Title
Final Passage of Ordinance Approving a Lease and Authorizing the City Manager to Execute Documents Necessary to Implement the Terms of a Five-Year Lease with Two Five-Year Extension Options and a Right of First Negotiation to Purchase with Saildrone, Inc. a Delaware Corporation, for Building 12 Located at 1050 West Tower Avenue at Alameda Point. [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)
Body
CITY OF ALAMEDA ORDINANCE NO. ______
New Series
APPROVING A LEASE AND AUTHORIZING THE CITY MANAGER TO EXECUTE DOCUMENTS NECESSARY TO IMPLEMENT THE TERMS OF A FIVE YEAR LEASE WITH TWO FIVE-YEAR EXTENSION OPTIONS AND A RIGHT OF FIRST NEGOTATION TO PURCHASE WITH SAILDRONE, INC, A DELAWARE CORPORATION, FOR BUILDING 12, LOCATED AT 1050 WEST TOWER AVENUE AT ALAMEDA POINT
WHEREAS, Saildrone, Inc. designs and manufactures wind and solar powered autonomous vehicles used for cost-effective ocean data collection; and
WHEREAS, Saildrone, Inc. entered into a sublease agreement with Artemis Racing USA, Inc. to occupy a portion of Building 12 on February 09, 2016; and
WHEREAS, Saildrone, Inc. is currently in their sublease agreement which is set to expire August 31, 2017; and
WHEREAS, this lease agreement with Saildrone, Inc. will replace that current sublease agreement; and
WHEREAS, Artemis Racing USA, Inc.'s lease for Building 12 is set to expire August 30, 2017; and
WHEREAS, Saildrone, Inc. is currently negotiating a new sublease agreement with Artemis Racing USA, Inc. so that Artemis Racing USA, Inc. may continue to occupy their portion of Building 12; and
WHEREAS, Saildrone, Inc. will have the right to occupy the portion of Building 12 vacated by Artemis Racing USA, Inc. if Artemis Racing USA, Inc. chooses to not enter into a sublease agreement w...
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