Memo from City Manager to City Council regarding Terms of a 3 Year Lease with No Extension Options with Williams-Sonoma, February 21, 2017

Excerpt:

Exhibits:

1. Aerial Map of Premises

2. Leased Premises

3. Parking Areas

4. Final Lease

...
BACKGROUND

Williams-Sonoma, Inc. (Williams-Sonoma) is a Delaware C-corporation operating numerous retail stores under a portfolio of brands that includes Williams-Sonoma, Williams-Sonoma Home, Pottery Barn, Pottery Barn Kids, PBTeen, West Elm, Mark and Graham, and Rejuvenation.

Williams-Sonoma currently occupies Building 169, Suite 102 under a license with the City as of May 12, 2016, and is currently under the first amendment to that License which allows them to occupy the premises through April 30, 2017. This License will terminate once the commencement date for this lease begins (estimated May 1, 2017).