File #: 199-25    Version: 1 Name:
Type: Ordinance Status: Remaining Action
File created: 6/22/2025 In control: Board of Port Commissioners
On agenda: 9/11/2025 Final action:
Title: Ordinance: Approving and Authorizing the Executive Director to Execute an All Assignment and Amendment of the Lease for the Premises Located Approximately at 1901-1995 Embarcadero Road, Oakland, to Assign the Lease from SSS Investment Group LLC to Waterfront Investments Inc., at an Initial Monthly Minimum Rent of $20,000, and a One-Time Payment of $1,500,000 from Waterfront Investments Inc. to the Port for Payment of Deferred Rent and as Prepaid Rent, and Extend the Term by Five (5) Years; and Finding that the Proposed Action is Exempt Under the California Environmental Quality Act. (CRE)
Attachments: 1. Agenda Report, 2. Exhibit A, 3. Ordinance Item 6.3
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Ordinance:  Approving and Authorizing the Executive Director to Execute an All Assignment and Amendment of the Lease for the Premises Located Approximately at 1901-1995 Embarcadero Road, Oakland, to Assign the Lease from SSS Investment Group LLC to Waterfront Investments Inc., at an Initial Monthly Minimum Rent of $20,000, and a One-Time Payment of $1,500,000 from Waterfront Investments Inc. to the Port for Payment of Deferred Rent and as Prepaid Rent, and Extend the Term by Five (5) Years; and Finding that the Proposed Action is Exempt Under the California Environmental Quality Act. (CRE)