MINUTES OF THE CITY COUNCIL

SAN JOSÉ, CALIFORNIA TUESDAY, APRIL 22, 2002

The Council of the City of San José convened at 2:49 p.m. to consider Item 7.1 in a joint session with the Redevelopment Agency Board.

Present: Council Members - Campos, Chirco, Cortese, Dando, Gregory, LeZotte, Reed, Williams, Yeager; Gonzales

Absent: Council Members - Chavez (Excused).

7.1 Adoption of resolutions:

(a) By the City Council approving the disposition of a portion of the North Keystone Block (APN-259-20-061), generally the northwest corner of Bassett and North First Streets, to North Keystone Limited, accepting the 33433 Summary Report and Re-Use Appraisal, and finding that the disposition of the property will assist in the elimination of blight, is consistent with the Julian Stockton Redevelopment Project Area objectives, 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 Disposition and Development Agreement,

(b) By the Agency board approving the DDA and Schematic Design drawings and authorizing the Executive Director to execute ancillary documents contemplated by the DDA and to close escrow and convey the Property subject to compliance with the terms of the DDA, and to negotiate and execute amendments to the DDA substantially in conformance with the intent of the DDA as reasonably necessary.

CEQA: Resolution No 68839. PP03-03-094 [JULIAN STOCKTON]

Documents Filed: Memorandum from Redevelopment Agency Executive Director Susan Shick, dated April 22, 2003, recommending adoption of resolutions approving said agreement pertaining to the Julian Stockton Redevelopment Project Area objectives.

Discussion/Action: William Garbett spoke on the item. Upon motion by Council Member Yeager, seconded by Council Member Cortese, and unanimously carried, Resolution No. 71513, entitled: “A Resolution of the Council of the City of San José Approving the disposition of a Portion of the North Keystone Block (APN 259-20-061) to North Keystone Limited; Accepting the 33433 Summary Report and Re-Use Appraisal; Making Certain Findings”, and Redevelopment Agency Resolution No. 5402 were adopted. Vote: 9-0-1-1. Absent: Chavez. Disqualified: Gonzales.

ADJOURNMENT

The Council of the City of San José and the Redevelopment Agency Board adjourned the Joint Redevelopment Agency Council meeting at 2:54 p.m.

RON GONZALES, MAYOR

ATTEST:

PATRICIA L. O’HEARN

CITY CLERK

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