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File #: 2022-2200   
Type: Regular Agenda Item
Body: City Council
On agenda: 9/20/2022
Title: WITHDRAWN - Introduction of Ordinance Authorizing the Interim City Manager, or Designee, to Execute a Fourth Amendment to the License with Amber Kinetics, Inc., a California Corporation, to Extend the License Term for Twelve Months for the Unimproved Lot Located at 641 West Red Line Avenue, Alameda, CA. (Community Development 29061822) [Not heard on September 6, 2022 and will not be heard on September 20, 2022]
Attachments: 1. Exhibit 1 - Premises, 2. Exhibit 2 - License, 3. Exhibit 3 - First Amendment, 4. Exhibit 4 - Second Amendment, 5. Exhibit 5 - Third Amendment, 6. Exhibit 6 - Fourth Amendment, 7. Ordinance
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Title

WITHDRAWN - Introduction of Ordinance Authorizing the Interim City Manager, or Designee, to Execute a Fourth Amendment to the License with Amber Kinetics, Inc., a California Corporation, to Extend the License Term for Twelve Months for the Unimproved Lot Located at 641 West Red Line Avenue, Alameda, CA. (Community Development 29061822) [Not heard on September 6, 2022 and will not be heard on September 20, 2022]

Body

To: Honorable Mayor and Members of the City Council

EXECUTIVE SUMMARY

The requested action would (i) authorize execution of a fourth amendment to the license dated April 1, 2014, as amended (License), with Amber Kinetics, Inc. (Amber Kinetics) to extend the license term for twelve (12) months, with one 12-month renewal option subject to approval of the Interim City Manager or designee, and (ii) establish monthly rent during the extended term for the unimproved lot located at 641 West Red Line Avenue, consisting of approximately 10,000 square feet of rentable land at Alameda Point (Premises [Exhibit 1]).

BACKGROUND

Amber Kinetics is a manufacturer of energy storage technologies with a mission to accelerate the world towards safer, more cost-effective, and environmentally sustainable solutions for storing energy. In 2014, the City of Alameda (City) and Amber Kinetics entered into the License (Exhibit 2) for use of the unimproved lot located at 641 West Red Line Avenue for electrical systems storage, including two below-ground precast vaults and a surface shed to house electrical and communications equipment. The License has been extended three times and currently terminates May 4, 2022; the current monthly License fee is $3,800.

DISCUSSION

This Fourth Amendment to the License (Exhibit 6) (i) extends the term of the License for an additional twelve (12) months with a termination date of May 4, 2023, (ii) increases the License fee by 10% to $4,180 per month and (iii) provides one 12-month renewal option upon three (3) months written...

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