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File #: 21-0360    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 5/3/2021 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 6/1/2021 Final action: 6/1/2021
Title: Subject: Plaza Covid-19 Rent Relief From: Economic & Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator, Or Designee, To Negotiate And Execute Amendments To Seven Leases With The Following Tenants: Big Oakland, Awaken Cafe, Downtown Wine Merchant, Pan Theater And Studio-Fab, 130 Cafe, Betti Ono Gallery, And Pro Arts, To (1) Forgive Up To Fifty (50) Percent Of Outstanding Rent Balances Not To Exceed $185,000 Total Forgiveness; And (2) Reduce Future Rents By Up To Fifty (50) Percent Ending No Later Than June 30, 2022 Not To Exceed $145,000 Total Rent Reduction
Attachments: 1. View Report, 2. View Legislation, 3. 13650 CMS

Title

Subject:                     Plaza Covid-19 Rent Relief

From:                                           Economic & Workforce Development Department

Recommendation: Adopt An Ordinance Authorizing The City Administrator, Or Designee, To Negotiate And Execute Amendments To Seven Leases With The Following Tenants: Big Oakland, Awaken Cafe, Downtown Wine Merchant, Pan Theater And Studio-Fab, 130 Cafe, Betti Ono Gallery, And Pro Arts, To (1) Forgive Up To Fifty (50) Percent Of Outstanding Rent Balances Not To Exceed $185,000 Total Forgiveness; And (2) Reduce Future Rents By Up To Fifty (50) Percent Ending No Later Than June 30, 2022 Not To Exceed $145,000 Total Rent Reduction