Ordinance 3383 CITY OF ALAMEDA ORDINANCE NO. 3383
AUTHORIZING THE CITY MANAGER TO EXECUTE A FOURTH
LEASE AMENDMENT WITH AUCTIONS BY THE BAY, INC., FOR
BUILDING 20, LOCATED AT 2701 MONARCH STREET AT ALAMEDA
POINT FOR AN ELEVEN-MONTH EXTENSION TO THE RENT
RELIEF PROGRAM DEFFERED RENT REPAYMENT SCHEDULE
WHEREAS, Auctions By the Bay, doing business as Michaan's Auctions, has
become a regional public draw, creating synergy between the monthly Antiques Fair,
Building 20 Auctions, and other public attractions located along Monarch Street; and
WHEREAS, Building 20 is located at 2701 Monarch Street, consisting of
approximately sixty three thousand nine hundred seventy two (63,972) rentable square
feet; and
WHEREAS, the City entered into the original agreement with Auctions By the Bay
for Building 20 in May 2012 ("Lease"); and
WHEREAS, the long-term reuse of this hangar for this lease is consistent with the
term of other leases along this row of hangars and is consistent with the long-term
development plans for Alameda Point; and
WHEREAS, in 2020, the City Council approved a nine-month rent deferral program
with a repayment period of three years for eight businesses at Spirits Alley, including
Auctions By the Bay, Inc. In the first two repayment years, all deferred rent repayments
were made according to schedule or early; and
WHEREAS, the proposed fourth amendment to the Lease extends the final
repayment year by eleven months through January 1, 2026, and acknowledges tenants
forfeiture of any rent credit per the terms of the second lease amendment. Further, the
proposed fourth amendment helps the tenant make timely repayments while also
adapting to changes in visitorship to Alameda Point and continue investment into the
property.
NOW, THEREFORE, the City Council of the City of Alameda does hereby ordain
as follows:
Section 1. The City Manager of the City of Alameda or her designee is hereby
authorized to execute, for and on behalf of the City of Alameda, a lease amendment with
Auctions By the Bay, Inc., for an eleven month extension to the deferred base rent
repayment period according the amended rent repayment schedule in the proposed
fourth amendment.
Section 2. If any section, subsection, sentence, clause, or phrase of this ordinance,
for any reason, is held to be invalid or unconstitutional, such decision shall not affect the
validity or constitutionality of the remaining portions of this ordinance. The City Council of
the City of Alameda hereby declares that it would have passed this ordinance, and each
section, subsections, clause, or phrase hereof, irrespective of the fact that any one or
more sections, subsections, sentences, clauses, and phrases are declared to be invalid
and unconstitutional.
Section 3. 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.
PreffA,'Ava
' er of the Ci Council
Attest:
Lara Weisiger, City Clerk
City of Alameda
I, the undersigned, hereby certify that the foregoing Ordinance was duly and
regularly adopted and passed by Council of the City of Alameda in regular meeting
assembled on the 6th day of May, 2025, by the following vote to wit:
AYES: Councilmembers Boller, Daysog, Jensen, Pryor and Mayor
Ezzy Ashcraft — 5.
NOES: None.
ABSENT: None.
ABSTENTIONS: None.
IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official
seal of said City this 7th day of May, 2025.
c c
Lara Weisiger, City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City orney
City of Name"