City of Santa Clara - File #: 18-468

• File #: 18-468
• Version: 1
• Type: Public Hearing/General Business
• Status: Agenda Ready
• File created: 4/12/2018
• In control: Council and Authorities Concurrent Meeting
• On agenda: 6/12/2018
• Title: 4:30 PM Special Council Meeting: Consideration of the Key Terms of an Option Agreement with Park Central Apartments L.P. for the Franklin and Washington Street Right-of-Way Easement Acquisition

Date	Ver.	Action By	Action	Result
6/12/2018	1	Council and Authorities Concurrent Meeting	Approved	Pass

REPORT TO COUNCIL
SUBJECT
Title
4:30 PM Special Council Meeting: Consideration of the Key Terms of an Option Agreement with Park Central Apartments L.P. for the Franklin and Washington Street Right-of-Way Easement Acquisition

Report
BACKGROUND
Over the last year, the City and Community have actively explored the opportunity of revitalizing Downtown Santa Clara. One of the key elements of both the community's vision and preliminary land use work completed by staff (presented to the Downtown Revitalization Committee), was to restore the street grid system (Attachment 1.)

The City does not have a Council approved plan for downtown, but the Council will consider a project to develop a Precise Plan for downtown as part of the 2018/19 Proposed Capital Budget. Similarly, the City has not set aside funds in the past to draw down from in order to advance the implementation of this effort. This proposed Downtown Precise Plan would include elements such as financial analysis, development potential, and a transportation network. Although a plan still needs to be developed, it is anticipated that part of the vision would include restoring the street grid system, including constructing Franklin and Washington streets to two-lane roads (one-lane in each direction) with parking and sidewalks.

The reconstruction of Franklin Street could be the most difficult street to restoring the street grid. It is over 1500 feet long, and the envisioned street alignment contains land owned by multiple property owners (Attachment 2). Some portions of the future Franklin Street are on property owned by the City (Attachment 3), however, they are currently leased to private operators, and the leases don't expire until 2021 and 2022. Ultimately, rebuilding the grid would be a multi-year effort, with interim/phased construction, and would require the redevelopment and participation of private property owners that do not necessarily need to agree to participate.

A significant portion of...