Approve Commercial Lease Agreement with SPT Energy Base Hub (“SPT”) for initial monthly amount of $11,361.60, subject to annual CPI adjustments, for lease of City-owned surplus land for development and operation of hydrogen production, storage, dispensing, and fueling infrastructure, EV charging and related clean transportation uses for 10 years with one five-year term extension option - 670 Iowa Avenue (Ward 2)

What this record is

Held by

SPT Energy Base Hub

Amount

$11K

Runs until

September 18, 2036 10 years away date calculated from a contract term stated in the record, not quoted directly

Type

contract

Field

Utilities & energy

utilities & energy contracts in CA that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

City Council

Requested by

City Clerk

Introduced

September 18, 2026

On agenda

October 20, 2026

Where it was heard

City Council Oct 20, 2026 City Council Oct 20, 2026

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