12 21-0360 Subject: Plaza Covid-19 Rent Relief From: Economic & Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator, Or Designee, To Negotiate And Execute Amendments To Seven Leases With The Following Tenants: Big Oakland, Awaken Cafe, Downtown Wine Merchant, Pan Theater And Studio-Fab, 130 Cafe, Betti Ono Gallery, And Pro Arts, To (1) Forgive Up To Fifty (50) Percent Of Outstanding Rent Balances Not To Exceed $185,000 Total Forgiveness; And (2) Reduce Future Rents By Up To Fifty (50) Percent Ending No Later Than June 30, 2022 Not To Exceed $145,000 Total Rent Reduction - City of Oakland

Meeting: Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board on 2021-05-18 1:30 PM - Please See The Agenda To Participate In The Meeting

Meeting Time: May 22, 2021 at 10:00am PDT

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Agenda Item

12 21-0360 Subject: Plaza Covid-19 Rent Relief From: Economic & Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator, Or Designee, To Negotiate And Execute Amendments To Seven Leases With The Following Tenants: Big Oakland, Awaken Cafe, Downtown Wine Merchant, Pan Theater And Studio-Fab, 130 Cafe, Betti Ono Gallery, And Pro Arts, To (1) Forgive Up To Fifty (50) Percent Of Outstanding Rent Balances Not To Exceed $185,000 Total Forgiveness; And (2) Reduce Future Rents By Up To Fifty (50) Percent Ending No Later Than June 30, 2022 Not To Exceed $145,000 Total Rent Reduction

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