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2008-08-19 ARRA PacketThe Regular Meeting of the Alameda Reuse & Redevelopment Authority (ARRA) scheduled for August 6, 2008 has been canceled. A Special Meeting is scheduled on Tuesday, August 19, 2008 Alameda Reuse and Redevelopment Authority Interoffice Memorandum August 19, 2008 TO: Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority FROM: Debra Kurita, Executive Director SUBJ: Authorize Negotiation and Execution of a Sublease for RockWall Wine Company, Inc. at Alameda Point BACKGROUND The Alameda Reuse and Redevelopment Authority (ARRA) governing body approves all Alameda Point subleases with a lease term greater than one year. The proposed sublease for RockWall Wine Company, Inc. is for five years, plus three, five -year options to extend. DISCUSSION Attachment A describes the business terms for the proposed sublease for RockWall Wine Company, Inc. in a portion of Building 24. The rent for Rockwall Wine Company, Inc. is $165,600 annually, or $0.3450 per sq. ft. in the first year. There is a 3% increase each year in the subsequent years, including the first option period, with an adjustment to current market rate at year 10, for catering, wine production and wine storage. The lease provides for RockWall Wine Company, Inc. to occupy Building 24 for the first three months of the lease without paying rent to facilitate set -up, obtaining a Certificate of Occupancy, and the necessary bonding and licensing with federal agencies. Building 24 is in good condition. RockWall Wine Company, Inc. has requested a lease for five years plus three, five -year options to extend the lease. There is language in the lease that once the extension has become operative, the lease can be cancelled with a 60 day written notice. The RockWall Wine Company is represented by SABRE Real Estate Group. The base rent for the five year term, including 3% annual increases and deducted three months of free rent, equals $837,793, and the 5% commission would be $41,890. SABRE has requested the payment of their commission in a schedule that differs from the ARRA's standard practice in the following: The landlord will pay SABRE $10,000 within 30 days of a fully executed lease. After the free rent period and upon commencement of base rent, the base rent for the first five months shall be $7,422 instead of $13,800 because the tenant shall pay SABRE $6,378 a month, as part of the commission. In accordance with the Exclusive Negotiating Agreement between the ARRA and SunCal Companies, this lease has been discussed with representatives from SunCal Companies and has their concurrence. Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority BUDGET CONSIDERATION / FINANCIAL IMPACT August 19, 2008 Page 2 This lease will generate $82,310 instead of $124,200 in the first year because of the three months of free rent and the payment of $41,890 commission. Subsequently, rent is $165,600 annually. These funds will be retained by the ARRA. RECOMMENDATION Authorize Negotiation and Execution of a Sublease for RockWall Wine Company, Inc. at Alameda Point. By: Respectfully submitted, 7 Leslie Little Development Services Director anette Banks Finance & Administration Manager Attachment: A. Proposed Sublease Business Terms B. Site Map ATTACHMENT A PROPOSED SUBLEASE BUSINESS TERMS TENANT BUILDING SIZE (SF) TERM RENT RockWall Wine Company, Inc. 24 40,000 5 yrs + Three 5 yr Extension Options $13,800/mo. x ATTACHMENT B TAXIWAY "E" o \\\ \\\\ • \\\\ • \\\\ • N\\. \\\\ \\ \\\\ \\\\\\\\< \'.\\\ • -,\\<\.\\ 11, FT; '3AV e13M 01 'M 0' 1p0 /A o� 0 0 3 -0 Cil 2-C1 1 Alameda Reuse and Redevelopment Authority Interoffice Memorandum August 19, 2008 TO: Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority FROM: Debra Kurita, Executive Director SUBJ: Authorize Negotiation and Execution of a Sublease for Auctions by the Bay, Inc. at Alameda Point BACKGROUND The Alameda Reuse and Redevelopment Authority (ARRA) governing body approves all Alameda Point subleases with a lease term greater than one year. The proposed sublease for Auctions by the Bay, Inc. is for three years. DISCUSSION Attachment A describes the business terms for the proposed sublease for Auctions by the Bay, Inc. in a portion of Building 25. The rent for Auctions by the Bay, Inc. is $152,544 annually, or $0.35 per sq. ft. in the first year and a 3% increase each year in the subsequent two years. The building will be used for general office, warehousing, auctions and indoor antique fairs. The lease provides for Auctions by the Bay, Inc. to occupy Building 25 for the first month of the lease without paying rent to facilitate move -in. Building 25 is in good condition. In accordance with the Exclusive Negotiating Agreement between the ARRA and SunCal Companies, this lease has been discussed with representatives from SunCal Companies and has their concurrence. BUDGET CONSIDERATION / FINANCIAL IMPACT This lease will generate $139,832 in the first year. These funds will be retained by the ARRA. RECOMMENDATION Authorize Negotiation and Execution of a Sublease for Auctions by the Bay, Inc. Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority Re pecr lly submitt Leslie Little Development Services Director By: Nanette Banks Finance & Administration Manager August 19, 2008 Page 2 Attachment: A. Proposed Sublease Business Terms B. Site Map ATTACHMENT A PROPOSED SUBLEASE BUSINESS TERMS TENANT BUILDING SIZE (SF) TERM RENT Auctions by the Bay, Inc. 25 36,319 3 years $12,712/mo. H_NIVIaVHs /NooDYz 3KIHJ T I9I SUOfq-Dnd C3 70 a> 0) ro r r X ATTACHMENT B 0 0 City of Alameda Alameda Reuse and Redevelopment Authority August 19, 2008 TO: Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority FROM: Debra Kurita Executive Director RE: Authorize the Executive Director to Enter a Contract, through PM Realty Group, with General Construction Company to Dredge the Alameda Point Channel and Turning Basin in an Amount Not to Exceed $2,586,675 BACKGROUND The Alameda Reuse and Redevelopment Authority (ARRA) is proposing to dredge the navigational entrance channel to Alameda Point and the turning basin and dispose of the dredged material at the Alcatraz Environs In -Bay disposal site. The Alameda Point entrance channel is located in the eastern portion of San Francisco Bay at the west end of Alameda. The proposed maintenance dredging episode involves the removal of accumulated sediment in order to return the channel to a depth that would allow unencumbered maneuvering of vessels. The proposed dredge depth is —34 feet below Mean Lower Low Water ( -34 feet MLLW) with a two -foot over dredge tolerance. The U.S. Navy acquired the property known as Alameda Point in 1936 and began constructing the deep water port facilities in 1938. The Alameda Point Channel was used for berthing of various Navy ships including aircraft carriers. The existing channel is approximately 1,000 feet wide with a 2,450 -foot turning basin located on the eastern end of the approach channel. The channel has an authorized depth of —42 feet MLLW and prior to decommissioning of the base, had been maintained to a depth of —40 feet MLLW by the Navy. The Navy last dredged the channel in November 1996, while the ARRA dredged the channel in October 2005. The 2005 ARRA dredge depth was -32 feet MLLW with a two -foot over dredge tolerance. The proposed 2008 maintenance dredging for the Alameda Point Channel and turning basin is deeper in order to reduce the frequency of dredging. PM Realty Group (PMRG), the ARRA's property manager, PMRG will use a City Attorney- approved foiui of contract to facilitate the proposed dredging project utilizing the lowest bid received from four companies. Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority DISCUSSION August 19, 2008 Page 2 The ARRA placed an ad in the local press to request qualifications for bidding the project from May 23 — June 3, 2008. Seven companies responded to the request and all were qualified to bid on the project. The schedule for the selection was as follows: June 23, 2008 July 1, 2008 July 8, 2008 July 16, 2008 Bid documents issued to the qualified bidders Pre -bid meeting Deadline for Questions Bid due date. Bids were received from four of the seven bidders as indicated in bold: • American Civil Constructors, Benicia, CA - $3,523,020 • Dutra Dredging Company, San Rafael, CA - $2,422,450 • General Construction Company, Poulsbo, WA - $2,069,340 • Great Lakes Dredge & Dock Company, LLC, Oak Brook, IL • Manson Construction Co., Richmond, CA - $2,336,000 • Salt River Construction Corporation, Tiburon, CA • Vortex Marine Construction, Inc., Oakland, CA Dredging is set to begin September 2008 and will last for thirty days. All relevant permits were received prior to bidding the project. BUDGET CONSIDERATION / FINANCIAL IMPACT The bid for this project is $2,069,340 with an added 25% contingency to allow for incidental overdredging or removal of additional material shoaled since the last channel survey. The total expenditure for the contract is $2,586,675. There is no fiscal impact to ARRA lease revenue or the General Fund. The U.S. Maritime Administration (MARAD) reimburses the ARRA for all dredge events as a condition of their long -term lease. RECOMMENDATION Authorize the Executive Director to Enter a Contract, through PM Realty Group, with General Construction Company to Dredge the Alameda Point Channel and Turning Basin in an Amount Not to Exceed $2,586,675. Honorable Chair and Members of the Alameda Reuse and Redevelopment Authority Res c,t(lly submitted, August 19, 2008 Page 3 7 Leslie Litt e Developmen rvices Director By: Nanette Banks Finance & Administration Manager