAS, the port management agreement gave NRC the right to certain equipment and real estate assets as part of its contract, including Buildings 15 and 616; and
WHEREAS, the proposed leases are for Building 15 and 16 located at 1605 Ferry Point and 1750 Orion Street respectively; and
WHEREAS, the new lease for Building 15 will expire five years after the Commencement date; and
WHEREAS, the new lease for Building 616 will expire two years after the Commencement date; and
WHEREAS, Building 15 is approximately 16,603 square feet and Building 616 is approximately 1,800 square feet; and
WHEREAS, the rent for Building 15 under the proposed lease will be slightly increased from sixteen thousand six hundred three ($16,603) monthly or $199,236 annually to eighteen thousand six hundred eighty seven dollars ($18,687) monthly or $224,244 annually; and
WHEREAS, the rent for the two years of Building 616 at 1750 Orion Street will be slightly increased from eleven thousand three hundred twenty five ($11,325) or $135,900...
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