City Council

Item 101: Approval of Premises Schedule #3 to Master Energy Services Agreement with\nEnergy Center San Diego LLC to Provide Chilled Water to the Balboa Theater\nProperty Located at 868 Fourth Avenue, in the City of San Diego.\nTotal Estimated Cost of Proposed Action and Funding Source:\nBased on historical and projected data, the costs associated with Premises Schedule #3 for\nthe provision of chilled water services to the Balboa Theatre are estimated to be\n$2,600,000 over the initial approximately fifteen (15) year term, approximately\n$1,400,000 over the first five-year extension option, and approximately $1,800,000 over\nthe second five-year extension option.\nCouncil District(s) Affected: 3.\nProposed Actions:\n(R-2024-419)\nResolution approving a 15-year premises schedule under a previously approved Master\nAgreement with Energy Center San Diego LLC to provide chilled water to the Balboa\nTheatre located at 868 Fourth Avenue in San Diego.\nCommittee Actions Taken:\nThis item was heard at the Economic Development and Intergovernmental Relations\nCommittee meeting on March 13, 2024.\nACTION: Motion by Chair Campillo, second by Committee member Campbell, to\nrecommend Council approval of staff’s proposed actions.\nVOTE: 3-0; Campillo-yea, Lee-yea, Campbell-yea.\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Brian Byun