REPORT TO COUNCIL
SUBJECT
Title
Action on a Funding Agreement with CoreSite Real Estate SV9, L.P., Relating to City Predesign Engineering Activities for the Stender Way Substation Project and Related Budget Amendment [Council Pillar: Deliver and Enhance Quality Efficient Services and Infrastructure]
Report
BACKGROUND
CoreSite Real Estate SV9, L.P., (CoreSite) proposes to construct a four-story, 246,660 square-foot data center at 2905 Stender Way (SV9) that would replace the existing uses on the site. The SV9 data center would be approximately 85 feet in height and would house computer servers and supporting equipment for private clients. The SV9 data center facility is proposed to be served by a new single customer electric substation and a related 60kV transmission line extension to the substation.
CoreSite has requested the City to perform predesign engineering activities in parallel with CoreSite's development and construction approval process which is presently under California Environmental Quality Act (CEQA) review.
DISCUSSION
Under this Funding Agreement, Coresite will fund the City's preparation of system impact studies and predesign activities on the substation, the substation's control building and the off-site 60kV transmission line interconnection, in a parallel path with CoreSite's CEQA review process.
This Funding Agreement does not provide CoreSite with any vested right to electric service, any assurance of approval of CoreSite's project, any budget approvals relating thereto, permit application approvals, the environmental review or any other item relating or arising out of its project or any portion thereof. The City shall not be liable to CoreSite for failure to approve any such items.
ENVIRONMENTAL REVIEW
The action being considered is not subject to review under the California Environmental Quality Act ("CEQA") pursuant to CEQA Guidelines Article 20, Section 15378(b)(4), which provides that "[t]he creation of government funding mec...
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