Title
Final Passage of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 3 Year Lease with No Extension Options with Williams-Sonoma, Inc. a Delaware Corporation, for Building 169, Suite 102 Located at 1680 Viking Street, Alameda Point. [In accordance with the California Environmental Quality Act (CEQA), this project is Categorically Exempt under the CEQA Guidelines Section 15301(c) - Existing Facilities.] [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 DOCUMENT NECESSARY TO IMPLEMENT THE TERMS OF A 3 YEAR LEASE WITH NO EXTENSION OPTIONS WITH WILLIAMS-SONOMA, INC, A DELAWARE CORPORATION, FOR BUILDING 169, SUITE 102 LOCATED AT 1680 VIKING STREET AT ALAMEDA POINT.
WHEREAS, Williams-Sonoma, Inc. is a specialty retailer offering high quality home products and operates a portfolio of brands including Williams-Sonoma, Williams-Sonoma Home, Pottery Barn, Pottery Barn Kids, PBTeen, West Elm, Mark and Graham, and Rejuvenation; and
WHEREAS, Williams-Sonoma, Inc. entered into a license agreement for Building 169, Suite 102 on May 12, 2016 with the City of Alameda; and
WHEREAS, Williams-Sonoma, Inc. is currently in their first amendment to that original license agreement which will expire April 30, 2017; and
WHEREAS, this lease agreement with Williams-Sonoma, Inc. will replace the original license agreement; and
WHEREAS, Building 169 consists of approximately 43,555 square feet of rentable square feet; and
WHEREAS, Williams-Sonoma, Inc. will occupy Building 169, Suite 102 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 sale of products, at full price and/or discount, from all Williams-Sonoma operated retailers; and
WHERE...
Click here for full text