Title
Subject: Amendment To Lease With EOYDC QALICB
From: Office Of The City Administrator
Recommendation: Adopt A First Amendment To Ordinance No. C.M.S. 13187, Which Authorized City Administrator To Enter Into A 66 Year Lease For $1.00 Per Year With East Oakland Youth Development Center Qualified Active Low Income Community Business, Inc., A California Nonprofit Public Benefit Corporation (EOYDC QALICB), To Further Authorize: (1) An Increase Of Security In Such Leasehold Interest From $7 Million To Up To $10 Million, And (2) Inclusion In The New 66-Year Lease Of An Option To Purchase The Property