Title
Introduction of Ordinance Authorizing the City Manager to Execute a Second Amendment to the Lease with Small Size Big Mind, Inc., a California Corporation, Substantially in the Form of Exhibit 4, to Extend the Term for One Year with One 12-Month Extension Option for Building 35, Located at 2450 Pan Am Way in the Main Street Neighborhood at Alameda Point. (Community Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
The requested action would authorize a second amendment to the lease with Small Size Big Mind, Inc. (SSBM) to extend the lease term for an additional one (1) year with one (1) 12-month extension option and set monthly rent during the extension term for Building 35, containing approximately 2,764 square feet of rentable space located at 2450 Pan Am Way (Premises) in the Main Street Neighborhood at Alameda Point.
BACKGROUND
SSBM is a year-round infant care and preschool serving children from eight (8) weeks to five (5) years old with two campuses. The first campus was established in 2006 and is located on the east end of Alameda. The second campus, which is temporarily located at 2450 Pan Am Way (Building 35), has been at Alameda Point since 2018.
Building 35, SSBM's interim West End expansion site, is located in the first development phase of the Main Street Neighborhood sub-district. In 2018, City Council authorized staff to issue an RFQ for the first phase of development, known as the West Midway Project. The West Midway Project is a 32.5-acre mixed-use development site that consists of a 9.7-acre affordable housing site (Rebuilding the Supportive Housing at Alameda Point or the RESHAP Site) and a 22.8-acre market rate site (Market Rate Site). Building 35 is located within the Market Rate Site, which is phase two of the West Midway Project.
Prior to moving into Building 35, SSBM had an extensive waiting list of over 80 families and expressed great interest in expanding into the west en...
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