...Title
Actions Related to the Agreement with San José Arena Management, LLC for SAP Center at San José, Sharks Ice, LLC for Sharks Ice at San José and Tech CU Arena, and Memorandum of Understanding with Sharks Sports & Entertainment and Associated Agreements.
...Recommendations
(a) Approve the Third Amended and Restated Arena Management Agreement between the City of San José and San José Arena Management, LLC, for the property commonly known as SAP Center located at 525 West Santa Clara Street, in San José, California, the term of which extends through June 30, 2051, including all attachments and ancillary documents contained in that agreement and subject to the terms contained therein.
(b) Approve the Memorandum of Understanding related to the Arena District Agreement, prescribing an evaluation and negotiation period from execution of the proposed Arena Management Agreement through March 31, 2027, with a defined goal of identifying a Future Arena Location and executing an Arena District Agreement for the new Arena District no later than September 1, 2027.
(c) Adopt a resolution authorizing the City Manager, or her designee, to negotiate and execute:
(1) A First Amendment to the Second Amended and Restated Ice Centre Lease and Management Agreement between the City of San José and Sharks Ice, LLC, for the property commonly known as Sharks Ice at San José and Tech CU Arena located at 1500 South 10th Street, in San José, California, the term of which extends through June 30, 2051, consistent with terms discussed in this Memorandum; and
(2) A property use agreement between the City and San José Arena Management, LLC for employee parking and storage on property located along Sharks Way (formerly West Saint John Street) between North Autumn Street and North Montgomery Street, consisting of Assessor’s Parcel Numbers (APNs) 259-29-091, 259-29-001, 259-29-002, 259-29-003, and pending the City’s acquisition, APNs 259-29-004, and 259-29-005; and
(3) A five-year option a...
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