REPORT TO COUNCIL
SUBJECT
Title
Action to Waive Second Reading and Adopt Ordinance No. 2074 to Approve a Development Agreement Between the City of Santa Clara and Kylli, Inc. for the Property Located at 4995 Patrick Henry Drive and 3005 Democracy Way, Santa Clara
Report
BACKGROUND
At the November 19, 2024 Council meeting, proposed Ordinance No. 2074 was passed for the purpose of publication. Pursuant to City Charter Sections 808 and 812, a summary of proposed Ordinance No. 2074 was published to the Santa Clara Weekly on November 27, 2024, and copies were posted in three public places.
DISCUSSION
The proposed ordinance would adopt the Development Agreement (DA) for the Mission Point Project, a mixed-use redevelopment of a 48.6-acre site located on the south side of Tasman Drive between Old Ironsides Drive to the east, Patrick Henry Drive to the west, and the right-of-way associated with the Hetch Hetchy aqueduct to the south. The Developer, Kylli Inc., would construct 1.8 million square feet of residential uses (up to 1,800 units), 3 million square feet of office/research-and-development, approximately 100,000 square feet of retail, and approximately 10,000 square feet of childcare facilities. A portion of the site could be used for additional residential units (up to 800 more units, for a total of 2,600) with a corresponding reduction of office/research and development uses (by 800,000 square feet). On November 19, the Council approved a General Plan Amendment, Planned Development Rezoning, Vesting Tentative Subdivision Map, and Environmental Impact Report for the Project, and introduced the proposed ordinance.
The term of the Development Agreement is ten years, with up to three five-year extensions. The DA would provide an array of community benefits to the City, including (1) 15% of the units at an average affordability level of 80% AMI (rather than 100%), (2) a minimum 10,000 sf grocery store, (3) a minimum 8,000 sf childcare center, (4) 1.5 acres of p...
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