Title
Final Passage of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 10 Year Lease with One Five-Year Option to Renew and an Option to Purchase with St. George Spirits, Inc., a California Corporation, for Building 21 Located at 2601 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 A 10 YEAR LEASE WITH ONE FIVE-YEAR OPTION TO RENEW AND AN OPTION TO PURCHASE WITH ST. GEORGE SPIRITS, INC., A CALIFORNIA CORPORATION, FOR BUILDING 21 LOCATED AT 2601 MONARCH STREET AT ALAMEDA POINT
WHEREAS, St. George Spirits, Inc. is an artisanal distillery company and currently occupies Building 21 located at Alameda Point; and
WHEREAS, St. George Spirits, Inc. entered into the original lease agreement for Building 21 in 2004 with the City of Alameda; and
WHEREAS, St. George Spirits, Inc. is currently in their second amendment to that original lease agreement; and
WHEREAS, the new lease agreement with St. George Spirits, Inc. will replace the original lease agreement; and
WHEREAS, Building 21 consists of approximately 65,000 square feet of rentable square feet; and
WHEREAS, St. George Spirits, Inc. will occupy Building 21 and have the right, on an exclusive basis, to have its employees and visitors park in the adjacent paved areas; and
WHEREAS, the Premises will be used for the production, storage and distribution of alcoholic beverages and complementary products, retail sales of spirits and related merchandise and complementary products, special events and related activities, and a restaurant and offices; and
WHEREAS, the monthly base rent over the ten years of the lease is $35,100 for year one, $36,153 for year two, $37,237.59 for year three, $38,354.72 f...
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