COUNCIL ITEM REQUEST FORM
City of
Santa Clara
The Ce nter of Wh ot 's Possi ble
.,
. '. f i· (· , '
The Council Item Request Form is for members of the City Council to submit written requests to the City Manager's Office for inclusion of an item on a future City Council meeting agenda. At the meeting where the initial written request is heard, discussion should be limited to whether the item should be added to an agenda and a date, not the merit of the item. A majority vote of the City Council is required for the item to be added to future Council meeting agenda foraction.
CONTACT INFORMATION
Requesting Member of City Council : Suds Jain
Contact E-mail_ [email protected]_
Contact Phone 408-499-2955 _______ _
Today's Date_9/26/2022
WRITT EN REQUEST
I, Suds Jain _______ , hereby request that the following item be placed on the City of Santa Clara Council and Authorities Concurrent meeting agenda:
On August 31, 2022 the City Manager and Interim City Attorney reached an agreement to settle with the 49ers on two issues: the management agreement and payments for shared stadium expenses. There are two major dispute items that are not yet resolved: buffet costs and public safety costs.
While the settlement agreement is a public document that anyone may read, few residents know the details. What were the disputes over wage theft and financial transparency and what is the current status?
I'm requesting a study/briefing session for the public in which the terms of the settlement agreement are discussed as well as presentation of sources of revenues ( land lease, rent, naming rights, ticket surcharges for NFL and non-NFL, parking, concessions, SBL sales, etc) as well as a discussion of how the money is spent (operating expenses , public safety, capital expenses, capital expense reserve, Term A mortgage, Manco Subloan, Demolition reserve , bank loan, operating reserves, discretionary fund, general fund, etc). I would like an explanation of the waterfall through which money flows as well as the rate at which the various loans are being paid off. I'm not looking for a super detailed explanation of every penny but generally where the money comes from and how it gets to the general fund.
Reference: Council Policy 030-Adding an Item on the Agenda Resolution No. 20-8895