San Jose Ca.Gov
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File #: 18-1489    Version: 1
Type: Redevelopment - Successor Agency Status: Agenda Ready
File created: 10/23/2018 In control: City Council
On agenda: 11/6/2018 Final action:
Title: Actions Related to a Termination Agreement and Release with Integrated Device Technology.
Attachments: 1. Memorandum, 2. Supplemental Memorandum, 11/02/2018, 3. Agreement
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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...Title

Actions Related to a Termination Agreement and Release with Integrated Device Technology.

...Recommendations

Approve a Termination Agreement and Release between the Successor Agency to the Redevelopment Agency of the City of San José and Integrated Device Technology whereby Integrated Device Technology would be paid a lump sum payment of $617,249.50 to terminate the agreements with the Successor Agency, thereby, saving the Successor Agency $264,535.50 over the life of such agreements.

CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. (Successor Agency)