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File #: 20-5662    Version: 1 Name: Rent Relief Coronavirus CRA
Type: Resolution Status: Passed
File created: 4/24/2020 In control: Caroline Street Corridor and Bahama Village Community Redevelopment Agency
On agenda: 5/5/2020 Final action: 5/5/2020
Title: Authorizing a Rent Deferment for up to two months, with an up to two-year repayment period for Commercial Tenants of the CRA affected by the COVID-19 emergency for the months of April and May 2020, upon individual request by tenants in good standing which meet specific criteria set forth in the memorandum of Doug Bradshaw, Director of Port and Marine Services, dated April 24, 2020; Directing city staff to analyze and provide recommendations to the City Manager or Designee with regard to rent deferment requests; Authorizing the City Manager or Designee to Approve and Execute Addendums to Lease for Rent Deferments.
Sponsors: Greg Veliz
Attachments: 1. Resolution, 2. Executive Summary, 3. Public Comment

Title

Authorizing a Rent Deferment for up to two months, with an up to two-year repayment period for Commercial Tenants of the CRA affected by the COVID-19 emergency for the months of April and May 2020, upon individual request by tenants in good standing which meet specific criteria set forth in the memorandum of Doug Bradshaw, Director of Port and Marine Services, dated April 24, 2020; Directing city staff to analyze and provide recommendations to the City Manager or Designee with regard to rent deferment requests; Authorizing the City Manager or Designee to Approve and Execute Addendums to Lease for Rent Deferments.