2.11 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: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council on 2021-06-01 1:00 PM - Please See The Agenda To Participate In The Meeting

Meeting Time: June 01, 2021 at 1:00pm PDT

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Agenda Item

2.11 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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