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Exhibit CC 02-15-2011 Item No. 20 Council Reso Vallco RESOLUTION NO. 11- ___ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO, AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE A PUBLIC IMPROVEMENTS AGREEMENT SUBSTANTIALLY SIMILAR TO THE FORM AGREEMENT ATTACHED HERETO WITH THE CITY OF CUPERTINO REDEVELOPMENT AGENCY AND VALLCO SHOPPING MALL, LLC AND MAKING CERTAIN FINDINGS RELATED THERETO The City Council of the City of Cupertino resolves as follows: WHEREAS, the City Council of the City of Cupertino ( adopted and amended, from time to time, the Redevelopment Cupertino Vallco Redevelopment WHEREAS, the City of Cupertino various activities in its efforts to remove the blighting conditions that still remain in the Project Area; and WHEREAS, in keeping with the goals of the Agency to eliminate blight and reduce physical ntation City, the Agency and Vallco Shopping Mall, LLC ("Developer") desire to enter into file with the City Clerk and the Agency Secretary) through which, in connection with certain improvements to the Vallco Shopping Mall ("Project"), the Developer shall install certain public infrastructure projects ("Public Infrastructure") to alleviate blighting conditions in the Project Area and shall be reimbursed with Agency funds held by the City as set forth in the proposed Agreement; and WHEREAS, the Project and the Public Infrastructure improvements are located within the Cupertino Vallco Redevelopment Project Area ("Project Area"); and WHEREAS, the Public Infrastructure improvements and the Project are consistent with the City's General Plan, applicable zoning requirements, the Implementation Plan and the Redevelopment Plan, and will promote the goals and objectives of the Redevelopment Plan to revitalize the Project Area; and WHEREAS, under the California Redevelopment Law (Health and Safety Code Section 33100 et seq.; the "Law"), before the Agency can expend money for public improvements, the Agency and the City Council must make specified findings pursuant to Health and Safety Code Sections 33421.1 and 33445; and 1 394\01\943073.1 WHEREAS, pursuant to 33220(b) and (c) of the Law, the City is authorized to enter into this Agreement to assist the Agency in causing the Public Infrastructure to be installed in the Project Area; and WHEREAS, it is impractical from an architectural, engineering and construction standpoint to separately construct the Public Infrastructure improvements because of their physical interrelationship with the privately-owned improvements to be constructed by the Developer as part of the Project, and that the construction of the Public Infrastructure pursuant to this Agreement would result in a lower public cost and greater benefit than if such Public Infrastructure were separately bid and constructed by the Agency or the City; and WHEREAS, the City has previously determined that the Public Infrastructure improvements are exempt from California Environmental Quality Act pursuant to CEQA Guideline 15304; and WHEREAS, the staff report accompanying this Resolution, the Redevelopment Plan, the report to City Council accompanying the Redevelopment Plan, and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based. NOW, THEREFORE BE IT RESOLVEDby the City Council of the City of Cupertino as follows: 1. All the Recitals above are true and correct and incorporated herein. 2. The City Council hereby finds and determines that provision of the Public Infrastructure is necessary to effectuate the purposes of the Redevelopment Plan and therefore, pursuant to 33421.1 of the Law, approves the Agency's provision of public improvements for a commercial site which the owner or operator of the site might otherwise be obliged to provide. 3. In compliance with Section 33445 of the Law, the City Council hereby finds and determines that: (a) the installation or construction of the Public Infrastructure is of benefit to the Project Area by helping to eliminate blight within the Project Area; (b) no other reasonable means of financing the installation or construction of the Public Infrastructure are available to the community; and (c) the appropriation and payment of funds by the Agency for the cost of the Public Infrastructure is consistent with the Agency's current Implementation Plan. 4. The City Council consents to the Agency expenditures as called for in the Agreement for the Public Infrastructure. 5. The City Council hereby finds and determines that it is impractical from an architectural, engineering and construction standpoint to separately construct the Public Infrastructure improvements because of their physical interrelationship with the private improvements to be constructed by the Developer as part of the Project, and that the construction of the Public Infrastructure pursuant to this Agreement would result in a lower public cost and greater benefit than if such Public Infrastructure were separately bid and constructed by the Agency or the City. 2 394\01\943073.1 6. The City Council hereby authorizes the City Manager to negotiate and execute a public improvements agreement substantially similar to the form Agreement attached hereto for the funding and completion of the Public Infrastructure, and execute such Agreement on behalf of the City, with such revisions as are reasonably determined necessary by the City signatory, such determination to be conclusively deemed to have been made by the execution of the Agreement by the City signatory. The City Manager is authorized to implement the Agreement and take all further actions and execute all other documents which are necessary or appropriate to carry out the Agreement. 7. The City Council hereby approves and appropriates (to the extent not already appropriated) the amounts necessary to fund the City's obligations under the Agreement, if any. The City's current fiscal year budget is hereby amended to the extent necessary to implement the foregoing appropriation. 8. The City Manager is hereby authorized and directed to file Notices of Exemption with respect to the Agreement in accordance with the applicable provisions of CEQA. 9. The City Manager is hereby authorized to take such further actions as may be necessary or appropriate to carry out the City's obligations pursuant to this Resolution and the Agreement. 10. The City Clerk shall certify to the adoption of this Resolution. 11. This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 15th day of February, 2011, by the following vote: Vote Members of the City Council YES: NOES: ABSENT: ABSTAINED: ATTEST: APPROVED: City Clerk, City of Cupertino Mayor, City of Cupertino 3 394\01\943073.1