Title
Introduction of Ordinance Authorizing the City Manager or Designee to Execute a Third Amendment to the License with Amber Kinetics, Inc., a California Corporation, for the Unimproved Lot Located at 641 West Red Line Avenue in Alameda to Extend the Term for 12 Months and Provide for One 12-Month Extension Option. (Community Development 819099)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
This action will introduce an ordinance authorizing a third amendment to the license with Amber Kinetics, Inc. (Amber Kinetics) for use of the unimproved, approximately 10,000 square foot lot, located at 641 West Red Line Avenue, , as a test site for electrical systems storage. The third amendment extends the term of the license for an additional twelve (12) months and provides for one 12-month extension option, subject to approval of the City Manager. The monthly rent of $3,600 remains unchanged during months 1-12 of the extended term. The monthly rent increases to $3,800 if the option to extend the term for an additional 12-months is exercised and approved.
BACKGROUND
Amber Kinetics is a manufacturer of energy storage technologies with a mission to accelerate the world to safer, more cost-effective, and environmentally sustainable solutions for storing energy. In 2014, the City of Alameda (City) and Amber Kinetics entered into a license agreement for use of the unimproved lot located at 641 West Red Line Avenue for electrical systems storage.
The License agreement with Amber Kinetics, dated April 1, 2014, provided for a twenty-four (24) month term with a base monthly rent of $1,000. The expiration date of the License term was April 14, 2016. In January 2016, the First Amendment to the License Agreement was executed, extending the term of the agreement for an additional twenty-four (24) months and increasing the base monthly rent to $2,200. The expiration date of the amended term was May 4, 2018. On April 17, 2018, the Second Amendment...
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