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Mixed-Use Development at 843-903 Castro Street, 700 West El Camino Real, and 750 Fairmont Avenue
Recommended Action
1. Adopt a Resolution of the City Council of the City of Mountain View Ordering the Conditional Vacation of the Existing Public Street Known as Fairmont Avenue, Between Castro Street and Hope Street, and a Five-Foot Street and Utility Easement Thereon, to be read in title only, further reading waived (Attachment 1 to the Council report).
2. Adopt a Resolution of the City Council of the City of Mountain View Declaring the City-owned Portion of Fairmont Avenue, Between Castro Street and Hope Street, to be Exempt Surplus Land Pursuant to Government Code Section 54221(f)(1)(E) Upon the Vacation of Fairmont Avenue as a Public Street and Public Easement, to be read in title only, further reading waived (Attachment 2 to the Council report).
3. Approve the Key Terms for the Sale of Approximately 11,028 Square Feet of a Former City Street and Easements Upon the Vacation of Fairmont Avenue Between Castro Street and Hope Street to Castro GPRV 10, LLC for $4,200,000, and Authorize the City Manager or Designee to Execute a Purchase and Sale Agreement and Take All Necessary Actions Related to the Sale of the City-owned Fairmont Avenue, Between Castro Street and Hope Street, to Castro GPRV 10, LLC.
4. Adopt a Resolution of the City Council of the City of Mountain View Conditionally Approving a Planned Community Permit and Development Review Permit to Construct an Eight-Story Mixed-Use Development with 140 Residential Condominium Units, 9,743 Square Feet of Ground-Floor Commercial Space and Two Levels of Below-Grade Parking, Utilizing State Density Bonus Law, Replacing Existing Commercial Properties and Four Residential Units, a Provisional Use Permit to Allow Residential Uses (On Upper Floors Only) Along the Castro Street Frontage, and a Heritage Tree Removal Permit to Remove Seven Heritage Trees on a 1.43-Acre Site Located at 843-903 Castro Stree...
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