Title
Final Passage of Ordinance Authorizing the City Manager to Execute a Second Lease Amendment with Faction Brewing Company LLC for Building 22, Suite 200, Located at 2501 Monarch Street at Alameda Point, for a Three-Month Rent Deferral and Subsequent Twelve-Month Deferred Rent Repayment Schedule. [Requires 4 affirmative votes]
In accordance with California Environmental Quality Act (CEQA), this action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities). (Base Reuse and Economic 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=6567735&GUID=CEA2EDEA-95E6-40FB-9066-7CE6DE7F851D&Options=&Search=&FullText=1
This ordinance was not revised when it was introduced.
Full text of the ordinance:
CITY OF ALAMEDA ORDINANCE NO. _____
AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE AMENDMMENT WITH FACTION BREWING COMPANY LLC FOR BUILDING 22, SUITE 200, LOCATED AT 2501 MONARCH STREET AT ALAMEDA POINT, ALAMEDA, FOR A 3-MONTH RENT DEFERRAL AND 12-MONTH RENT REPAYMENT SCHEDULE
WHEREAS, Faction Brewing Company, LLC is a brewery led by a team with extensive brewing experience throughout northern California and produces a variety of beers which include Pale Ale, IPA, Red, Pilsner, and Stout; and
WHEREAS, Faction Brewing Company, LLC entered into a lease agreement with the City of Alameda to occupy Suite 200 of Building 22 in 2012 and has been open to the public since early 2013; and
WHEREAS, Building 22, Suite 200 consists of approximately 32,500 square feet of rentable square feet; and
WHEREAS, Faction Brewing Company, LLC has experienced unusual economic hardships due to the 2023 atmospheric river and changes in visitorship to Alameda Point; and
WHEREAS, in 2018, the City Council adopted the Economic Deve...
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