REPORT TO CITY COUNCIL
SUBJECT
Title
Declaration of Property as Exempt Surplus Land and Approval of Exclusive Negotiation Agreement with Valley Oak Partners for a Potential Land Exchange of the City Hall Civic Center Campus (1405 Civic Center Drive, APN 224-25-074) for the Agnews Office Park and Historic Site (4220 Network Circle, APNS 216-33-022 and 097-08-114) and Direction on the Formation of Community Advisory Committee
Report
BACKGROUND
Agnews VOP, LLC ("VOP") is currently Oracle Corporation's designated development partner for portions of the Agnews Office Park and Historic Site located on Network Circle in Santa Clara. In 2023, VOP submitted a residential development application for the site pursuant to provisions of State Housing Law commonly referred to as the "Builder's Remedy." The City disputes the applicability of the Builder's Remedy provisions to the proposed project, and the parties subsequently entered into a tolling agreement to allow additional time for discussions regarding potential alternative development and settlement concepts.
As part of those discussions, the City and VOP began exploring the potential for a land exchange involving the City's existing City Hall property located at 1500 Warburton Avenue and a portion of the Agnews campus. Through these preliminary discussions, the parties identified the potential opportunity to relocate City Hall operations to the Agnews campus while facilitating redevelopment of the existing City Hall site and portions of the remaining Agnews property.
Valley Oak Partners, LLC is a vertically integrated real estate operating company that focuses on investment and development opportunities throughout the San Francisco Bay Area. Founded in 2008, the company utilizes an entrepreneurial and proactive approach to identify and capture market opportunities in the highly dynamic Bay Area. Valley Oak Partners is led by a team with over 125 years of collective experience in creating local development opportun...
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