Title
Introduction of Ordinance Authorizing the City Manager to Execute Lease Amendments for Rent Relief Program with Pacific Pinball Museum and Wonky Kitchen via the Non-Profit Spirits Alley Program for Rent Relief in Response to the Covid-19 Pandemic. (Community Development 858)
Body
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 and allocated $400,000 for the program. 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. City Council approved eight tenants to participate in the Non-profit Spirits Alley Program on December 1, 2020. Staff now recommends that City Council approve two (2) additional tenants for inclusion in the program.
BACKGROUND
The Covid-19 pandemic continues to impact communities around the world, including Alameda. 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.
DISCUSSION
Staff has become aware of the continued strain the pandemic has had on Spirits Alley and Alameda Point non-profits, which are mostly museums. Because there is prohibition on large indoor gatherings, the decks, picnic tables and outdoor areas of Spirits Alley have been utilized to the maximum extent possible, but these efforts still do not recapture all lost revenue and allow the business to meet their overhead costs.
At its October 6, 2020 meeting the City Council approved a new rent relief program for Spirits Alley and n...
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