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WITHDRAWN - Introduction of Ordinance Authorizing the Interim City Manager, or Designee, to Execute a Ten-Year Lease, Substantially in the Form of the Attached Agreement, with Pyka, Inc., a Delaware Corporation, for Building 11, Located at 1190 West Tower Avenue, Alameda, CA. (Community Development 29061822) [Will not be heard on September 6, 2022]
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EXECUTIVE SUMMARY
The requested action would authorize execution of a ten-year lease with Pyka, Inc. (Pyka), with no renewal option or purchase option, for Building 11 located at 1190 West Tower Avenue, consisting of approximately 110,561 square feet of rentable space at Alameda Point (Premises [Exhibit 1]). Pyka, the proposed tenant, responded to a Request for Proposals (RFP) issued by the City of Alameda (City), which included the material terms of the proposed lease. Currently operating out of Oakland, Pyka researches, develops, and manufactures autonomous electric aircraft. With City Council approval of this lease, Pyka anticipates employing approximately one hundred thirty-one (131) full-time employees at Alameda Point by 2026.
BACKGROUND
The Surplus Land Act (SLA), as amended by AB1486 (2019), requires local agencies such as the City to offer properties it intends to sell or lease on a long-term basis for certain public uses, such as open space or affordable housing, before it is disposed of to private parties. At the May 18, 2021 City Council meeting, the City Council approved issuing Notices of Availability to Sell or Lease (Notices), as prescribed by the SLA, for five sites at Alameda Point, including Building 11. The City received no responses to these Notices.
Building 11, a former hangar located near the intersection of West Tower Avenue and Monarch Street (see Exhibit 2), offers two-stories of rental space totaling 110,561 square feet . The building was previously occupied by Google, Inc. and Makani Technologies, LLC, who made a few infrastructure improvements to the building.
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