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File #: 16-0419    Version: 1 Name: Lease Of 5050 Coliseum Way And 750 50th Avenue
Type: Ordinance Status: Passed
File created: 11/15/2016 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 1/17/2017 Final action: 1/17/2017
Title: Subject: Lease Of 5050 Coliseum Way And 750 50th Avenue From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator, Without Returning To Council, To Negotiate And Execute A Lease For Properties Located At 5050 Coliseum Way And 750 50th Avenue With Dodg Corporation For Use By The City's Public Works Department For A Term Of Ten (10) Years, With Five, Three-Year Options To Extend The Lease, For The Monthly Rental Amount Of Forty-Three Thousand Dollars ($43,000), Equal To An Initial Aggregate Annual Amount Of Five Hundred Sixteen Thousand Dollars ($516,000), Plus Consumer Price Index Increases Each Annual Anniversary Date Not To Exceed Five Percent Per Year; And Making Certain California Environmental Quality Act Exemption Findings
Sponsors: Economic & Workforce Development Department
Attachments: 1. View Report, 2. 13411 CMS, 3. Proof Of Publication 13411 CMS

Title

Subject:                     Lease Of 5050 Coliseum Way And 750 50th Avenue

From:                                          Economic And Workforce Development Department 

Recommendation: Adopt An Ordinance Authorizing The City Administrator, Without Returning To Council, To Negotiate And Execute A Lease For Properties Located At 5050 Coliseum Way And 750 50th Avenue With Dodg Corporation For Use By The City's Public Works Department For A Term Of Ten (10) Years, With Five, Three-Year Options To Extend The Lease, For The Monthly Rental Amount Of Forty-Three Thousand Dollars ($43,000), Equal To An Initial Aggregate Annual Amount Of Five Hundred Sixteen Thousand Dollars ($516,000), Plus Consumer Price Index Increases Each Annual Anniversary Date Not To Exceed Five Percent Per Year; And Making Certain California Environmental Quality Act Exemption Findings