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Introduction of Ordinance Authorizing the City Manager to Execute Lease Amendments for Rent Relief Program with Alameda Point Beverage Group, Auctions By the Bay, Building 43 & Associates, Faction Brewing, Group Delphi, Proximo Spirits, Saildrone and USS Hornet Air & Space Museum via the Non-Profit Spirits Alley Program for Rent Relief in Response to the Covid-19 Pandemic. (Community Development 858)
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To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
At its October 6, 2020 meeting, the City Council approved a new rent relief program for non-profits and Spirits Alley tenants at Alameda Point. The program allows for tenants to defer up to nine (9) months of rent and begin repaying the deferred rent over a three year repayment period beginning fiscal year 2020-21. Tenants that pay a minimum of three (3) months of deferred rent per year during the repayment period will accrue a maximum rent credit of up to three (3) months of rent depending on the pace of such repayment.
BACKGROUND
The Covid-19 pandemic continues to impact communities around the world, including Alameda. On March 17, 2020, the City Council adopted an urgency measure, consistent with Section 3-12 of the City Charter. The March 17 ordinance authorized certain actions until April 7, which was extended on April 21 until the State's declaration of emergency is rescinded, unless City Council elects to shorten such time period. The City Council discussed a rent deferral and abatement policy at its April 21, 2020 meeting and asked staff to come back with more information and recommendations on a potential rent abatement program.
The City Council has been very active in adopting programs and policies to bring relief to its tenants, both residential and commercial. On March 17, 2020, at the onset of the Shelter in Place Order (SIP), the City Manager introduced a 60-day rent deferral program. After the SIP Order was extended, the Council approved an additional 30-day def...
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