File #: 2016-3395 (10 minutes)   
Type: Regular Agenda Item
Body: City Council
On agenda: 10/18/2016
Title: (A) Introduction of Ordinance Approving the Lease of Building 21, Located at 2601 Monarch Street at Alameda Point, with St. George Spirits, Inc., a California Corporation for: (1) A Ten-Year Term With One Five-Year Extension Option; (2) An Option to Purchase the Property for $8 Million (or $7.9 Million if a Restaurant is Constructed Within 2 Years of Lease Commencement); and (3) An Authorization for the City Manager to Execute Documents Necessary to Implement the Terms of the Lease. [Requires Four Affirmative Votes]; and (B) Recommendation to Consent to a Sublease Between St. George Spirits, Inc., a California Corporation, and Heads, Hearts, Tails, LLC, a California Limited Liability Company, for a Portion of the Leased Space. [In accordance with the California Environmental Quality Act (CEQA), this project is Categorically Exempt under the CEQA Guidelines Section 15301(c) - Existing Facilities.] (Base Reuse 819099)
Attachments: 1. Exhibit 1 - Leased Premises, 2. Exhibit 2 - Land Map, 3. Exhibit 3 - Parking Area, 4. Exhibit 4 - Storage Area, 5. Exhibit 5 - Lease, 6. Ordinance, 7. Ordinance - REVISED, 8. Presentation
Title

(A) Introduction of Ordinance Approving the Lease of Building 21, Located at 2601 Monarch Street at Alameda Point, with St. George Spirits, Inc., a California Corporation for: (1) A Ten-Year Term With One Five-Year Extension Option; (2) An Option to Purchase the Property for $8 Million (or $7.9 Million if a Restaurant is Constructed Within 2 Years of Lease Commencement); and (3) An Authorization for the City Manager to Execute Documents Necessary to Implement the Terms of the Lease. [Requires Four Affirmative Votes]; and

(B) Recommendation to Consent to a Sublease Between St. George Spirits, Inc., a California Corporation, and Heads, Hearts, Tails, LLC, a California Limited Liability Company, for a Portion of the Leased Space. [In accordance with the California Environmental Quality Act (CEQA), this project is Categorically Exempt under the CEQA Guidelines Section 15301(c) - Existing Facilities.] (Base Reuse 819099)
Body

To: Honorable Mayor and Members of the City Council

From: Jill Keimach, City Manager

Re: (A) Introduction of Ordinance Approving the Lease of Building 21, Located at 2601 Monarch Street at Alameda Point, with St. George Spirits, Inc., a California Corporation for: (1) A Ten-Year Term With One Five-Year Extension Option; (2) An Option to Purchase the Property for $8 Million (or $7.9 Million if a Restaurant is Constructed Within 2 Years of Lease Commencement); and (3) An Authorization for the City Manager to Execute Documents Necessary to Implement the Terms of the Lease. [Requires Four Affirmative Votes]; and

(B) Recommendation to Consent to a Sublease Between St. George Spirits, Inc., a California Corporation, and Heads, Hearts, Tails, LLC, a California Limited Liability Company, for a Portion of the Leased Space

BACKGROUND

St. George Spirits, Inc. (St. George) is a craft distillery company, which was founded in 1982 and has occupied Building 21 since 2004.

St. George entered the original lease agreement for Building 21 o...

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