10-12-2021 CC RPT 23 - Laserfiche WebLink

Home

City °J Arts &Innovation City Council Memorandum IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII TO: FROM: SUBJECT: ISSUE: HONORABLE MAYOR AND CITY COUNCIL COMMUNITY & ECONOMIC DEVELOPMENT DEPARTMENT DATE: OCTOBER 12, 2021 WARDS: ALL LEASE AGREEMENT WITH WATTEV SBI, INC., FOR THE CITY -OWNED PROPERTY LOCATED AT 1388 SOUTH E. STREET, SAN BERNARDINO, CALIFORNIA, TO FACILITATE THE DEVELOPMENT OF A FACILITY FOR THE LEASING AND RENTING OF ELECTRICAL TRACTOR RIGS TO INCLUDE AN ELECTRICAL CHARGING FACILITY, REST AREA, CONVENIENCE STORE, OFFICE, AND STORAGE AREA FOR AN INITIAL 15 YEAR TERM, WITH APPROXIMATELY $2,370,000 IN PROJECTED REVENUE DURING THE INITIAL LEASE TERM Approve a Lease Agreement with WattEV SB1, Inc., for an initial 15 -year term plus three optional five-year extensions, for the City -owned property located at 1388 South E. Street, San Bernardino, California, to facilitate the development of a facility for the leasing and renting of electrical tractor rigs to include an electrical charging facility, rest area, convenience store, office, and storage area, with approximately $2,370,000 in projected revenue during the initial lease term. RECOMMENDATIONS: That the City Council: 1. Approve the Lease Agreement with WattEV SB 1, Inc. (Attachment 1) for an initial 15 -year term plus three optional five-year extensions for the City -owned property located at 1388 South E. Street, San Bernardino, California, to facilitate the development of a facility for the leasing and renting of electrical tractor rigs to include an electrical charging facility, rest area, convenience store, office, and storage area, with approximately $2,370,000 in projected revenue during the initial lease term; and 2. Authorize the City Manager, or his designee, to approve the Lease Agreement with WattEV SB 1 and execute all necessary documents, including making minor and non -substantive changes, and to execute the three optional five-year extensions if necessary. BOARD RECOMMENDATIONS: On September 13, 2021, the Board of Public Utilities, with a vote of 7 ayes and 1 no, moved to approve recommending that the City Council approve the Lease Agreement with WattEV SB 1,