Title
Introduction of Ordinance Approving a First Amendment to a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a First Amendment to the Lease Agreement with Advanced Roofing Services, Inc. a California Corporation, for Building 612 Located at 1450 Viking Street at 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
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Introduction of Ordinance Approving a First Amendment to a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a First Amendment to the Lease Agreement with Advanced Roofing Services, Inc. a California Corporation, for Building 612 Located at 1450 Viking Street at Alameda Point
BACKGROUND
Advanced Roofing Services, Inc. (Advanced Roofing) provides re-roofing, water-proofing, repair/maintenance and gutter services. In 2014 Advanced Roofing moved into Building 612, which is located at Alameda Point and is shown on Exhibit 1. The term of the current Lease is set to expire on April 30, 2017 and this lease amendment is intended to retain an existing tenant. This First Amendment extends the term of the current Lease by twenty-four (24) months. While Building 612 is in the enterprise area, the 2-year term and building location should not be a hindrance for any future development opportunities.
DISCUSSION
The premise will be used as a warehouse and administrative office for roofing services and materials. The property consists of approximately 4,000 square feet of rentable space with adjacent parking in front. Exhibits 2, 3 and 4 illustrate the premises, land, and parking, respectively, as shown in the exhibits from the Original Lease.
Under this First Amendment the rent w...
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