REPORT TO STADIUM AUTHORITY BOARD
SUBJECT
Title
Study Session: Discussion of the Proposed Santa Clara Stadium Authority Fiscal Year 2025/26 Operating, Debt Service and Capital Budget and Stadium Authority Budget, Compliance and Management Policies, and Marketing Plan (Continued from February 25, 2025)
Report
BOARD PILLAR
Ensure Compliance with Measure J and Manage Levi’s Stadium
DISCUSSION
At the February 25, 2025 Stadium Authority and Special City Council Meeting, the Stadium Authority Board took action to continue the following item to March 4, 2025 due to the limited time available to respond to questions posed by the Board.
Staff has included an additional attachment (Responses to February 25, 2025 Stadium Authority Budget Study Session) to provide responses to the Stadium Authority Board’s questions. There are pending questions and ongoing discussions regarding several budget items that remain open at the time of this report that will be addressed during the Study Session and prior to the next Board meeting on March 11, 2025.
ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of a California Environmental Quality Act (“CEQA”) pursuant to the CEQA Guidelines section 15378(a) as it has no potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment. Furthermore, the action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental organizational or administrative activity that will not result in direct or indirect changes in the environment.
FISCAL IMPACT
The Proposed FY 2025/26 Budget includes $61.2 million for operating costs (includes transfers out to Debt Service and Capital Funds), $20.6 million for debt service, and $18.6 million for capital (includes a $13.4 million carryover from the prior year).
COORDINATION
This report has been coordinated with the Executive Director and Stadium Authority Counsel Offices.
PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email clerk@santaclaraca.gov, or at the public information desk at any City of Santa Clara public library.
RECOMMENDATION
Recommendation
Review and provide input, or possible Board action, on the Proposed Santa Clara Stadium Authority Fiscal Year 2025/26 Operating, Debt Service, and Capital Budget, Proposed Stadium Authority Budget, Compliance and Management Policies, and 2025 Levi’s Stadium Events Marketing Plan.
Staff
Reviewed by: Kenn Lee, Treasurer
Approved by: Jovan Grogan, Executive Director
ATTACHMENTS
1. Santa Clara Stadium Authority Proposed Fiscal Year 2025/26 Operating, Debt Service, and Capital Budget
2. Fiscal Year 2025/26 Annual Public Safety Budget
3. 2025 Levi’s Stadium Events Marketing Plan
4. Stadium Authority Board Budget Policy
5. Stadium Authority Board Compliance and Management Policy
6. RTC 25-102 from February 25, 2025 Stadium Authority Meeting
7. RTC 25-102 from February 25, 2025 Stadium Authority Meeting Presentation
8. Responses to February 25, 2025 Stadium Authority Budget Study Session