REPORT TO COUNCIL
SUBJECT
Title
Authorize the City Manager to Execute a Purchase and Sale Agreement for the Purchase of 295 Commercial Street and Approve Budget Modification No. 8 in the Amount of $4,650,000
Report
BACKGROUND
The City of Sunnyvale owns 221 Commercial Street, where the Sunnyvale Corporation Yard (Corp Yard) is currently operating, and 239 Commercial Street, where a future expansion of the Corp Yard is planned. 295 Commercial Street is a property in very close proximity and is listed for sale at $4,500,000.
EXISTING POLICY
Council Policy 1.2.7 Acquisition, Leasing and Disposition of City-Owned Real Property
Section 1: Acquisition of Real Property for Municipal Purposes
Real property shall be acquired for current or future municipal purposes, and/or to benefit the community. The City shall acquire real property in accordance with Sunnyvale Municipal Code Chapter 2.07.
Council Policy 7.1B.1.6 - Revenue Base - One-time revenues should not be used for ongoing expenditures.
Pursuant to Sunnyvale Charter Section 1305, at any meeting after the adoption of the budget, the City Council may amend or supplement the budget by a motion adopted by affirmative votes of at least four members to authorize the transfer of unused balances appropriated for one purpose or another, or to appropriate available revenue included in the budget.
ENVIRONMENTAL REVIEW
Approving the Purchase and Sale agreement for the city to acquire real property is not a project that requires review under the California Environmental Quality Act ("CEQA") pursuant to CEQA Guidelines section 15004(b)(2)(A), which provides that an agency "may enter into land acquisition agreements when the agency has conditioned the agency's future use of the site on CEQA compliance." The City's immediate plans for the site will be consistent with the existing use. The City has not yet determined any detail for future construction or expansion; future use or development of the site will be subject to ap...
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