Exhibit CC 02-15-2011 Item No. 20 Agency Reso Vallco
RESOLUTION NO. 11- ___
A RESOLUTION OF THE CITY OF CUPERTINO REDEVELOPMENT
AGENCY, AUTHORIZING THE EXECUTIVE DIRECTOR TO
NEGOTIATE AND EXECUTE A PUBLIC IMPROVEMENTS
AGREEMENT SUBSTANTIALLY SIMILAR TO THE FORM
AGREEMENT ATTACHED HERETO WITH THE CITY OF CUPERTINO
AND VALLCO SHOPPING MALL, LLC AND MAKING CERTAIN
FINDINGS RELATED THERETO
The City of Cupertino Redevelopment Agency 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
n
Plan 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
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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 of Cupertino Redevelopment Agency
as follows:
1. All the Recitals above are true and correct and incorporated herein.
2. The Agency 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 Agency 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 Agency 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.
5. The Agency hereby authorizes the Agency Executive Director to negotiate and
execute a public improvements agreement substantially similar to the form Agreement attached
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hereto for the funding and completion of the Public Infrastructureand execute such Agreement
on behalf of the Agency, with such revisions as are reasonably determined necessary by the
Agency signatory, such determination to be conclusively deemed to have been made by the
execution of the Agreement by the Agency signatory. The Agency Executive Director 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.
6. The Agency hereby approves and appropriates (to the extent not already
appropriated) the amounts necessary to fund the Agency's obligations under the Agreement as a
lawful expenditure of Agency funds under the Law. The Agency's current fiscal year budget is
hereby amended to the extent necessary to implement the foregoing appropriation.
7. The Agency Executive Director is hereby authorized and directed to file Notices
of Exemption with respect to the Agreement in accordance with the applicable provisions of
CEQA.
8. The Agency Executive Director is hereby authorized to take such further actions
as may be necessary or appropriate to carry out the Agency's obligations pursuant to this
Resolution and the Agreement.
9. The Agency Secretary shall certify to the adoption of this Resolution.
10. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED at a regular meeting of the City of Cupertino Redevelopment
Agency this 15th day of February, 2011, by the following vote:
Vote Members of the Redevelopment Agency
YES:
NOES:
ABSENT:
ABSTAINED:
ATTEST: APPROVED:
Secretary, City of Cupertino Chairperson, City of Cupertino
Redevelopment Agency Redevelopment Agency
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