1000 W. Maude Avenue, Sunnyvale, CA 94085
January 26, 2022
City Manager’s Office
City of Mountain View
500 Castro Street
P.O. Box 7540
Mountain View, CA 94039-7540
Attn: Kimbra McCarthy
Re: Development Agreement dated March 10, 2019 by and between the City of Mountain View and LinkedIn Corporation; Extension of Term
Dear Ms. McCarthy:
The City of Mountain View (the “City”) and LinkedIn Corporation (“LinkedIn”) entered into that certain Development Agreement dated March 10, 2019 (the “Development Agreement”) with respect to the LinkedIn Middlefield Campus project located at 1100 West Maude Avenue, 700 East Middlefield Road and 800 East Middlefield Road (the “Project”). Each initially capitalized term that is not defined in this letter has the meaning given such term in the Development Agreement.
Section 1.3 of the Development Agreement provides for an initial Term of seven years from the Effective Date and gives LinkedIn with the right to extend the Term for an additional three years if a certificate of occupancy has been issued for at least one building in the Project and LinkedIn delivers $150,000 to the City prior to the expiration of the Term. LinkedIn received a certificate of occupancy for Building 1 in the Project on December 21, 2021.
LinkedIn will remit payment to The City of Mountain View by wire transfer in the amount of $150,000. LinkedIn hereby exercises its right to extend the Term for such three-year period.
The Effective Date occurred, and the Term of the Development Agreement commenced, on January 10, 2019. By letter dated May 29, 2020, we notified the City that, in accordance with Section 6.3 of the Development Agreement, the Term was extended for 48 days, to February 27, 2026, due to the pandemic-related moratorium on construction imposed last year. With the additional three-year extension exercised by this letter, the Term of the Development Agreement will now expire on February 27, 2029.
Please contact me if you have any questions.
Sincerely,
Brett Hautop
Vice President, Workplace
DocuSign Envelope ID: 84AED7C0-11F3-4002-90EE-732B84FACE53 ATTACHMENT 4 1000 W. Maude Avenue, Sunnyvale, CA 94085
cc:
Office of the City Attorney
City of Mountain View
500 Castro Street
P.O. Box 7540
Mountain View, CA 94039-7540
Attn: City Attorney
Community Development Department
City of Mountain View
500 Castro Street
P.O. Box 7540
Mountain View, CA 94039-7540
Attn: Assistant City Manager/Community Development Director Paul Hastings LLP
515 South Flower Street, 25th Floor
Los Angeles, CA 90071
Attn: Mitchell B. Menzer
DocuSign Envelope ID: 84AED7C0-11F3-4002-90EE-732B84FACE53