{"MatterId":37281,"MatterGuid":"2EC4D00A-342F-447B-92E9-959855B40F56","MatterLastModifiedUtc":"2026-07-13T21:23:03.33","MatterRowVersion":"AAAAAAEHfyc=","MatterFile":"26-0702","MatterName":null,"MatterTitle":"Subject: \tOakland Ice Center Lease And Capital Project\r\nFrom: \t\tEconomic And Workforce Development Department\r\nRecommendation: Adopt An Ordinance (1) Authorizing The City Administrator To Negotiate And Execute The Following (A) A Lease And Management Agreement Between The City As Landlord And Sharks Ice, LLC As Tenant To Operate The Oakland Ice Center For An Initial 5-Year Term With Four 5-Year Extension Options At A Rate Of Three Hundred Thirty-Five Thousand Dollars ($335,000) In Base Rent Per Year, Less An Annual Capital Contribution By The City Of One Hundred Thousand Dollars ($100,000), With An Annual Tenant Capital Contribution Of One Hundred Thousand Dollars ($100,000) And Percentage Rent Of Seven Percent (7%) Of Annual Gross Revenue Above $4.3 Million Dollars; \r\n\r\n(B) An Advertising Revenue Sharing Agreement With Tenant Retaining The First One Hundred Thousand Dollars ($100,000) And The City Receiving Fifty Percent (50%) Of The Remaining Net Advertising Revenue For A Term Of Five (5) Years With Four 5-Year Extension Options; \r\n\r\n(C) The Use Of One Million Three Hundred Forty-Four Thousand Nine Hundred And Ten Dollars ($1,344,910) In Capital Reserve Funds And Up To Five Hundred Thousand Dollars ($500,000) In Anticipated Net Revenue In Fiscal Year 2025-2026 To Reimburse Sharks Ice, LLC For Losses Realized Under The Current Management Agreement; And \r\n\r\n(D) Disbursement Agreement With The Sharks Ice, LLC, In A Total Amount Not To Exceed Ten Million Dollars ($10,000,000) Of Measure U Bond Funds For A New Refrigeration System And Related Capital Improvements \r\n\r\n(2) Making Findings That The Lease For Below Fair Market Rental Value Is In The Best Interest Of The City’s; And \r\n\r\n(3) Adopting Appropriate California Environmental Quality Act Findings","MatterTypeId":3,"MatterTypeName":"Ordinance","MatterStatusId":18,"MatterStatusName":"Passed","MatterBodyId":255,"MatterBodyName":"Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council/Geologic Hazard Abatement District Board","MatterIntroDate":"2026-05-11T00:00:00","MatterAgendaDate":"2026-07-07T00:00:00","MatterPassedDate":"2026-07-07T00:00:00","MatterEnactmentDate":null,"MatterEnactmentNumber":"13888 C.M.S.","MatterRequester":"Economic & Workforce Development Department","MatterNotes":null,"MatterVersion":"1","MatterCost":null,"MatterText1":null,"MatterText2":null,"MatterText3":null,"MatterText4":null,"MatterText5":null,"MatterDate1":null,"MatterDate2":null,"MatterEXText1":null,"MatterEXText2":null,"MatterEXText3":null,"MatterEXText4":null,"MatterEXText5":null,"MatterEXText6":null,"MatterEXText7":null,"MatterEXText8":null,"MatterEXText9":null,"MatterEXText10":null,"MatterEXText11":null,"MatterEXDate1":null,"MatterEXDate2":null,"MatterEXDate3":null,"MatterEXDate4":null,"MatterEXDate5":null,"MatterEXDate6":null,"MatterEXDate7":null,"MatterEXDate8":null,"MatterEXDate9":null,"MatterEXDate10":null,"MatterAgiloftId":0,"MatterReference":null,"MatterRestrictViewViaWeb":false,"MatterReports":[]}