Ordinance 3357 CITY OF ALAMEDA ORDINANCE NO. 3357
New Series
AUTHORIZING THE CITY MANAGER TO EXECUTE A SECOND
AMENDMENT TO THE LEASE WITH PARK STREET WINE CELLARS,
INC. FOR APPROXIMATELY 700 SQUARE FEET OF RETAIL SPACE
IN THE HISTORIC ALAMEDA THEATRE LOCATED AT 2315
CENTRAL AVENUE, SUITE 122, ALAMEDA, TO MODIFY LEASE
TERM AND ACCELERATE RENT DEFERRAL REPAYMENT
SCHEDULE
WHEREAS, Park Street Wine Cellars, Inc. (Park Street Wine) operates a retail
wine shop in the Alameda Theatre complex located at 2315 Central Avenue, Suite 122,
Alameda consisting of approximately 700 rentable square feet; and
WHEREAS, on October 16, 2019, the City Council approved a 66-month lease
with Park Street Wine that included a termination date of March 31, 2025, plus a 5-year
extension option (Lease); and
WHEREAS, on April 5, 2022, the City Council approved a First Amendment to the
Lease that provided a 6-month rent deferral to Park Street Wine with a 3-year repayment
period, commencing July 1, 2022 and ending June 30, 2025, with an opportunity to earn
up to three months of rent credit for early repayment of the total deferred rent sum; and
WHEREAS, the City and Park Street Wine have negotiated a Second Amendment
to the Lease amending the Lease termination date to January 30, 2024, including an
option to extend the Lease term by one (1) month extension to March 1, 2024, if needed
to clear the premises of inventory which may be exercised in two (2)two-week extensions;
accelerating a rent deferral repayment schedule to repay all deferred rent authorized by
section 2(a) of the First Amendment to the Lease in the amount of$4,272.19; and allowing
for City to immediately market the space for a new tenant during the remaining term of
the Lease.
NOW THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda
that by four affirmative votes that:
Section 1 . The City Manager of the City of Alameda or designee is hereby
authorized to execute on behalf of the City of Alameda, a Second Amendment to the
Lease with Park Street Wine Cellars for the premises at 2315 Central Avenue, Suite 122,
Alameda, consistent with the Second Amendment approved by the City Council for first
reading on October 17, 2023 as Item 7-C, subject to such technical or clarifying revisions
as are reasonably determined necessary by the City Manager and approved by the City
Attorney, and the City Clerk is hereby authorized and directed to attest to the same.
Section 2. If any section, subsection, sentence, clause or phrase of this ordinance
if, for any reason, 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.
1t
Presiding ffice oil/he •City Council
f
Attest:
As ley i ba Acting, City Clerk
* * * * *
I, the undersigned, hereby certify that the foregoing Ordinance was duly and
regularly adopted and passed by the Council of the City of Alameda in a regular meeting
assembled on the 7th day of November 2023, by the following vote to wit:
AYES: Councilmembers Daysog, Herrera Spencer, Jensen, Vella
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 8th day of November 2023.
(1\4_4_,(0ct
A ya, Ac ing City Clerk
City of Alameda
APPROVED AS TO FORM:
Yibin Shen, City Attorney
City of Alameda