5.6 25-0128 Subject: Expansion Of The Oakland School For The Arts Lease At The Fox Theater From: Economic Workforce Development Department And Councilmember Fife Recommendation: Adopt An Ordinance Amending Ordinance No. 13734 C.M.S. To: (1) Authorize A Lease Amendment Between The City Of Oakland And The Oakland School For The Arts (OSA) To Add The 4,503 Square Foot Ground Floor Former Restaurant Space At 1805 Telegraph Avenue (Fox Theater) For Improvement And Use As A Retail Store, Art Gallery, And Radio Station At A Rate Of Two Thousand Six Hundred Eighty Seven Dollars And Fifty Cents ($2,687.50) Per Month Until June 30, 2025 And Then Four Thousand Three Hundred Seventy Seven Dollars And Twenty Five Cents ($4,377.25) Per Month Through June 30, 2026; (2) Making Findings That The Lease Amendment For Below Fair Market Value Is In The Best Interest Of The City; And (3) Making Appropriate California Environmental Quality Act Findings