Title
Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease with Faction Brewing Company, LLC a California Limited Liability Company, for a Ten-Year Lease with Two Ten-Year Extension Options for Building 22, Bay 200 Located at 2501 Monarch 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: Elizabeth D. Warmerdam, Acting 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 with Faction Brewing Company, LLC a California Limited Liability Company, for a Ten-Year Lease with Two Ten-Year Extension Options for Building 22, Bay 200 Located at 2501 Monarch Street at Alameda Point
BACKGROUND
Faction Brewing Company LLC. (Faction) is a local brewery led by a team with extensive brewing experience throughout northern California. Faction has occupied Bay 200 of Building 22 since 2012. A 20-barrel brew house, Faction produced 6,500 barrels in 2016 and 4,500 in 2015; they offer a tasting room and both an indoor and outdoor seating area for patrons. Faction produces a variety of beers some of which include Pale Ale, IPA, Red, Pilsner, and Stout.
In August 2012, Faction entered into a lease agreement to occupy Bay 200 of Building 22 which is located along Spirits Alley at Alameda Point. Building 22 is shown on Exhibit 1 and is not in the way of redevelopment efforts at Alameda Point. This proposed lease intends to retain an existing tenant and will replace Faction's existing lease once approved.
DISCUSSION
Alameda Point's first local brewery, Faction currently occupies a portion of Building 22 located along Spirit'...
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