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CC 04-03-2024 Item No. 8. Amendment to Development Agreement De Anza Hotel Project DA-2023-003_Staff Presentation10931 N De Anza Blvd April 3, 2024 Amendment to a Development Agreement for the De Anza Hotel Project and associated environmental review. DA-2023-003 CC 04-03-2024 Item No. 8 Background ●Goodyear Tires. ●March 3, 2020 City Council Approved 155 Room Hotel. ●April 21, 2020, CC conducted the second reading to adopt a Development Agreement (DA-2018-01, Ordinance No. 20-2195) ●Effective Date April 21, 2020. ●Five-year term ends April 21, 2025. ●Vests development standards as of the effective date. ●Updated Building Codes apply. Development Agreement – Community Benefits ●Community Amenity Funding ●Shuttle Service ●Meeting Rooms ●Rooftop Amenity ●Minimum Hotel Standard Request •Term of agreement extended to the (8th) anniversary of the Effective Date (April 21, 2028). •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 April 21, 2030. •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. 2019079010) and 2.Adopt the ordinance to amend the existing Development Agreement (DA-2023-003). Next Steps Second Reading is tentatively scheduled for 4/16/24.