Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves new short lease for Teatro de las Américas with debt forgiveness and stepped rent
Summary
After sustained public testimony, the council forgave past-due rent and approved a three-year lease with escalating monthly payments and revenue-sharing triggers for Teatro de las Américas at 321 W. 6th St.; the motion passed unanimously (7–0).
The Oxnard City Council on Feb. 3 approved a three-year lease with Teatro de las Américas at 321 West 6th Street that forgives a portion of the group’s past-due rent and sets an affordable stepped rent schedule while preserving a revenue-triggered payment when the theater’s gross revenue exceeds set thresholds.
Housing staff presented the agreement that would authorize: (1) the mayor to execute a 3-year lease with two 1-year extension options at the city manager’s discretion; (2) a nominal $1 per year base annual fee with…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
