Title:
Title
Approval of 1) a Community Benefits Partnership Agreement with the Regents of the University of California on behalf of its Davis Campus and Wexford Development, LLC and 2) a Preliminary Term Sheet for Public Financing Assistance for Aggie Square Phase 1 [TO BE DELIVERED]
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FileID
File ID: 2021-00349
Location
Location: University of California Davis Sacramento Campus, Stockton Boulevard and 2nd Avenue, District 5 and District 6
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Recommendation:
Recommendation
1) Adopt a Resolution authorizing the City Manager or the City Manager's designee to enter into the following agreements for the Aggie Square Project on the City's behalf: a) a Community Benefits Partnership Agreement with the Regents of the University of California on behalf of its Davis campus ("Regents") and Wexford Development, LLC ("Wexford"); and b) a Preliminary Term Sheet for Public Financing Assistance of Aggie Square Phase 1 with the Regents and Wexford; and 2) adopt a Resolution approving an Addendum to the Environmental Impact Report for the University of California Davis Sacramento Campus 2020 Long Range Development Plan.
FileName
Contact: Michael Jasso, Assistant City Manager, (916) 808-1380; Leslie Fritzsche, Economic Investment Manager, (916) 808-5450, Office of Innovation and Economic Development, Office of the City Manager; John Dangberg, (916) 995-1222, Dangberg Consulting Services
Body
Presenter: Leslie Fritzsche, Economic Investment Manager, (916) 808-5450, Office of Innovation and Economic Development, Office of the City Manager
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Attachments:
1-Description/Analysis
2-Regional Economic and Fiscal Impact Study Summary
3-Resolution (EIR Addendum)
4-Exhibit A (EIR Addendum)
5-Exhibit B (Statement of Overriding Policy Considerations
6-Resolution (Community Benefits Partnership Agreement and Preliminary Business Term Sheet
7-Exhibit A (Community Benefits Partnership Agreement)
8-Exhibit B (Preliminary Business Term Sheet)
Description...
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