San Jose Ca.Gov
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File #: 19-828    Version: 1
Type: Community & Economic Development Status: Agenda Ready
File created: 9/10/2019 In control: City Council
On agenda: 9/24/2019 Final action:
Title: Actions Related to the Revenue Capture Agreement with eBay Inc.
Attachments: 1. Memorandum, 2. Presentation, 3. Memorandum from Esparza, Carrasco & Jimenez, 9/20/2019, 4. Memorandum from Foley, 9/23/2019, 5. Letters from the Public

...Title

Actions Related to the Revenue Capture Agreement with eBay Inc.

...Recommendations

(a) Conduct a Public Hearing pursuant to California Government Code Section 53083 in connection with a Revenue Capture Agreement between the City and eBay Inc. (eBay).

(b) Adopt a resolution authorizing the City Manager to negotiate and execute a Revenue Capture Agreement between the City and eBay from October 1, 2019 - June 30, 2034, which allows the City to capture additional sales tax revenues and to make certain payments to eBay equal to 30% of the increased revenues to the City in excess of the minimum sales tax threshold of $5 million, increased by 3% annually, as set forth herein.

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

TO BE HEARD IMMEDIATELY AFTER CONSENT