Title
Lease Extension Approval, 909 San Rafael Avenue-APN 153-10-012
Recommended Action
1. Authorize the City Manager or designee to execute a lease amendment with Dusty Robotics, Inc., a Delaware corporation, for 909 San Rafael Avenue (APN 153-18-012), to extend the term of the lease with a one-year renewal option and two six-month renewal options under the terms and conditions set forth in this Council report. For the first year, the gross annual rent will be $553,104.
2. Authorize the City Manager or designee to execute any subsequent amendments, including the exercise of renewal options, provided there is no financial impact exceeding $650,000 per year.