body,date,text,page,path
OaklandRedevelopmentSuccessorAgencyandtheCityCouncil,2020-12-01,"* Concurrent Meeting of the
Meeting Minutes - FINAL
December 1, 2020
Oakland Redevelopment Successor
Agency and the City Council
Aye: 8 - - Bas, Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Kaplan
NO VOTE: 0
2) An Ordinance Authorizing The City Administrator Or Designee To Execute An
Assignment Pursuant To Which The City, As Assignee Would Assume From The Fox
Oakland Theater, Inc., (""FOT"") As Assignor, FOT's Interests As Landlord Under The
Following Subleases: (1) The Amended And Restated Fox Theater Sublease With
Oakland School For The Arts As Subtenant, Dated January 16, 2016, For A Term Ending
June 30, 2021 At An Annual Rent Of Approximately $940,500; (2) The Fox Theater
Building Sublease With GASS Entertainment, LLC As Subtenant, Dated As Of
December 2006, As Amended, With Options To Extend Until February 6, 2034, For The
69,450 Square Feet Concert Hall At An Annual Percentage Rent Based On Paid
Admissions And The 1,300 Square Feet Bar And Event Space At A Base Rent Of
Approximately $2,813.56 Per Month, Increased By 10% In 2024 And Every Five Years
Thereafter Upon Renewal; And (3) The Amended And Restated Fox Theater Restaurant
Lease Agreement With The Emporium Oakland LLC, As Subtenant, Dated August 29,
2018, For $110,774 In Annual Rent For The 4,503 Square Feet Arcade Bar Venue, With
Options To Extend Until 2036
20-0810
Attachments: View Legislation
Councilmember Taylor made a motion, seconded by Vice Mayor Reid, to open the
Public Hearing, and hearing no objections, the motion passed by 8 Ayes: Bas,
Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Council President Kaplan
Upon the reading of Item 3.4 by the City Clerk, the Public Hearing was opened at
4:13 p.m.
2 individuals spoke on this item.
Councilmember Thao made a motion, seconded by Pro Tem Kalb, to close the
Public Hearing, and hearing no objections, the motion passed by 8 Ayes: Bas,
Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Council President Kaplan
This Ordinance be Approved On Introduction and Scheduled for Final Passage.to
go before the Special Concurrent Meeting of the Oakland Redevelopment
Successor Agency/City Council to be heard 12/15/2020
Aye: 8 - Bas, Gallo, Kalb, McElhaney, Reid, Taylor, Thao, and Kaplan
NO VOTE: 0
City of Oakland
Page 24
Printed on 12/16/2020",25,OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2020-12-01.pdf