Lathrop Recommends VESI 17 Battery Storage Agreement | City of Lathrop | VESI 17 LLC

Scope & details

The full contract record, as filed.

Contract amount

Community benefits include a $1,000,000 one-time Economic Development Incentive Fund contribution; a $600,000 sales and use tax guarantee; anticipated property tax payments of $1,483,000 over 20 years; a $600,000 one-time Water Tender contribution; and a $333,351 one-time Advanced Life Support Training Program contribution. Lease payments to the City are also required, but the amount is not stated.

Contract type

OTHER

Contract term

20 years

Renewal

The agreement term is 20 years from execution. No renewal or extension option is stated; related entitlements remain effective concurrently with the Development Agreement unless extended or modified under the agreement or municipal code.

Document type

AgendaPacket

Source document

City of Lathrop AgendaPacket Planning Commission Regular Meeting 2026-09-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Lathrop?

Vesi 17 Llc was awarded this government contract by City of Lathrop, as recorded on September 16, 2026. The contract value is Community benefits include a $1,000,000 one-time Economic Development Incentive Fund contribution; a $600,000 sales and use tax guarantee; anticipated property tax payments of $1,483,000 over 20 years; a $600,000 one-time Water Tender contribution; and a $333,351 one-time Advanced Life Support Training Program contribution. Lease payments to the City are also required, but the amount is not stated..

How much is the Vesi 17 Llc contract with City of Lathrop worth?

The Vesi 17 Llc contract with City of Lathrop is valued at Community benefits include a $1,000,000 one-time Economic Development Incentive Fund contribution; a $600,000 sales and use tax guarantee; anticipated property tax payments of $1,483,000 over 20 years; a $600,000 one-time Water Tender contribution; and a $333,351 one-time Advanced Life Support Training Program contribution. Lease payments to the City are also required, but the amount is not stated..

What type of contract is this?

This is a government contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Lathrop AgendaPacket Planning Commission Regular Meeting 2026-09-16 (AgendaPacket), dated September 16, 2026 from City of Lathrop. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Vesi 17 Llc hold?

Vesi 17 Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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