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File #: 20-0721    Version: Name:
Type: Ordinance Status: Passed
File created: 10/8/2020 In control: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council
On agenda: 11/10/2020 Final action: 11/10/2020
Title: Subject: The City Of Oakland And Prologis CCIG Oakland Global Settlement From: Office Of The City Administrator Recommendation: Adopt An Ordinance Amending Ordinance No. 13131, That Among Other Things, Authorized The Lease Of Property At Oakland Army Base For Billboards Under The Oakland Army Base Billboard Franchise And Lease Agreement Dated October 23, 2012 (“Master Agreement”) Between The City Of Oakland (“City”) And Prologis CCIG Oakland Global, LLC (“Master Tenant”), To: (1) Authorize The Settlement Of A Dispute Regarding The Methodology For Calculating Certain Percentage Rent By Splitting The Difference Between The City’s And Master Tenant’s Positions, Commencing As Of October 1, 2020 And Continuing Through The End Of The Master Agreement Term (“Settlement”); And (2) Approve And Authorize The City Administrator To Execute A First Amendment To The Master Agreement And Such Other Documents Necessary To Effectuate The Settlement
Attachments: 1. View Report, 2. View Attachment A, 3. View Attachment B, 4. View Attachment C, 5. View Legislation, 6. View Exhibit A - Lease Amendment, 7. View Exhibit B - Settlement Agreement, 8. 13620 CMS

Title

Subject:                     The City Of Oakland And Prologis CCIG Oakland Global Settlement

From:                                          Office Of The City Administrator                     

Recommendation: Adopt An Ordinance Amending Ordinance No. 13131, That Among Other Things, Authorized The Lease Of Property At Oakland Army Base For Billboards Under The Oakland Army Base Billboard Franchise And Lease Agreement Dated October 23, 2012 (“Master Agreement”) Between The City Of Oakland (“City”) And Prologis CCIG Oakland Global, LLC (“Master Tenant”), To: (1) Authorize The Settlement Of A Dispute Regarding The Methodology For Calculating Certain Percentage Rent By Splitting The Difference Between The City’s And Master Tenant’s Positions, Commencing As Of October 1, 2020 And Continuing Through The End Of The Master Agreement Term (“Settlement”); And (2) Approve And Authorize The City Administrator To Execute A First Amendment To The Master Agreement And Such Other Documents Necessary To Effectuate The Settlement