CC Resolution No. 17-120 Approving a Purchase Agreement with Patricia L. Sievert Living Trust for Real Property Located at 10301 Byrne Ave in the amount of $2,450,000, and Authorizing the City Manager to ExecuteRESOLUTION NO. 17-120
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
APPROVING A PURCHASE AGREEMENT BETWEEN THE CITY OF CUPERTINO
AND THE PATRICIA L. SIEVERT LIVING TRUST FOR REAL PROPERTY
LOCATED AT 10301 BYRNE AVENUE (APN 357-11-020) IN THE AMOUNT OF
$2,450,000, AND AUTHORIZING THE CITY MANAGER TO EXECUTE ALL
NECESSARY DOCUMENTS TO COMPLETE THE ACQUISITION
WHEREAS, the real property located at 10301 Byrne Avenue (Property), under the
ownership of the Patricia L. Sievert Living Trust, beca;me available for purchase, and the
City of Cupertino (City) considered the Property a viable public asset with benefits to
the City and the community; and
WHEREAS, the City Council authorized and directed staff to enter into negotiations with
the owners/representatives of the Property, based on certain terms and conditions; and
WHEREAS, in November of 2017, staff completed negotiations and reached an
agreement with the property owners for the purchase of the Property, consistent with
City Council's authorization, and the owners have signed a Purchase of Real Property
Agreement with the City of Cupertino on behalf of the Patricia L. Sievert Living Trust;
NOW, THEREFORE, BE IT RESOLVED that:
1. The City Council hereby approves the purchase of the property located at 10301
Byrne A venue from the Patricia L. Sievert Living Trust, in the amount of $2,450,000, and
upon other terms as set forth in the Purchase Agreement.
2. The City Manager, or his designee, is authorized to execute the Purchase
Agreement on behalf of the City of Cupertino, and to execute all of the necessary
documents to complete the acquisition of the Property and record the title and deed to
the Property.
Resolution No . 17-120
Page2
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino on the 19th day of December, 2017, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Members of the City Council
Paul, Sinks, Chang, Scharf
None
Vaidhyanathan
None
APPROVED:
~db Grace Schmit,CityClerk
c-~_p
Darcy Paul,~
City of Cupertino