The Council of the City of San Jose convened in Adjourned Regular Session at 2:27 p.m. for a joint meeting with the Redevelopment Agency in Council Chambers at City Hall.
Present: Council Members: Campos, Chavez, Cortese, Dando, Reed, Shirakawa Jr.; Williams, Yeager
Absent: Council Members: Diquisto, LeZotte; Gonzales (All excused).
7.1 (a) Adoption of a resolution by the City Council approving the sale of the Montgomery Hotel site (generally located between San Fernando and San Carlos) to The Montgomery Hotel Group, LLC, acceptance of the supplementary 33433 Summary Report and finding that the sale of the property will assist in the elimination of blight, that it is consistent with the Implementation Plan for the San Antonio Plazas Redevelopment Project Area, and that the consideration for the property is not less than the fair reuse value for the proposed use with the covenants and conditions and development costs authorized by the DDA.
(b) Approval by the Agency Board of an Amended and Restated Disposition and Development Agreement (DDA) with The Montgomery Hotel Group, LLC, for the development of the Montgomery Hotel as an approximately 83-room boutique hotel with a ground floor restaurant and adoption of a resolution authorizing the Executive Director to execute the DDA and ancillary documents, to close escrow and to negotiate and execute amendments to the DDA substantially in conformance with the intent of the DDA as reasonably necessary to confirm to lender requirements.
(c) Approval of a property-use and parking agreement by the Agency Board with The Montgomery Hotel Group, LLC, for the Montgomery Hotel’s use of sixty parking spaces immediately south of the Project, until such time as the Agency re quires the parcel for redevelopment.
Documents filed: (1) Memorandum from Redevelopment Agency Executive Director, Susan F. Shick, dated May 2, 2002, recommending City Council and Agency Board approval of said amended and restated DDA with the Montgomery Hotel Group, L.L.C., for the development of the Montgomery Hotel, related property use and parking agreement, and acceptance of the Supplementary 33433 Summary Report. (2) Proof of publication of Notice of Public Hearing, dated April 23, 30, 2002, submitted by the City Clerk.
Discussion/Action: Upon motion by Council Member
Chavez, seconded by Council Member Reed, and unanimously carried, Resolution No. 70963, entitled: “Resolution
of the Council of the City of San José Approving the Sale of the Montgomery
Hotel Site to the Montgomery Hotel Group, LLC, Accepting the Supplementary
33433 Summary Report and Making Certain Findings", was adopted; Redevelopment
Agency Board Resolution No. 5278 was adopted, and said property-use and parking
agreement by the Agency Board with The Montgomery Hotel Group, LLC, was
approved. Vote: 8-0-3-0. Absent:
Diquisto, LeZotte; Gonzales.
The Redevelopment Agency portion of the meeting adjourned at 2:43 p.m. and the City Council recessed to 7:08 p.m., Council Chambers, City Hall.
RON GONZALES, MAYOR
ATTEST:
PATRICIA L. O’HEARN, CITY CLERK