NOTICE AND DIGEST
ORDINANCE AMENDING ORDINANCE NO. 13711 C.M.S. AUTHORIZI NG
THE CITY ADMINISTRATOR TO NEGOTIATE AND EXECUTE A LEASE
AGREEMENT WITH THE BLACK CULTURAL ZONE DEVELOPMENT C OR-
PORATION (BCZ) FOR THE ARROYO VIEJO RECREATION CENTER FOR
FOOD DISTRIBUTION AND RENTABLE COMMERICAL KITCHEN (FOOD HUB) FOR A THREE YEAR TERM LEASE WITH THREE 2-YEAR O PTIONS AT A RATE OF ZERO DOLLARS ($0.00) PER YEAR IN EXCHAN GE FOR TENANT IMPROVEMENTS; AND MAKING FINDINGS THAT THE LEASE
FOR BELOW FAIR MARKET VALUE IS IN THE BEST INTEREST OF THE CITY
AnOrdinanceauthorizingtheCityAdministratorton egotiateandexe- cutetheleaseagreementwith theBlackCultural Zone Development Corporation(BCZ),aCalifornianonprofitcorporation,fortheleasingof tworoomsattheCity-ownedrealpropertylocatedat7701KrauseAve- nueinexchangeforapproximatelyOneMillionDollar s($1,000,000)in tenantimprovementsforatermofthreeyearswith three2-yearop- tionstorenewtooperateaFoodHub.
Notice of Publication
ThisOrdinancewasintroducedattheCityCouncilmeet ing,Tuesday evening March 19, 2024 ,andpassedtoprint 8 Ayes .Finaladoptionhas beenscheduledfortheCityCouncilmeeting Tuesday, April 16, 2024, 3:30 P.M. , atOne FrankH. OgawaPlaza,CouncilChamber,3rd floor, Oakland,CaliforniaandviaTeleconference.
Threefullcopiesareavailableforuseandexaminationbythepublicin theOfficeoftheCityClerkatOneFrankH.OgawaP laza,1stfloor,Oak- land,California.
ASHAREED,CityClerk
OT 6822047; Apr. 12, 2024