Title
Final Passage of Ordinance Approving a Lease and an Option to Purchase and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 10-Year Lease and Option to Purchase with Natel Energy, Inc., a Delaware Corporation, for Building 23 located at 2401 Monarch Street at Alameda Point. [Requires four affirmative votes] (Base Reuse 819099)
Body
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Interim City Manager
Re: Final Passage of Ordinance Approving a Lease and an Option to Purchase and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a 10-Year Lease and Option to Purchase with Natel Energy, Inc., a Delaware Corporation, for Building 23 located at 2401 Monarch Street at Alameda Point
BACKGROUND
Natel Energy, Inc. (Natel) designs and manufactures innovative hydropower systems that generate renewable energy and was founded at Alameda Point in 2009. With funding from the United States Department of Energy and the Small Business Innovation Research Program, Natel is growing and commercializing their invention, thus prompting their expansion and relocation to a new location in Building 23 at Alameda Point (Exhibit 1). Natel proposes to use the premises at Building 23 as office, research and development, and light manufacturing. Together, with existing clean energy companies like Wrightspeed, Google, Saildrone, and Kai Concepts, Natel is creating a niche for the clean tech industry at Alameda Point. Much like Spirit's Alley, the City greatly welcomes this clean tech cluster that is growing on the base as it is consistent with the long-term vision for Alameda Point in the City's existing planning documents.
DISCUSSION
Natel previously occupied Building 400A and currently occupies Building 19 at Alameda Point under a license agreement ending in December of this year. At Buildings 400A and 19, Natel quickly grew from 4 to 20 employees. At...
Click here for full text