Development Agreement Amendment 26-002 for McGrath RentCorp

The City of Livermore is authorizing the first amendment to Development Agreement 08-002 with McGrath RentCorp, identified as Amendment 26-002. This administrative action extends the agreement term by 30 years, moving the expiration date to 2059, and adjusts the agreement boundary for parcels 99-40-72, 99-40-80, 99-40-73, and 99-40-74. The primary objectives of the modification are to facilitate a commercial land transfer to a high-revenue commercial user and to ensure alignment with the 2045 General Plan and Midtown Area planning goals. The amendment focuses on establishing vested rights and procedural requirements for future discretionary approvals and does not authorize any new construction, physical development, or site disturbance. Consequently, the project is exempt from the California Environmental Quality Act under the Existing Facilities and common-sense exemptions, as it creates no significant environmental impact. The project was approved on July 27, 2026, with Jake Potter serving as the primary point of contact for the City of Livermore.