MINUTES OF THE JOINT REDEVELOPMENT AGENCY

CITY COUNCIL MEETING

SAN JOSÉ, CALIFORNIA TUESDAY, JANUARY 28, 2003

The Council of the City of San José convened in adjourned regular session at 2:42 p.m. in City Council Chambers at City Hall for a joint meeting with the Redevelopment Agency Board.

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

Absent: Council Members - None.

7.1 (a) Adoption of a resolution by the City Council:

(1) Accepting the summary and findings of the Summary 33433 Report, pursuant to California Health and Safety Code Section 33433, for the lease of approximately 11,860 square feet of retail space located at 288 South Street, within the public garage on the north side of East San Carlos between South Second Street and South Third Street, to Camera Cinemas Management Corporation, a California corporation, making certain finding and approving the lease; and

(2) Approving a Master Lease between the Redevelopment Agency and the City for the Premises, for a twenty-year term, and two five-year options; and

(3) Approving a Parking Agreement between the Redevelopment Agency, the City and the Tenant, setting forth the rights of the Tenant with respect to the patron parking in the public garage.

(b) Adoption of a resolution by the Redevelopment Agency Board:

(1) Approving a Lease between the Tenant and the Redevelopment Agency for the Premises, for an initial term of twenty years with two five-year options; and

(2) Approving a Master Lease between the Redevelopment Agency and the City for the Premises, for a twenty-year term and two five-year options; and

(3) Approving a Parking Agreement between the Redevelopment Agency, the City and the Tenant, setting forth the rights of the Tenant with respect to patron parking in the public garage; and

(4) Approving a Purchase and Sale Agreement between the Redevelopment Agency and James E. Zuur, Mary Ellen Bohnsack, Jack E. NyBlom, Raphaela NyBlom and Dennis Skaggs, Trustor, for the sale to the Redevelopment Agency of the real property located at 366 South First Street for a purchase price of $1,020,000; and

(5) Approving such other related documents, as referenced in the Lease, and authorizing the Executive Director to negotiate and execute such documents, where applicable, and authorizing the Executive Director to make minor amendments to the Lease documents as necessary.

CEQA: Resolution No. 68839. PP03-01-011.

Documents Filed: None.

Discussion/Action: This item was deferred.

7.2 (a) Approval of a Purchase and Sale Agreement with Florence Tainaka in the aunt of $550,000, plus related closing costs, for the acquisition of the property located at 152-154 Post Street for a parking garage.

(APN: 259-40-013)

(b) City Council and Redevelopment Agency Board approval of the Parking Fund as an alternate funding source for the acquisition of the Post Street properties located on the Greyhound proposed parking garage site.

CEQA: Resolution No. 68839.

Documents Filed: None.

Discussion/Action: This item was deferred.

ADJOURNMENT

The Joint City Council and Redevelopment Agency Board meeting adjourned at 2:43 p.m.

RON GONZALES, MAYOR

ATTEST:

PATRICIA L. O’HEARN, CITY CLERK

EW/1-28-03