pages: CityCouncil/2013-04-16.pdf, 14
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CityCouncil | 2013-04-16 | 14 | transaction. Councilmember Tam inquired why the City is entering into purchase negotiations before conveyance. The Economic Development Division Manager responded the City is not entering into purchase negotiations now; stated three leases include a purchase option; negotiations have not started; conveyance will occur in June; the City should not entertain purchase options for ten to fifteen more years according to the Economic Development Strategy to allow lease revenue to continue as an infrastructure engine and support City operations at Alameda Point; the strategy manages tenant expectations; tenants cannot make purchases right after the City gets the property. In response to Councilmember Chen's inquiry, the Economic Development Division Manager stated a third party property management company, PM Reality, manages the properties at Alameda Point. The City Manager noted a Request for Proposals to manage the commercial and residential properties will go out this month. Vice Mayor Ezzy Ashcraft moved introduction of the ordinance. Councilmember Chen seconded the motion, which carried by unanimous voice vote - 5. (13-179) Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease Amendment with Alameda Municipal Power Extending Their Current Lease for up to Two Years in Building 162 Located at 400 West Atlantic Avenue at Alameda Point. Introduced; and (13-179 A) Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Lease Amendment with Alameda Municipal Power Extending Current Lease for up to Two Years in 1890 Viking Street at Alameda Point. Introduced. The Economic Development Division Manager gave a brief presentation. Mayor Gilmore inquired whether staff has gone through the storage, to which the Assistant City Manager responded in the affirmative. Councilmember Tam moved introduction of the ordinance. Councilmember Daysog seconded the motion, which carried by unanimous voice vote - 5. CITY MANAGER COMMUNICATIONS Regular Meeting Alameda City Council 14 April 16, 2013 | CityCouncil/2013-04-16.pdf |