pages: CityCouncil/2018-03-20.pdf, 3
This data as json
body | date | page | text | path |
---|---|---|---|---|
CityCouncil | 2018-03-20 | 3 | (*18-153) Resolution No. 15355, "Allowing Electronic Filing of Campaign Finance Disclosure Forms." Adopted. (18-154) Resolution No. 15356, "Confirming a Ground Lessor's Consent and Estoppel Certificate and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of the Ground Lessor's Consent and Estoppel Certificate with Encinal Marina, Ltd., Doing Business as Grand Marina." Adopted. Mayor Spencer stated that she would like the public understand the request. The Assistant Community Development Director gave a brief presentation. Mayor Spencer inquired whether the current lease provides for the possibility of changes; expressed concerns with the lease locking the City into more than the current lease. The Assistant Community Development Director responded a lease can be amended at any time with mutual agreement by all parties; stated nothing more is being tied into the agreement. The City Attorney stated the City is consenting to collateral security so the City cannot arbitrarily withdraw; changes would have to be an arrangement the tenant would make with the bank; the City the lease would be approved for the term of the loan. Mayor Spencer inquired when the City would be able to change the term. The Assistant Community Development Director responded the lease expires in April of 2029. Councilmember Ezzy Ashcraft inquired whether the lease is being extended, to which the Assistant Community Development Director responded in the negative. Mayor Spencer inquired whether there are any other instances where the tenant uses the City's property as the security. The Assistant Community Development Director responded in the affirmative; stated staff ensures proceeds are used to benefit the property. Councilmember Matarrese moved approval of the recommendation in the staff report and allow the security to go forward [adoption of the resolution]. Councilmember Ezzy Ashcraft seconded the motion, which carried by unanimous voice vote - 5. (*18-155) Resolution No. 15357, "Approving the Application for Grant Funds for Regular Meeting Alameda City Council 3 March 20, 2018 | CityCouncil/2018-03-20.pdf |