Amends the 1000 Broadway office lease, with monthly rent rising to $250,695.76 by 2021-22

This is the fourth amendment to the lease for the district's central administrative offices at 1000 Broadway in Oakland. Monthly base rent is set for three lease years from September 1, 2019 through August 31, 2022, plus the district's share of increases in taxes and operating expenses starting January 1, 2020. The text does not give one total; the highest stated monthly rent is shown.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Notes on the official text

Two monthly rent amounts are printed with a stray space ($236, 304.80 and $250, 695.76), but their intended values are clear and the item states monthly rent rather than a total by design.

Vendor / partner: Sparknight, LLC · Florida
Action: Amendment
Category: Governance & board business
Term: Sep 1, 2019 – Aug 31, 2022
This vote: $250,695.76
Funding: Fund 21 - Measure J
Presented by: Deputy Chief, Facilities Planning and Management
File: 19-1563 · agenda P.-4
Outcome: Adopted on the General Consent Report, Aug 28, 2019

Official text

Approval by the Board of Education of the Fourth Amendment, Office Lease between the Oakland Unified School District (“District”), as Lessee, and Sparknight, LLC, a Florida limited liability company, as Lessor (“Lessor”), for space within the building located at 1000 Broadway, Oakland, California 94607, commonly known as the TransPacific Centre (the “Property”), for square footage described in Section 4.1 of the Fourth Amendment, for the monthly base rent, described in Section 4.2, of the Fourth Amendment, as follows: • $236, 304.80 (monthly) from September 1, 2019 through August 31, 2020; • $243,393.94 (monthly) from September 1, 2020 through August 31, 2021; and • $250, 695.76 (monthly) from September 1, 2021 through August 31, 2022, plus, the pro-rata shares of increases to taxes and operating expenses beginning on January 1, 2020, as stated in Sections 4.3 (a) and 4.3(b) of the Fourth Amendment. All other terms and conditions, except those modified by this Amendment and/or prior amendments, remain in full force and effect.

History

Aug 28, 2019 Adopted on the General Consent Report

This is an independent project created to provide transparency to the OUSD Community, and is not affiliated with Oakland Unified District. All data used to create the Consent Report Tracker is made public by Legistar, OUSD's official platform for posting legislative records. Plain-English summaries are written by AI with narrow parameters based upon the official text of the reports. Read about how all this works.