Title
Final Passage of Ordinance Authorizing the City Manager to Execute a Second Amendment to the Lease with Dreyfuss Capital Partners, a California Limited Liability Company to Extend the Term for Fifty-Nine (59) Months for Building 29, Located at 1701 Monarch Street, at Alameda Point. (Community Development 29061822)
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=5026090&GUID=A9E4BB50-B34F-4FB0-AA71-A249B1E16E1D&Options=&Search=&FullText=1
CITY OF ALAMEDA ORDINANCE NO.
New Series
AUTHORIZING THE CITY MANAGER TO EXECUTE A SECOND AMENDMENT TO THE LEASE WITH DREYFUSS CAPITAL PARTNERS, A CALIFORNIA LIMITED LIABILITY COMPANY, SUBSTANTIALLY IN THE FORM OF THE EXHIBIT 4, TO EXTEND THE TERM FOR FIFTY-NINE (59) MONTHS FOR BUILDING 29, LOCATED AT 1701 MONARCH STREET, AT ALAMEDA POINT
WHEREAS, Dreyfuss Capital Partners (DCP) has been a tenant at Alameda Point since 2009; and
WHEREAS, DCP leases a multi-tenant building subleased to skilled workers, craftspeople and artists using the work, office and shared spaces for their trades; and
WHEREAS, Building 29 consists of approximately 8,107 square feet of rentable space, approximately 6,000 square feet of which is subleased; and
WHEREAS, Building 29 is one of the last remaining multi-tenant shop/office spaces at Alameda Point and provides creative and living wage jobs for skilled artisans; and
WHEREAS, the monthly base rent during the extension term is $4,843.12 for months one to twelve, $4,988.41 for months thirteen to twenty-four, $5,138.06 for months twenty-five to thirty-six, $5,292.20 for months thirty-seven to forty-eight, and $5,450.97 for months forty-nine to fifty-nine.
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 ...
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