pages: RulesAndLegislationCommittee/2020-11-19.pdf, 13
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RulesAndLegislationCommittee | 2020-11-19 | *Rules & Legislation Committee Meeting Minutes - FINAL November 19, 2020 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 A title changes was accepted. This Ordinance be Scheduled.to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council to be heard 12/1/2020 3) A Resolution Authorizing The City Administrator Or Designee To Execute An Assignment, With City As Assignee And FOT As Assignor, Of Any Professional Services Agreement ("PSA") That May Be Entered Into Between FOT And Colliers International, Inc. For The Purpose Of Providing Property Management Services At The Fox Theater Assuming Such PSA Is In An Amount Not To Exceed $6,200 Per Month, Or $74,400 Per Year And Is For A Term Of Five Years That Is Extendable For Two Additional Terms Of Five Years Each 20-0812 Attachments: View Legislation 88415 CMS A title changes was accepted. This City Resolution be Scheduled.to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council to be heard 12/1/2020 City of Oakland Page 12 Printed on 12/16/2020 | 13 | RulesAndLegislationCommittee/2020-11-19.pdf |