CC Resolution No. 18-103 Amending FY 18-19 Annual Operating Budget to Appropriate $200,000 to Public Works to Conduct a Request for Proposals and Retain a Consultant to Conduct a Market and Operations Feasibility Study for...RESOLUTION NO. 18-103
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO
AMENDING FY18/19 ANNUAL OPERATING BUDGET TO APPROPRIATE
$200,000 TO PUBLIC WORKS TO CONDUCT A REQUEST FOR PROPOSALS AND
RETAIN A CONSULTANT TO CONDUCT A MARKET AND OPERATIONS
FEASIBILITY STUDY FOR A PERFORMING ARTS CENTER
WHEREAS, the City of Cupertino (City), a municipal corporation and general law city
duly organized and existing under and pursuant to the laws of the State of California is
authorized to request proposals and to enter into contracts on its behalf and for the benefit
of the City; and
WHEREAS, on October 2, 2018, the City Council conducted the second reading
approving the Valko Town Center Specific Plan and Development Agreement, which
included a provision for the developer to construct a 60,000 square foot core and warm
shell for a Performing Arts Center, or to provide the City with a payment of $22,800,000
in-lieu of constructing a Performing Arts Center within the Valko Town Center project;
and
WHEREAS, under the approved Development Agreement, the City is obligated to
perform a market and operations feasibility study for the Performing Arts Center; and
WHEREAS, the City desires to hire a consultant for professional services to prepare the
market and operations feasibility study for the Performing Arts Center; and
WHEREAS, the Development Agreement obligates the City to begin the market and
operations feasibility study within ninety (90) days of the effective date of the
Development Agreement;
NOW, THEREFORE, THE CUPERTINO CITY COUNCIL RESOLVES AS FOLLOWS:
1. The FY 18/19 Operating Budget is amended to appropriate $200,000 to Public
Works Capital Improvement account for the purpose of hiring a consultant to
prepare a market and operations feasibility study for a Performing Arts Center.
CC Re solution No. 18-103
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PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Cupertino this 16th day of October 2018, by the following vote:
Vote
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Members of the City Council
Sinks, Chang, Vaidhyanathan
Paul
Scharf
None
APPROVED:
Grace Schmidt, City Clerk