File #: 334-25    Version: 1 Name:
Type: Ordinance Status: Remaining Action
File created: 11/17/2025 In control: Board of Port Commissioners
On agenda: 12/4/2025 Final action:
Title: Ordinance: Approve and Authorize the Executive Director to Execute Agreements Necessary to Assign and Amend a Lease with Oakland Hospitality, LLC to Kalptaru Holdco, LLC, for the Premises Located at 1103 Embarcadero Road, Oakland, for an Assignment Fee of $1,158.78, to Increase the Security Deposit to Six (6) Times’ the Minimum Rent, Require a Personal Guaranty, Require Demolition of Improvements and Construction of Other Improvements, and Adjust Parking Areas; 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 6.2
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Title

Ordinance:  Approve and Authorize the Executive Director to Execute Agreements Necessary to Assign and Amend a Lease with Oakland Hospitality, LLC to Kalptaru Holdco, LLC, for the Premises Located at 1103 Embarcadero Road, Oakland, for an Assignment Fee of $1,158.78, to Increase the Security Deposit to Six (6) Times’ the Minimum Rent, Require a Personal Guaranty, Require Demolition of Improvements and Construction of Other Improvements, and Adjust Parking Areas; and Finding that the Proposed Action is Exempt Under the California Environmental Quality Act. (CRE)