Title
Economic Development Subsidy Report and Amended and Restated Disposition and Development Agreement and Amended and Restated Ground Leases for Hope Street Lots 4 and 8
Recommended Action
1. Hold a public hearing regarding an economic development subsidy report pursuant to California Government Code Section 53083 and provide to the public the information contained in Attachment 1 to the Council report.
2. Adopt a Resolution of the City Council of the City of Mountain View Approving Business Terms for and Authorizing the City Manager or Designee to Execute an Amended and Restated Disposition and Development Agreement and Amended and Restated Ground Leases Between the City of Mountain View and RGC Mountain View I, LLC, for the Development of Hope Street Lots 4 and 8; Making Findings for the Amended and Restated Ground Leases to Exceed Fifty-Five Years; and Finding that the Approval Does Not Constitute a Project Pursuant to the California Environmental Quality Act, to be read in title only, further reading waived (Attachment 2 to the Council report).