Title:
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Vector Space Systems, Inc. Rocket Manufacturing Center in the County's Aerospace, Defense and Technology Business and Research Park
Staff recommends approval to enter into negotiations for a concept where the County will enter into a 15- to 25-year lease with either Vector Space Systems, Inc. or a developer who will construct and lease the facility to Vector. Such a lease would be a straight market rate ground lease covering all of the County's development costs, with a straight-line amortization over the period of the lease. The negotiated lease would be presented to the Board of Supervisors for final approval.
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