Title
Final Passage of Ordinance Approving the Lease of Building 397, Located at 1690 Orion Street at Alameda Point, with Astra Space, Inc., a Delaware C-Corporation for a Two-Year Lease with Three One-Year Extension Options. [In accordance with the California Environmental Quality Act (CEQA), this Project is Categorically Exempt under the CEQA Guidelines Section 15301(c) -Existing Facilities.] [Requires Four Affirmative Votes] (Base Reuse 819099)
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CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING THE LEASE OF BUILDING 397, LOCATED AT 1690 ORION STREET AT ALAMEDA POINT, WITH ASTRA SPACE, INC., A DELAWARE C-CORPORATION FOR A TWO-YEAR LEASE WITH THREE ONE-YEAR EXTENSION OPTIONS
WHEREAS, Astra Space, Inc. is a San Francisco-based aerospace research and design firm with a ten-year history of developing aerospace technology in partnership with NASA; and
WHEREAS, Astra Space, Inc. entered into a license agreement for Building 397 on November 22, 2016 with the City of Alameda; and
WHEREAS, Astra Space, Inc.'s license will expire and be replaced by the lease agreement once approved; and
WHEREAS, Building 397 consists of approximately 17,335 square feet of rentable space; and
WHEREAS, Astra Space, Inc. will occupy Building 397 and have the right, on an exclusive basis, to have its employees and visitors park in the adjacent paved areas; and
WHEREAS, the Premises will be used for the rocket engine testing, research, and development; and
WHEREAS, the base rent over the two years are $12,134.50 for year one, $12,498.50 for year two; and
WHEREAS, Astra Space, Inc. provided $110,666.66 in prepaid rent; and
WHEREAS, Astra Space, Inc. will be required to provide a security deposit in the amount of $24,269 and the lease contains the standard insurance, indemnity, assignment and termination clauses the ARRA required in its leases and compliant with the Lease in Furtherance of Conveyance (LIFOC).
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