Title
Final Passage of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of Lease with Wonky Kitchen LLC for Ten Years in Building 44 Located at 2400 Monarch Street 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 LEASE WITH WONKY KITCHEN LLC FOR TEN YEARS IN BUILDING 44 LOCATED AT 2400 MONARCH AT ALAMEDA POINT
WHEREAS, the City entered into the original lease agreement with Wonky and Wonky Kitchen LLC for Building 119 in August 2012 and the initial term of the lease was for one year; and
WHEREAS, the proposed lease is for a new building, Building 44 located at 2400 Monarch Street; and
WHEREAS, the new lease will expire ten years after the Commencement date; and
WHEREAS, Building 44 is approximately 5,073 square feet; and
WHEREAS, the tenant will make improvements to the building to accommodate its commercial kitchen use and receive a capital credit not to exceed $27,384; and
WHEREAS, the rent under the proposed lease amendment will be slightly increased from two thousand two hundred eight two ($2,282) monthly or $27,384 annually to three thousand one hundred twenty three dollars and seven cents ($3,123.07) monthly or $37,476.84 annually; and
WHEREAS, the sole use for which the premises may be used by the tenant is for commercial kitchen use for food production and packaging. Additionally, the tenant will provide location for food trucks who use the commercial; and
WHEREAS, in addition to the base rent, the tenant has provided a $3,123.07 security deposit, representing one month's rent under the previous agreement and the tenant will comply with all other leasing requirements including providing insurance that is satisfactory to the City.
NOW THE...
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