15 - Laserfiche WebLink

The lack of security that we witnessed firsthand in Newark perfectly illustrated a serious concern. Noise—I will never be convinced that this tenant will not create a nuisance to any business located within our building and having joint walls. The same would hold true for a daycare for kids. Parking—The side of the building that would house this tenant has a horrible parking situation in the front of the building. If you look at the City's report, you will see that this tenant fully expects to have parking activity and drop offs at the front of the building from third parties. That will clearly exceed the parking ratio for their sq. ft. lease. Business disruption—Noise, parking, stray clients, etc. This is a professional office building and not an industrial one, as we saw Newark. Their Newark, Hayward and Oakland locations are in heavier industrial parks and have more than adequate parking and an environment where noise would not be such a factor. Hayward is a standalone building with a parking and open area that can be closed in and secured by a gate. Newark shares a wall with an indoor pool facility, so noise is of no concern. Oakland is directly adjacent to the 880 freeway. Our site is not at all like any of these other sites. Financial damage—If this tenant is allowed to move into this location, it will have an immediate and negative impact on our business and building value now and in the future. Insurance-As an association and commercial condo building, the three owners have legal liability for our common areas, i.e.—sidewalks and driveways and parking. Daily we have strangers driving through our parking lot at high speeds to get to their jobs at sites nowhere near or on our property. This creates its own hazard, let alone with a facility with clients who could be handicapped or disabled routinely using our parking lot. Each year we need to disclose who the tenants are to our insurance carriers for our building coverage. I guarantee that our costs will drastically increase with a tenant like this,just do to the nature of their work. This is not being mean, but honest and practical. I asked one of our carriers just this morning and they were happy to insure our association, until I disclosed this possible tenant. They immediately stated that it would be a firm decline. (I am happy to supply the carrier and contact to back that up). While I must sound like a horrible, non-caring individual, I am not. I truly do care and have lost sleep over this issue. My one and only real objection is to the location of this operation. My opinion is that they would be most suited for a stand-alone building or at an industrial park site and off a busy street where they could have more control over the safety of their clients and others. 4