CC 06-18-2024
#12
Consider acquisition of
property located at 19400
Stevens Creek Blvd
Supplemental Report
Lead Negotiator for a
Property Transaction
CITY COUNCIL MEETING
June 18, 2024
• Aging infrastructure,
seismic deficiencies,
inadequate space
• Subcommittee and
Council discussions
about this topic since
2022
• Cost of renovation
estimated at $27.5 M,
cost of a new City Hall
estimated at $80 M
Background
Prior Council Direction
• November 15, 2022: include a City Hall retrofit
project in the CIP
• February 21, 2023: suspend work on renovation plan
and explore options for a new City Hall
• October 17, 2023: pursue conceptual development
with financing strategies for new or renovated City
Hall; bring back examples of public private
partnership projects and pursue potential
partnerships
• Turnkey office space located at 19400
Stevens Creek Boulevard
• 1.2-acre lot, 20,700 square feet of office
• Accessible location for the community
• Could serve as an interim City Hall while
potential partnership and funding options
are explored for current site
Key Elements and Opportunities
Authorize the City Manager to act as the
lead negotiator for purchase of the property
located at 19400 Stevens Creek Boulevard
Recommendation
Lead Negotiator for a
Property Transaction