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CC 04-03-2024 Item No. 7. Amendment to Development Agreement Cupertino Village Boutique Hotel DA-2023-002_Staff Presentation10801 and 10805 N. Wolfe Rd April 3, 2024 Amendment to a Development Agreement for the Cupertino Village Boutique Hotel Project and associated environmental review. DA-2023-002 CC 04-03-2024 Item No. 7 Background ●Two Buildings. ●July 16, 2019, City Council Approved 185 Room Hotel. ●August 20, 2019, CC conducted the second reading to adopt a Development Agreement (DA-2017-01, Ordinance No. 19-2186) ●Effective Date November 19, 2019. ●Five-year term ends November 19, 2024. ●Vests development standards as of the effective date. ●Updated Building Codes apply. Apple ParkCupertino Village Shopping Center The Hamptons Arioso Apartments Hilton Garden Inn N. W o l f e R d . Development Agreement – Community Benefits ●Community Amenity Funding ●Transportation Demand Management (TDM) Program ●Transportation Management Association (TMA) ●Shuttle Service ●Meeting Rooms ●Reduced Rates ●Internships & Preferential Hiring ●Minimum Hotel Standard Request •Term of agreement extended to the (8th) anniversary of the Effective Date (November 19, 2027). •In the event the Developer submits for a Building Permit for the core and shell of the hotel within three (3) years of the Effective Date of the 1st Amendment, the Term of the agreement is automatically extended for two additional years, for a total of five years, i.e., until November 19, 2029. •If Certificate of Occupancy for the Project is issued within five (5) years of the Effective Date of the First Amendment (April 16, 2029) Developer shall be relieved of its obligations to make further Community Amenity Funding payments. ●Any proposed revisions to the amount of parking and/or parking layout, are treated as an Administrative Project Amendment and not subject to an amendment to this agreement. Planning Commission March 12, 2024, Planning Commission recommended (4-0, Madhdhipatla absent) that City Council adopt the proposed amendments to the Development Agreement with the following modification: ●Development Agreement to require that the project comply with the bird safe and dark sky ordinance, Cupertino Municipal Code Chapter 19.102: Glass and Lighting Standards. Environmental Assessment ●In conformance with Mitigated Negative Declaration ●CEQA guidelines Section 15162 Recommended Action Staff recommends that the City Council conduct the public hearing and conduct the first reading of the Ordinance: 1.Find the amendment to the existing development agreement consistent with the project's Mitigated Negative Declaration (State Clearinghouse No. 2018112025) and 2.Adopt the ordinance to amend the existing Development Agreement (DA-2023-002). Next Steps Second Reading is tentatively scheduled for 4/16/24.