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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