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File #: ID-2019-402    Version: 1 Name: Art Center – Extension of ERN with Orton
Type: CC Resolution Status: Passed
File created: 8/14/2019 In control: City Council
On agenda: 9/3/2019 Final action: 9/3/2019
Title: Resolution Of The City Council Of The City Of Emeryville Authorizing The City Manager To Execute A Second Amendment To The Exclusive Right To Negotiate Agreement With Orton Development Inc. (ERN) For The Purpose Of Negotiating A Lease Disposition And Development Agreement For The Redevelopment And Operation Of 4060 Hollis Street As An Art Center To: (1) Extend The ERN Term To December 16, 2019, (2) Authorize An Additional Sixty Day Extension If Needed, And (3) Authorize The Execution Of Additional Minor Amendments As Necessary To Effectuate The Purpose of The ERN. (Charles S. Bryant / Chadrick Smalley / Emi Thériault)
Attachments: 1. Staff Report, 2. Draft Resolution, 3. Exhibit A - Second Amendment to ERN, 4. First Amendment to ERN, 5. Exclusive Right to Negotiate Agreement, 6. APPROVED Resolution No. 19-126

Title

Resolution Of The City Council Of The City Of Emeryville Authorizing The City Manager To Execute A Second Amendment To The Exclusive Right To Negotiate Agreement With Orton Development Inc. (ERN) For The Purpose Of Negotiating A Lease Disposition And Development Agreement For The Redevelopment And Operation Of 4060 Hollis Street As An Art Center To: (1) Extend The ERN Term To December 16, 2019, (2) Authorize An Additional Sixty Day Extension If Needed, And (3) Authorize The Execution Of Additional Minor Amendments As Necessary To Effectuate The Purpose of The ERN.  (Charles S. Bryant / Chadrick Smalley / Emi Thériault)

Body

Staff recommends that the City Council authorize the City Manager to execute a Second Amendment to the Exclusive Right to Negotiate Agreement with Orton Development Inc. (“ODI”) for the development and operation of an Art Center on the City-owned property at 4060 Hollis Street (“Art Center”).