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Final Passage of Ordinance Amending Ordinance 3850 Approving and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of an Amended and Restated Lease with Bay Ship and Yacht Corporation to Clarify the Parties Obligations, Modify the Leased Premises and Adjust Rent Payments for the Tideland Property Located at 2900 Main #2100 and Surrounding Area. (Community Development 216)
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CITY OF ALAMEDA ORDINANCE NO. ______
New Series
AMENDING ORDINANCE 3850 APPROVING AND AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENTS NECESSARY TO IMPLEMENT THE TERMS OF AN AMENDED AND RESTATED LEASE WITH BAY SHIP AND YACHT CORPORATION TO CLARIFY THE PARTIES OBLIGATIONS, MODIFY THE LEASED PREMISES AND ADJUST RENT PAYMENTS FOR THE TIDELAND PROPERTY LOCATED AT 2900 MAIN #2100 AND SURROUNDING AREA
WHEREAS, In 1984, the City of Alameda and Alameda Gateway, Ltd. (AGL) entered into the Tidelands lease as AGL owned property immediately adjacent to the Tidelands parcel and in November 1993, AGL entered into a series of lease agreement with Bay Ship & Yacht Co. (BSY) on its property and subleased portions of the Tidelands parcel; and
WHEREAS, In February 2000, the City and BSY entered into a Nondisturbance and Attornment Agreement under which the City agreed of the Tidelands Lease was terminated with AGL, the City would not disturb BSY's lease and it would assume the role of landlord for the Tidelands parcel; and
WHEREAS, In 2009, the lease between the City and AGL expired and the City declined to renew the term on the ground of AGL's nonperformance of certain obligations, which was upheld in subsequent litigation and in April 2009, the City commenced a direct landlord-tenant relationship with BSY; and
WHEREAS, in 2012, under City of Alameda Ordinance No. 3058, the City approved a 66 year lease with BSY which included land and portions of the Sawtooth Building
WHEREAS, in 2014, through an affiliate company, Alameda Commer...
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