Title
Final Passage of Ordinance Authorizing the City Manager or His Designee to Execute a 66-Month Lease with One Option to Extend the Term 60 Months with Park Street Wine Cellars, Inc. for the Premises 2315 Central Avenue, Suite 122 (Historic Alameda Theatre Building). [Requires Four Affirmative Votes] (Commercial Revitalization 277)
Body
The staff report for this ordinance was included when the ordinance was introduced and is available at the following link:
https://alameda.legistar.com/LegislationDetail.aspx?ID=4142831&GUID=D994C9BE-7C1D-414E-BE3D-0644C3358250&Options=&Search=&FullText=1
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
AUTHORIZING THE CITY MANAGER TO EXECUTE A 66-MONTH LEASE WITH ONE OPTION TO EXTEND THE TERM FOR FIVE YEARS WITH PARK STREET WINE CELLARS, INC. FOR 2315 CENTRAL AVENUE, SUITE 122 (HISTORIC ALAMEDA THEATRE BUILDING)
WHEREAS, Park Street Wine Cellars, Inc., is a wine retailer; and
WHEREAS, 2315 Central Avenue, Suite 122 consists of approximately 700 square feet of rentable square feet; and
WHEREAS, the Premises will be used for a retail wine shop; and
WHEREAS, the base rent is $0.00 for months 1-6, $2,765.00 for months 7-18, $2,847.95 for months 19-30, $2,933.39 for months 31-42, $3,021.39 for months 43-54, and $3,112.03 for months 55-66, with months 1-6 subject to abatement pursuant to Section 4.1(b) of the Lease; and
WHEREAS, the proposed lease contains one option to extend the Lease for five years; and
WHEREAS, Park Street Wine Cellars, Inc. will be required to provide a security deposit in the amount of $3,112.03.
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 hereby authorized to negotiate, execute, for and on behalf of the City of Alameda, a lease with Park Street Wine Cellars, Inc., a California corporation, for 2315 Central Avenue, Su...
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