pages: CityCouncil/2020-05-19.pdf, 25
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CityCouncil | 2020-05-19 | 25 | The Assistant Community Development Director responded the cap was considered at $300,000 per tenant; stated a few tenants pay $50,000 per month; the program is not based on a first come first served basis; each agreement will need to be negotiated; the criteria is strict and the City can offer deferrals, not abatement, in the event a tenant does not fully qualify; the applications will be looked at closely. Mayor Ezzy Ashcraft stated the leases have high monthly rents. Councilmember Oddie expressed concern about offering a blank check to every tenant with a cap of $300,000; outlined monthly lease rents for various tenants. Mayor Ezzy Ashcraft inquired whether a capped amount for a certain category could be applied for small, medium and large businesses; whether Council can provide direction on the parameters. Councilmember Oddie stated rent should be abated for those locked out and shut down for the first three months; the second three months should be as generous as possible with deferrals and loan conversion; expressed support for staff returning to Council when the $300,000 cap in proposed abatements is reached. Mayor Ezzy Ashcraft inquired whether the proposed abatements are per tenant. Councilmember Oddie responded in total. The City Manager stated the $300,000 cap is for all abatements; staff will take Council comments and return with 2 to 3 choices in June to allow a good program to move forward. Councilmember Vella stated that she would like to understand the implications to planned Capital Improvement Projects (CIP) at Alameda Point and other properties; there is a cost associated; there are few businesses which have been truly locked out; expressed support for using the budget analysis to determine which items are delayed; there have been complaints related to infrastructure; investment should be in certain infrastructure. Councilmember Daysog stated one way to not provide a "blank check" to tenants would be to provide benchmarks; creating a threshold will help; expressed support for catalyst businesses being included, which calculates businesses generating foot traffic or positive collateral effects. Mayor Ezzy Ashcraft inquired whether comments should be submitted to allow staff to return in June. Councilmember Oddie responded that he can wait until June. Special Meeting Alameda City Council 16 May 19, 2020 | CityCouncil/2020-05-19.pdf |