...Title
Lease Agreement with San José Sports Authority for City-Owned Property Located at 93 East San Carlos Street.
...Recommendations
Adopt a resolution authorizing the City Manager or her designee to negotiate and execute:
(a) A below market rate lease agreement under City Council Policy 7-1 between the City of San José and the San José Sports Authority, a California not-for-profit organization, for the City-owned real property located at 93 East San Carlos Street;
(b) All other documents or agreements necessary to effectuate the lease agreement; and
(c) An amendment to the Agreement with San José Sports Authority to promote San José as a location for high profile sporting events and implement a comprehensive campaign of promotions and activations for the City of San José related to the Super Bowl LX (60), the 2026 NCAA Men’s West Regional basketball tournament, the 2026 FIFA World Cup and other major Bay Area sporting events through July 31, 2026, to increase the amount for the initial term of the Agreement by $500,000, for an amended total amount not to exceed $2,220,213.
CEQA: Categorically Exempt, File No. ER25-189, CEQA Guidelines Section 15301, Existing Facilities. Council Districts 3, 6. (Economic Development and Cultural Affairs)