TO: CRA Board of Commissioners
FROM: Kim Phan, Legal Advisor
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: January 25, 2022
REQUEST LETTER FROM EMANUEL JACKSON, SR. PROJECT, INC.- 700 WEST ATLANTIC AVENUE, UNIT 700
Recommended Action:
A) Board discussion regarding the Request Letter received from Emanuel Jackson, Sr. Project, Inc., dated December 15, 2021, regarding the CRA-owned property at 700 West Atlantic Avenue, Unit 700.
B) Board Direction on Potential Options:
1) Prepare a public notice for invitation to lease 700 West Atlantic Avenue, Unit 700; or
2) Negotiate a month-to-month lease agreement with a monthly rental rate and bring back the lease agreement to the CRA Board for consideration; or
3) Take no action and EJS’s current Lease Agreement will expire on January 31, 2022.
Background:
Emanuel Jackson, Sr. Project, Inc. (“EJS”) is a tenant located at 700 West Atlantic Avenue, Unit 700 (“Subject Property”). On November 9, 2017, the CRA executed a two (2) year commercial lease agreement with EJS for the Subject Property that terminated on January 14, 2020. On January 28, 2020, the CRA Board approved and the CRA executed a one-year (February 1, 2020 to January 31, 2021) Lease Agreement for the Subject Property. On October 14, 2020, EJS submitted a request to the CRA to renew its Lease Agreement until January 31, 2022. On November 12, 2020, the CRA Board approved a First Amendment to the Lease Agreement with EJS to extend the term until January 31, 2022.
On or around December 15, 2021, EJS submitted a request (“Request Letter”) to the CRA to renew the Lease Agreement for an additional two (2) years until January 31, 2024. In the same Request Letter, EJS also requested consideration of an unsolicited partnership with the CRA for a future endeavor and expressed its interest in negotiating with the CRA to acquire land within the CRA District for “free or at a discounted cost.” The CRA also received eight (8) letters of support fo...
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