pages: CityCouncil/2012-05-01.pdf, 4
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CityCouncil | 2012-05-01 | 4 | Vice Mayor Bonta inquired whether Alternatives in Action (AIA) would fill its budget gaps from other funding sources, of if services would be reduced. The Community Programs Project Manager responded she does not know if AIA was able to fill the gap; AIA is very successful in fund raising and receives funds from companies like HBO. Councilmember deHaan moved approval of the staff recommendation. Councilmember Johnson seconded the motion, which carried by unanimous voice vote - 5. (12-204) Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Lease with Pacific Shops, Inc for an Initial Term of 25 Years with a 41 Year Option for the Tidelands Property Located along Clement Street between Alameda Marina Drive and Willow Street, Generally Known as Alameda Marina. Introduced. The Community Development Director gave a brief presentation. Councilmember Johnson stated that she is glad the agreement mutually benefits both the residents of Alameda and the tenants of the property; inquired what is the current base rent. The Community Development Director responded $117,000; stated over five years, the rent expands to include a percentage of other activities on the site. Councilmember Johnson inquired if the current lease requires capital improvements, to which the Community Development Director responded in the negative. Mayor Gilmore inquired what triggers the lease extension. The Community Development Director responded development markers have been designed to ensure there is a development plan; lease extension is important for financing the project. Vice Mayor Bonta inquired should whether not meeting the conditions is considered a material breach of the lease, to which the City Attorney responded in the affirmative; Regular Meeting Alameda City Council 4 May 1, 2012 | CityCouncil/2012-05-01.pdf |