Title
Introduction of Ordinance Authorizing the City Manager to Execute a Lease for Building 11 with Science Corp., Located at 1190 West Tower Avenue, at Alameda Point, Alameda California, for a Term of 10 Years with Two Extension Options (for Five Years Each).
In accordance with California Environmental Quality Act (CEQA), this action is categorically exempt from further environmental review pursuant to CEQA Guidelines Section 15301 (Existing Facilities).(Base Reuse and Economic Development 29061822)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Staff recommends that the City Council authorize the City Manager to execute a lease with Science Corporation (Science Corp) for Building 11 at Alameda Point for a term of ten years with two, five-year extension options. Science Corp is currently located in a smaller building on Atlantic Avenue in the Marina Village Business Park. The recommended lease will allow the growing company to expand its workforce and research and development activities to develop an implantable brain-machine interface that targets treating extreme disabilities, most notably blindness.
BACKGROUND
The City of Alameda (City) owns a former US Navy structure (Building 11) at Alameda Point. Building 11 is approximately 110,500 square feet in size and is located at 1190 West Tower Avenue. It was formerly occupied by Google and Makani. The building is now vacant.
In 2022, the City issued a Request for Proposals for potential tenants to re-occupy the vacant building. The City received six proposals for the building, including Science Corp's proposal. Based upon a review of the proposals and the City's leasing and economic development objectives for Alameda Point, staff initiated negotiations for a lease for the building with Science Corp.
Science Corp is a bio-technology company dedicated to solving some of medicine's most difficult and persistent problems. The company is currentl...
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