Title
Final Passage of Ordinance Approving a 33-Year Lease, with One 33-Year Option to Renew, and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease with the Carnegie Innovation Hall, a California 501(c)3 Non-profit Organization, for 2264 Santa Clara Avenue (the Carnegie Building) and 1429 Oak Street (Foster House). [Requires Four Affirmative Votes] (Community Development 001)
Body
Since changes were made to the lease when the ordinance was introduced, a revised lease agreement is attached as Exhibit 1. 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=4155248&GUID=A437B34E-750C-41C1-ACC6-D6A71EB76CD8&Options=&Search=&FullText=1
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING A 33-YEAR LEASE, WITH ONE 33-YEAR OPTION TO RENEW, AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE DOCUMENTS NECESSARY TO IMPLEMENT THE TERMS OF A LEASE WITH THE CARNEGIE INNOVATION HALL, A CALIFORNIA 501(C)3 NON-PROFIT ORGANIZATION, FOR 2264 SANTA CLARA AVENUE (THE CARNEGIE BUILDING) AND 1429 OAK STREET (FOSTER HOUSE)
WHEREAS, City of Alameda has determined that there is significant community benefit in rehabilitating and restoring the Carnegie Building and Foster House and causing them to be open to the public; and
WHEREAS, the premises have fallen into disrepair and will require that substantial capital improvements, estimated in 2018 to cost approximately $6,600,000, be performed to allow the Carnegie Building and Foster House to be open to the public. Through this lease, the City of Alameda desires to facilitate the rehabilitation and activation of the buildings; and
WHEREAS, the City Council approved a Request for Qualifications with the goal of finding a tenant that would provide cultural, educational and/or economic benefits to the community, restore an...
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