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File #: 18-1217    Version: 1
Type: Community & Economic Development Status: Agenda Ready
File created: 9/4/2018 In control: City Council
On agenda: 9/18/2018 Final action:
Title: Action Related to the Purchase and Sale of 1123 Coleman Avenue.
Attachments: 1. Memorandum, 2. Replacement Resolution, 3. Letters from the Public, 4. Letters from the Public 2
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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...Title

Action Related to the Purchase and Sale of 1123 Coleman Avenue. 

...Recommendations

Adopt a resolution:

(a)                     Declaring the City property located at 1123 Coleman Avenue, APN 230-46-084 plus portions of AP 230-46-071 and APN 230-46-072, surplus to the needs of the City.

(b)                     Authorizing the City Manager to negotiate and execute a Purchase and Sale Agreement with Coleman Airport Partners for approximately 12.674- acres of land located at 1123 Coleman Avenue, APN 230-46-084 plus portions of AP 230-46-071 and APN 230-46-072, as well as any related documents necessary to effectuate the land transaction consistent with the attached Term Sheet. The sale price is $24,843,575 or $45 per square foot of land.

CEQA: Determination of Consistency with the FMC/Coleman Avenue Environmental Impact Report (SCH# 1999122059), the Airport West Stadium and Great oaks Place Project Environmental Impact Report (SCH# 2009052053), the Envision San José 2040 General Plan Final Environmental Impact Report (SCH# 2009072096), the Envision San José 2040 General Plan Final Supplemental Environmental Impact Report (SCH# 2009072096), and addenda thereto (File No. PP18-083). Council District 3. (Economic Development)