Title
Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease Agreement with Auctions By The Bay, Inc., a California Corporation, for a Sixty Four Month Lease for Building 525 Located at 2751 Todd 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 Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease Agreement with Auctions By The Bay, Inc., a California Corporation, for Building 525 Located at 2751 Todd Street at Alameda Point.
BACKGROUND
Auctions By the Bay is a well-known business that has been a tenant at Alameda Point since 2001. Now doing business as Michaan's Antique & Art Auction House (Michaan's Auctions), Michaan's Auctions is a leading, full service auction house on the West Coast specializing in the appraisal and sale of antiques and fine art. Some of their specialty departments include Asian Works of Art, Furniture and Decorative Arts, Modern & Contemporary European and American Paintings/Prints and Jewelry.
Michaan's Auctions holds up to thirty sales each year attracting a broad base of buyers and consignors worldwide. With one of the largest facilities in Northern California, Michaan's Auctions offers buyers the ability to preview and bid on many unique and desirable pieces. Some have garnered world record prices, including an A.D.M Cooper painting, The Three Graces, 1915, sold at auction for $21,060 in 2005, as well as an Eduard Gaertner, German City Street Scene, 1831, sold at auction for $266,000. Also noteworthy is a carving of Tang Ying that realized $2,235,000, recognized...
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