REPORT TO COUNCIL
SUBJECT
Title
Approve the Purchase and Sales Agreement Between the City of Sunnyvale and Toll Brothers Incorporated for the Purchase of Four Privately-Owned Properties located at 396 and 402 Charles Avenue, and 397 and 403 Mathilda Avenue; Find CEQA Exemption Pursuant to Guideline 15061(b)(3); and Approve Budget Modification No.1 to Appropriate Funding
Report
BACKGROUND
The City owns six residential parcels in the downtown area located in "Block 15" of the Downtown Specific Plan (DSP). Block 15 is in the area bounded by Iowa, Charles, McKinley and Mathilda Avenue (Attachment 1 - Aerial Map of Block 15). On October 14, 2014, City Council reviewed Report to Council (RTC) 14-0753 to consider adoption of a resolution declaring the City-owned residential properties located in Block 15 as surplus property available for sale in compliance with Government Code section 54222. Council took no action that evening and tabled the item for further evaluation. Council requested more information on alternatives, including the potential to assemble additional properties before considering the City-owned properties as surplus. Additionally, City Council scheduled a closed session on November 11, 2014 to discuss price and terms for the potential purchase of the privately owned properties located at:
* 396 Charles Avenue
* 402 Charles Avenue
* 397 Mathilda Avenue
* 403 Mathilda Avenue
On November 11, 2014, City Council discussed in closed session price and terms for a possible purchase of four privately owned properties, as mentioned above. During the Public Hearing of November 11, 2014 City Council considered RTC 14-1059 (Attachment 2) to declare the City-owned parcels on Charles and Mathilda Avenue as surplus property available for sale in compliance with Government Code section 54222. Council decided not to declare the City-owned properties within Block 15 as surplus property. Instead, Staff was directed to return to Council for their consi...
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