Title
School Allocation of 355-415 East Middlefield Road Project Community Benefits
Recommended Action
1. Upon City receipt of community benefits from the 355-415 East Middlefield Road project, commit $1.06 million (Option A-1) or $1.94 million (Option A-2) in the East Whisman Public Benefit Fund to the Mountain View Whisman School District (MVWSD) and Mountain View-Los Altos Union High School District (MVLAUHSD).
2. Upon City receipt of community benefits from the 355-415 East Middlefield Road project, authorize the City Manager to enter into an agreement with MVWSD and MVLAUHSD for City funding for intended uses and with timing and reporting requirements similar to State developer fees, to support new school facilities directly serving the East Whisman area (Option B-1) or indirectly serving the East Whisman area (Option B-2), and in an amount not to exceed $1.06 million (Option A-1) or $1.94 million (Option A-2).