Title
Final Passage of Ordinance Approving a Second Amendment to a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Second Amendment to a Lease with Advanced Roofing Services, Inc. for Twenty-Four Months at 1450 Viking Street, Building 612, at Alameda Point. [Requires Four Affirmative Votes] (Community Development 819009)
Body
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING A SECOND AMENDMENT TO A LEASE AND AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENTS NECESSARY TO IMPLEMENT THE TERMS OF THE SECOND AMENDMENT TO A LEASE WITH ADVANCED ROOFING SERVICES, INC. FOR TWENTY-FOUR MONTHS AT 1450 VIKING STREET, BUILDING 612, AT ALAMEDA POINT
WHEREAS, Advanced Roofing Solution, Inc. (Advanced Roofing) has been a tenant in Building 612 at Alameda Point since 2013; and
WHEREAS, in May 2017 Advanced Roofing Solutions, Inc. entered into a First Amendment to the Lease set to expire May 31, 2019; and
WHEREAS, under this Second Amendment Advanced Roofing's lease for Building 612 will be extended for twenty-four months; and
WHEREAS, Advanced Roofing provides re-roofing, water-proofing, repair/maintenance and gutter service; and
WHEREAS, Building 612 consists of 4,000 square feet with land and parking area; and
WHEREAS, the monthly base rent under the Second Amendment will be $3,200.00 for year one, and $3,295.00 for year two; and
WHEREAS, the tenant will be required to provide an additional security deposit in the amount of $795.00 to equal to $3,295.00 and the lease contains the standard insurance, indemnity, assignment and termination clauses the ARRA required in its leases and compliant with the Lease in Furtherance of Conveyance (LIFOC) with the United States Navy.
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 his designee is her...
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