Title
Final Passage of Ordinance Approving a First Amendment to a Lease and Authorizing the City Manager to Execute the Amended Lease Agreement with Kai Concepts, LLC, for Building 168, Suite 300, Located at 1651 Viking Street at Alameda Point. [In accordance with the California Environmental Quality Act (CEQA), this project is Categorically Exempt under CEQA Guidelines Section 15301 (c) - Existing Facilities.] [Requires four affirmative votes] (Community Development 819099)
Body
CITY OF ALAMEDA ORDINANCE NO.
New Series
APPROVING A FIRST AMENDMENT TO A LEASE AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE FIRST AMENDED LEASE AGREEMENT WITH KAI CONCEPTS, LLC FOR BUILDING 168, SUITE 300, LOCATED AT 1651 VIKING STREET AT ALAMEDA POINT
WHEREAS, Kai Concepts, LLC (Kai) is the home of the Kiteboat Project where a team of marine architects, sailors, and software developers are building and testing kites for large-scale propulsion in waterborne transportation; and
WHEREAS, Kai has been a tenant in a portion of Building 168 at 1651 Viking Street, Suite 300, at Alameda Point since May 2013 and occupies approximately 28,636 square feet of interior space, and approximately 17,270 square feet of land; and
WHEREAS, Kai occupies a portion of Building 168 pursuant to a Lease which expires on July 31, 2019; and
WHEREAS, this First Amendment extends the Lease for thirty-six months; and
WHEREAS, the monthly Base Rent under the First Amendment is $16,609.00 during the first year, $17,181.60 during the second year, and $17,754.32 during the third year; and
WHEREAS, Alameda City Charter Section 3-10 requires an affirmative vote of four (4) members of the City Council to approve a lease for a term over one year.
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda that by four (4) affirmative votes that:
Section 1. The First Amendment to Kai's Lease is hereby ...
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