File #: 25-0799    Version: 1 Name:
Type: City Resolution Status: In Committee
File created: 6/4/2025 In control: *Community & Economic Development Committee
On agenda: 6/24/2025 Final action:
Title: Subject: New César E. Chávez Library Lease From: Economic And Workforce Development Department Recommendation: Adopt A Resolution Authorizing A Lease Agreement Between The Fruitvale Development Corporation As Landlord And The City Of Oakland As Tenant For A 15,119 Square Foot Premises Located At 3301 E. 12th Street, Suite 275 Known As Fruitvale Transit Village For Ongoing Use As The César E. Chávez Library For An Initial Term Of Five (5) Years Effective June 1, 2025, With Two Options To Renew For Five (5) Years Each, At An Initial Rate Of One Dollar And Twenty-Five Cents ($1.25) Per Square Foot Or Eighteen Thousand Eight Hundred Ninety-Eight Dollars And Seventy-Five Cents ($18,898.75) Per Month With An Annual Increase Matched To The Consumer Price Index, Subject To A Minimum Of Three Percent (3%) And Maximum Of Five Percent (5%) Per Year, Plus The City’s 11.14% Proportionate Share Of Monthly Common Area Expenses Estimated At Eighty-Four Cents ($0.84) Per Square Foot Or Twelve Thous...
Sponsors: Economic & Workforce Development Department

Title

Subject:                      New César E. Chávez Library Lease

From:                                           Economic And Workforce Development Department

Recommendation: Adopt A Resolution Authorizing A Lease Agreement Between The Fruitvale Development Corporation As Landlord And The City Of Oakland As Tenant For A 15,119 Square Foot Premises Located At 3301 E. 12th Street, Suite 275 Known As Fruitvale Transit Village For Ongoing Use As The César E. Chávez Library For An Initial Term Of Five (5) Years Effective June 1, 2025, With Two Options To Renew For Five (5) Years Each, At An Initial Rate Of One Dollar And Twenty-Five Cents ($1.25) Per Square Foot Or Eighteen Thousand Eight Hundred Ninety-Eight Dollars And Seventy-Five Cents ($18,898.75) Per Month With An Annual Increase Matched To The Consumer Price Index, Subject To A Minimum Of Three Percent (3%) And Maximum Of Five Percent (5%) Per Year, Plus The City’s 11.14% Proportionate Share Of Monthly Common Area Expenses Estimated At Eighty-Four Cents ($0.84) Per Square Foot Or Twelve Thousand Six Hundred Ninety-Nine Dollars And Ninety-Six Cents ($12,699.96) Per Month, To Be Reconciled Annually, With An Initial One-Time Payment Of Three Hundred Forty Thousand One Hundred Seventy-Seven Dollars And Fifty Cents ($340,177.50) For Back Rent From December 2023 To May 2025; And Making Appropriate California Environmental Quality Act Findings; On The June 24, 2025 Community And Economic Development Committee