Title
Introduction of Ordinance Approving a Lease and Authorizing the Acting City Manager to Execute Documents Necessary to Implement the Terms of a Forty-Eight Month Lease for 44,000 Square Feet with Shimmick/CEC Joint Ventures, for a Portion of Building 170, Located at 1770 Viking Street 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
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Interim City Manager
Re: Introduction of Ordinance Approving a Lease and Authorizing the Acting City Manager to Execute Documents Necessary to Implement the Terms of a Forty Eight Month Lease for 44,000 Square Feet with Shimmick/CEC Joint Ventures, for a Portion of Building 170, Located at 1770 Viking Street at Alameda Point
BACKGROUND
Shimmick/CEC Joint Venture is the contractor working on the seismic retrofit of the Transbay Tunnel for Bay Area Rapid Transit (BART). The premises will be used for storage of non-hazardous construction material associated with the retrofit project. The premises includes both building and yard space. The tenant has committed to limiting truck traffic to 20 trips per day and further limiting the trips to no more than four trucks between the peak hours of 6 and 9 a.m.
DISCUSSION
Building 170 is located in the Enterprise District of Site B, development is not expected to occur on the premises until the infrastructure associated with Site A is installed. However, if the City receives serious offers for development in this area, the agreement includes a very favorable termination provision for the City. The City, at any time after the expiration of the eighteenth month of the term can deliver a written notice of termination. The tenant will have no less than 6 months after delivery of the notice to vaca...
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