Lathrop Recommends Development Agreement With VESI 17 | City of Lathrop | VESI 17 LLC

Scope & details

The full contract record, as filed.

Contract amount

$1,000,000 one-time Economic Development Incentive Fund contribution; $600,000 one-time sales and use tax guarantee; anticipated $1,483,000 property tax over 20 years; $600,000 one-time water tender contribution; $333,351 one-time Advanced Life Support Training Program contribution; plus lease payments to the City for the underground gen-tie line

Contract type

OTHER

Contract term

20 years from execution of the Development Agreement

Renewal

The agreement provides a 20-year term from execution. The related Conditional Use Permit and Site Plan Review entitlements run concurrently with the Development Agreement and may be extended or modified under the agreement or the Lathrop Municipal Code.

Document type

StaffReport

Source document

City of Lathrop StaffReport Denali Battery Energy Storage System Project 2026-09-16

Related contracts

Other contracts from Vesi 17 Llc.

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

PENDING

City of Lathrop, CaliforniaSep 16, 2026

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

RECOMMENDED

City of Lathrop, CaliforniaSep 16, 2026

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

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 $1,000,000 one-time Economic Development Incentive Fund contribution; $600,000 one-time sales and use tax guarantee; anticipated $1,483,000 property tax over 20 years; $600,000 one-time water tender contribution; $333,351 one-time Advanced Life Support Training Program contribution; plus lease payments to the City for the underground gen-tie line.

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 $1,000,000 one-time Economic Development Incentive Fund contribution; $600,000 one-time sales and use tax guarantee; anticipated $1,483,000 property tax over 20 years; $600,000 one-time water tender contribution; $333,351 one-time Advanced Life Support Training Program contribution; plus lease payments to the City for the underground gen-tie line.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Lathrop StaffReport Denali Battery Energy Storage System Project 2026-09-16 (StaffReport), 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.

View Vesi 17 Llc's profile

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