Title
Final Passage of Ordinance Authorizing the City Manager, or Designee, to Execute a Ten Year (120 month) Lease, Substantially in the Form of the Attached Lease, with Rain Industries Inc., for Building 19, Located at 2175 Monarch Street, Alameda, CA. In accordance with the California Environmental Quality Act (CEQA), this action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities). (Community Development 29061822)
Body
The staff report for this ordinance was included when the ordinance was introduced and is available at the following link:
https://alameda.legistar.com/LegislationDetail.aspx?ID=5923578&GUID=FAED6734-0C3D-4A10-8CFF-285882516229&Options=&Search=&FullText=1
CITY OF ALAMEDA ORDINANCE NO.____
New Series
AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE A TEN-YEAR (120 MONTH) LEASE WITH RAIN INDUSTRIES, INC., FOR BUILDING 19, LOCATED AT 2175 MONARCH STEET, ALAMEDA, CA
WHEREAS, Rain Industries, Inc. (Rain) researches, designs and manufactures autonomous aircraft; and
WHEREAS, Rain submitted a proposal in response to a Request for Proposals (RFP) to lease Building 19, approximately 16,888 square feet of interior office space, and approximately 3,993 square foot shed and enclosed, paved yard area at Alameda Point (the Premises); and
WHEREAS, City Council directed staff to prepare a lease with Rain for the Premises; and
WHEREAS, the proposed lease has a term of ten (10) years with no renewal or purchase option; and
WHEREAS, the proposed use of the Premises is for research, design, and development of autonomous aircraft, office space for use as company headquarters, and light manufacturing of aircraft prototypes; and
WHEREAS, the proposed monthly base rent for the Premises is $31,321.50 during Months 1-12 of the lease term, and increases by three and a half (3.5) percent every twelve (12) months thereafter; and
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