https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8024336&GUID=35655BBA-C859-486A-B915-A8614C46FBA0Legistar15https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8024336&GUID=35655BBA-C859-486A-B915-A8614C46FBA035655BBA-C859-486A-B915-A8614C46FBA0-2026-05-29-00-39-57Title: Subject: Oakland Ice Center Lease And Capital Project From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance (1) Authorizing The City Administrator To Negotiate And Execute The Following (A) A Lease And Management Agreement Between The City As Landlord And Sharks Ice, LLC As Tenant To Operate The Oakland Ice Center For An Initial 5-Year Term With Four 5-Year Extension Options At A Rate Of Three Hundred Thirty-Five Thousand Dollars ($335,000) In Base Rent Per Year, Less An Annual Capital Contribution By The City Of One Hundred Thousand Dollars ($100,000), With An Annual Tenant Capital Contribution Of One Hundred Thousand Dollars ($100,000) And Percentage Rent Of Seven Percent (7%) Of Annual Gross Revenue Above $4.3 Million Dollars; (B) An Advertising Revenue Sharing Agreement With Tenant Retaining The First One Hundred Thousand Dollars ($100,000) And The City Receiving Fifty Percent (50%) Of The Remaining Net Advertising Revenue For A Term Of Five (5) Years With Four 5-Year Extension Options; (C) The Use Of One Million Three Hundred Forty-Four ThFri, 29 May 2026 00:39:57 GMT