Title
Final Passage of Ordinance Approving a Purchase and Sale Agreement of Building 40, Located at 800 West Tower Avenue at Alameda Point, with Bladium, Inc, a California Corporation. [Requires four affirmative votes] (Base Reuse 819099)
Body
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING A PURCHASE AND SALE AGREEMENT OF BUILDING 40, LOCATED AT 800 WEST TOWER AVENUE AT ALAMEDA POINT, WITH BLADIUM, INC, A CALIFORNIA CORPORATION.
WHEREAS, Bladium, Inc. ("Bladium") entered into a lease agreement to occupy Building 40 on February 1, 2000 with the City of Alameda (the "Bladium Lease"); and
WHEREAS, Bladium is a sports and fitness club operating out Building 40 which consists of approximately 104,000 square feet of rentable space; and
WHEREAS, the Bladium lease, which included an exclusive use clause, will expire on June 30, 2035; and
WHEREAS, The City officially gained title to the property on July 10, 2017 and Bladium subsequently exercised its purchase option for Building 40 for a total purchase price of $7,900,000; and
WHEREAS, after purchasing the property, Bladium will continue to operate it as a sports and recreational facility, but has requested a reduced exclusive use covenant; and
WHEREAS, after purchasing the property Bladium must comply the Master Infrastructure Plan (MIP) which was adopted on March 31, 2014; and
WHEREAS, the Transportation Demand Management Plan (TDM) was adopted on May 20, 2014 and Bladium, Inc will be required to comply with TDM Plan as required by the Mitigation Monitoring and Reporting Program (MMRP) from the Alameda Point EIR, and the Alameda Point Zoning District in Section 30-4.24; and
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda that by four affirmative votes that:
Section 1. The City Manager of the City of Alameda or her designee is hereby authorized to negotiate, execute, for...
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