In unanimous vote Tuesday, the City Council OK'd a lease agreement with the US Patent and Trademark Office.
The contract dedicates 35,194 square feet of City Hall to the federal agency, which is expected to open next year. Though it will cover $6 million in design costs, the new tenant will force the city to relocate some of its departments. Most of the space, however, has sat vacant since City Hall opened in 2005. The city expects to pay $4.7 million for relocation, but will recover that with the first five years of lease payments from the patent office.
City officials celebrated the lease agreement as a big win, a chance to add substance to its claim of being the "Capital of Silicon Valley."
“This partnership is a win-win for the U.S. Patent and Trademark Office and the City of San Jose,” Mayor Chuck Reed said in a statement. “But even more important is it’s a win for Silicon Valley’s leading technology companies and early-stage entrepreneurs, who generate more patents than any other region in the country. It’s a win for our nation, as these innovations drive the U.S. economy and create new jobs.”
The trademark office plans to employ 80 patent examiners 20 administrative judges and 110 other workers once it moves to San Jose from its temporary office in Menlo Park.