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Item 01 SUPPLEMENTAL MATERIAL 2025-01158 Definitive Documents for Implementation of Sacramento Republic FC Preliminary Term Sheet [Updated 06/06/2025 @ 4:10 PM]

Sacramento City Council
June 10, 2025

Document
Item 01 SUPPLEMENTAL MATERIAL 2025-01158 Definitive Documents for Implementation of Sacramento Republic FC Preliminary Term Sheet [Updated 06/06/2025 @ 4:10 PM]
Meeting
June 10, 2025
Body
Sacramento City Council
Original file
182 KB
Text extracted from the city's file for reading and search. Open the original on sacramento.granicus.com. That file is the official record.

CITY COUNCIL
Kevin McCarty, Mayor
Lisa Kaplan, District 1
Roger Dickinson, District 2
Karina Talamantes, Vice Mayor, District 3
Phil Pluckebaum, District 4
Caity Maple, District 5
Eric Guerra, Mayor Pro Tem, District 6
Rick Jennings, II, District 7
Mai Vang, District 8

CHARTER OFFICERS
Mindy Cuppy, City Clerk
Susana Alcala Wood, City Attorney
Farishta Ahrary, City Auditor
Leyne Milstein , Interim City Manager
John Colville, City Treasurer

City Council
Financing Authority
Housing Authority
Public Financing Authority
Redevelopment Agency Successor Agency
City Hall Complex
915 I Street, Sacramento, CA 95814
Published by the Office of the City Clerk
(916) 808-7200

SUPPLEMENTAL MATERIAL

Description: Attached is supplemental material received after publishing the agenda. The attached exhibit replaces Exhibit B of the Master Compliance Agreement in its entirety.

For the Meeting of: Tuesday, June 10, 2025 at 2:00 p.m.

Agenda Item: Discussion Item 01

13. Definitive Documents for Implementation of Sacramento Republic FC Preliminary Term Sheet

File ID: 2025-01158

Location: Downtown Railyard, District 4

Recommendation: Pass a Resolution authorizing the Interim City Manager or designee to: 1) execute the following documents for infrastructure to support the Sacramento Republic FC Stadium, and the Central Shops renovation in the Railyards: Comprehensive Project Agreement, Team Non-Relocation Agreement, Sacramento Valley Station Purchase & Sale Agreement, Master Funding Agreement, Development Agreement Assignment & Assumption Agreement, and Master Compliance Agreement ("Definitive Documents"); 2) execute and deliver on the City's behalf any and all agreements, certificates, documents, and instruments, including but not limited to escrow agreements, referenced in or necessary to implement the Definitive Documents, subject to approval as to form by the City Attorney or designee; 3) make, execute, and deliver on the City's behalf technical, clerical and minor amendments to the Definitive Documents, subject to approval as to form by the City Attorney or her designee; 4) transfer $14M from the Sheraton Master Owner Participation Agreement Fund (Fund 2030) to the Railyards Project (I80020500); 5) increase the expenditure budget of

project I80020500 by $14M; and 6) allocating $14M from the Railyards Project for the acquisition of Lot 40 (APN 002-0290-005) and Lot 44 (APN 002-0290-006) in the Railyards.

Contact: Michael Jasso, Assistant City Manager, (916) 808-1380, [email protected]; Marco Gonzalez, Senior Development Project Manager, (916) 808-5757, [email protected]; Leslie Fritzsche, Economic Investment Manager, (916) 808-5450,
[email protected]; Office of Innovation and Economic Development

EXHIBIT B

MASTER TRANSACTION DOCUMENTS

Comprehensive Project Agreement
Agreement for Deferral of Development Fees
Team Non‐Relocation Agreement
Agreement of Purchase and Sale (Lots 40 and 44 Railyards) Master Funding Agreement for Railyards EIFD
Partial Assignment and Assumption Agreement
Funding Obligations Agreement
Master Lease for Digital Billboards (DRV)
Master Lease for Digital Billboards (Indomitable)
Purchase Agreement (East of 7th Parcel), including all additional documents referenced and required therein executed by a party(ies) as part of closing.

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