Introduction

On August 18, 2020, the City Council approved the acquisition of the Bank of America Building at 750 Bridgeway for a price of $2 million.

On August 19, 2022, the City entered into a lease agreement with the Sausalito Center for the Arts as tenant of the property at 750 Bridgeway.

Resources

• Google map showing the location of 750 Bridgeway.
• Results from the survey on prospective uses of the Bank of America Building (August 2020).
• Staff report to the City Council on the proposed acquisition (August 18, 2020).
• Purchase and Sale Agreement with ATM Leaseback between Bank of America and the City of Sausalito.
• Request for Ideas for Reuse and Reactivation of the Bank of America Building (April 30, 2021).
• Proposal for a Sausalito Center for the Arts (September 2021).
• Schedule of Lease Payments (January 7, 2022).
• Absolute Triple Net Lease between the City of Sausalito and Sausalito Center for the Arts (August 19, 2022)

Articles from Sausalito Currents

• February 23, 2024: Center for the Arts Rent to Remain at Current Level for at Least 6 Months
• February 16, 2024: Center for the Arts Lease, Midyear Budget on City Council Agenda
• July 15, 2022: Council Approves Lease with Center for the Arts, Ban on Leaf Blowers
• July 8, 2022: Cannabis, Bank of America Building, Leaf Blowers on Council Agenda
• January 11, 2022: Council Advances Proposal for Arts Center at Bank of America Building
• April 30, 2021: City to Release Request for Ideas for Bank of America Building
• April 9, 2021: City Council to Review Concepts for Ferry Landing Improvements
• February 26, 2021: City Council to Seek Proposals for Use of Bank of America Building
• February 19, 2021: City Council to Consider Next Steps for Bank of America Building
• August 21, 2020: City Council Approves Purchase of Bank of America Building
• August 14, 2020: Council to Consider Purchase of Bank of America Building
• August 7, 2020: Advisory Committee Supports Purchase of BofA Building
• July 31, 2020: Bank of America Building: Public Meeting and Virtual Tour
• July 24, 2020: Take a Survey on Prospective Uses for the Bank of America Building
• July 17, 2020: City Seeks Input on Purchase of Bank of America Building

City Council Meeting Items

• February 20, 2024: Consideration Of the Request By The Sausalito Center For The Arts, A Non-Profit, To Amend The Existing Lease By Maintaining Rent At $4,029 Dollars Per Month  (video, agenda and documents)
  
• July 12, 2022 - Item 4B: Consideration of a lease between the City of Sausalito and the Sausalito Center for the Arts for the former Bank of America building located at 750 Bridgeway (video, agenda and documents)
  
• January 11, 2022 - Item 4C: Bank of America Building Update (video, agenda and documents)
  
• December 7, 2021 - Item 4C: Bank of America Building Update (video)
  
• April 13, 2021 - Item 7A: Receive and File Project Updates for the Sausalito Ferry Landside Improvement Project and the Bank of America Reuse and Reactivation Project and Include a New Project on the 2021/22 Capital Improvement Program for Developing a Preliminary Report Regarding the Ultimate Vision of Parking Lot 1 (video, agenda and documents)
• February 23, 2021 - Item 7B: Use of the Bank of America Building (video, agenda and documents)
• August 18, 2020 - Item 7A: 750 Bridgeway (Bank of America Building): City Acquisition and Financing (video, agenda and documents)
• July 7, 2020 - Item 4A: 750 Bridgeway (BofA Building) – City Acquisition and Public Process on Use of the Building (video, agenda and documents)

Items from Economic Development Advisory Committee Meetings

• August 5, 2020: Bank of America Property - Proposed Acquisition & Use - EDAC Recommendation to City Council, Continued (video, agenda and documents)
• August 3, 2020: Bank of America Property - Proposed Acquisition & Use - EDAC Recommendation to City Council (video, agenda and documents)
• July 20, 2020: City Acquisition and Public Process on Use of the former Bank of America building at 750 Bridgeway (video, agenda and documents)