01. Closed Session (not confidential)
City Hall
10300 Torre Avenue
Cupertino, CA 95014-3255
(408) 777-3354
FAX: (408) 777-3333
CITY OF
CUPEIUINO
PUBLIC WORKS DEPARTMENT
Memorandum
AGENDA ITEM
AGENDA DATE: December 6, 2006
SUBJECT AND ISSUE
Results of land auction of surplus property, December 5, 2006.
BACKGROUND
City staff held an auction last night with the intent to sell city-owned vacant property on
San Juan Road in Cupertino and Ontario Drive in Sunnyvale. There were two bidders on
the San Juan Road lot. The highest bidder is William Choe of Turin Development with a
final bid amount of $980,000. The minimum bid was $900,000. There were no bids
received for the lot on Ontario Drive.
It is recommended that the City Council accept the highest bid from William Choe for the
San Juan lot and authorize staff to secure a real estate broker to sell the remaining lot on
Ontario Drive in Sunnyvale.
Submitted by:
Approved for submission:
'-1LA u u uUt; ~
Ralph A. Qualls, Jr. C/.
Director of Public Works
~
David W. Knapp
City Manager
Printed on Recycled Paper