Introduction of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 24 Month Lease with Advanced Roofing Services, a California Corporation, for Building 612 located at 1450 Viking Street at Alameda Point. (Base Reuse 819099) [Requires four affirmative votes]
Then 60 introduction of ordinance, approving a lease and authorizing the city manager to execute documents necessary to implement the terms of 24 month lease with Advanced Roofing Services. California Corporation for Building 612, located at 1450 Viking Street at Alameda Point. Good evening, mayor and city council members. I'm Nanette McConnell. And what you do, i mean to wait for the. People to. Leave, maybe it would be more humane. Actually. Might we suggest a five minute bathroom reset? But we'll be taking a recess for 5 minutes. Five minute recess. Thank you, Madam Mayor. Take their seats and we're going to resume. Thank you. We are on item six C. I know. Okay. Good evening, mayor and council members. I'm Nanette McConnell. So what. You have in front of you tonight is at least a renewal for the tenant advanced roofing systems. They've been a tenant at only two points since June of 2013. This is a renewal for just two more years. And I want to first say that I know that the mayor has concerns about lease rates that we have in Alameda Point. And again, I want to reiterate that when we do our budget presentation, we're going to do a presentation, a piece of it about how we set our rental rates so that you can have a better understanding of how we view market and things like that. And really it goes to the public will then have an understanding of why the point there's like how you come up with it. Okay, perfect. This is a 4000 square foot building. We're charging $0.57 per square foot in the first year and it goes up to 58 in the second year. And I hope that you'll be able to support this renewal. Member questions or comments. We have no speakers. No speakers. No speakers slept. So I don't remember. Discussion and comment. So I'm I mean, I'm prepared to actually make a motion. I see that this is a tenant that has been here for a little while. This is a renewal of their lease. And it's not a long lease. It's 24 months and. I'll make. A second. Thank you. I move that. I move. Actually. Introduction of an ordinance approving a lease and authorizing the city manager to execute documents necessary to implement the terms of a 24 month lease with Advanced Roofing Services California Corporation for Building 612, located at 1450 Viking Street in Alameda Point. I second in that. Any questions or comments by counsel. I'd just one comment if I could request in the future that as we have these leases come forward, if it's possible, can we get the number of employees that are attached to each of these? Sure. I think that's important to start building that inventory, especially if there's room for growth. I think it'd be interesting. Maybe pursue a tenant option to buy. Certainly I do. And I have a question as to the 24 months. Is there a reason why are we only doing two year releases now? No, I, I believe if this building is in a location where we want to have some flexibility about either future development, and so we just do a shorter term lease with them unless it's a use it's a storage storage for roofing materials. And if if we get it, if it becomes a zone where there's a lot of tenant activity, mixed uses, we have some flexibility to attract like, like part of our, our asset management strategy is to develop sort of, I guess clusters isn't the word. That you use anymore but cluster. Industry. So we have, you know, our. Spirits. Alley, we have makers, we have we're trying to develop clusters. So having a shorter term lease with a tenant that may not be the type of tenant that we want to have in our long term mix gives us flexibility. So it sounds like it's two years at the request of city as opposed to the tenant. Yes. Other questions or comments. And my only other comment is I'm having worked with Miss Marcano for a while now. I know that she's very creative at finding other homes for tenants that, you know, this may no longer be the optimal location, the highest and best use of that area, but she knows her inventory and often finds them someplace else to light . So. Okay. And we have the most. All those in favor. I. I thank you. Passes unanimously. Thank you. Thank you. 60 was full by staff. So now we're on 60.