Ordinance 2620CITY OF ALAEDA ORDINANCE NO.
New Series
2620
AUTHORIZING EXECUTION OF A LEASE EXTENSION
FOR THE LINOAKS MOTEL
WHEREAS , on February 16, 1990 the City of Alameda , as lessor
entered into an agreement with Mohammad A. and Farida Sheikh, as
tennants, for the lease of the Linoaks Motel , and
WHEREAS , such lease had an initial term of one year with month
to month extensions thereafter, and
WHEREAS City Staff and the tennant have negotiated an
extension of the lease until April I, 1994 with a month to month
extension thereafter, and
WHEREAS , the lease extension increases the rent from $13 500
per month to $16 000 per month and provides for annual 4% increases
during any month to month extension, and
Section 1 The Mayor is authorized to execute the
extension of the lease in the form attached hereto as Exhibit
Section 2 This ordinance shall be in full force and
effect from and after the expiration of thirty (30) days from the
date of its final passage.
Attest:
$LL
tv Clerk
, the undersigned hereby certify that the foregoing Ordinance was
duly and regularly adopted and passed by the Council of the City of
Alameda in regular meeting assembled on the 1st day of,December , 1992 , by the following vote to wit:
AYES :Council1!embers 2\rneri ch_, Canllci , L-ucas, Roth.
and President Withrow _. 5.
None.NOES:
ABSENT:None.
ABSTENTIONS:None.
IN WITNESS , WHEREOF , I have hereunto set my hand and aff ixed the
official seal of said City this 2nd day of December , 1992.
Diane Clerk
Ci ty of Al1;uneda