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Presentation to Council 20220215

Sunnyvale City Council
February 15, 2022

Document
Presentation to Council 20220215
Meeting
February 15, 2022
Body
Sunnyvale City Council
Original file
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Text extracted from the city's file for reading and search. Open the original on legistar.granicus.com. That file is the official record.

Lease of 35.4 acres for
Sunnyvale Golf Course
Chip Taylor, Director of Public Works
Council Public Hearing, February 15, 2022
2City of Sunnyvale – Council Public Hearing – Manzano Way – February 15, 2022 Map

3City of Sunnyvale – Council Public Hearing – Manzano Way – February 15, 2022 Property Information
• Owned: 91.9 acres
• Leased: 35.4 acres since
1966
• Total: 127.3 acres
• 18 Hole Golf Course
• 4 Holes on leased property
• 35.4 ac is added to open
space total
4City of Sunnyvale – Council Public Hearing – Manzano Way – February 15, 2022 • Term: 8 years and 10 months – No termination for
convenience
• Start Date: May 24, 2022
• End Date: March 30, 2030
• Rental Rate: 1st year: $66,438 - Same rate we are
currently paying
• Rent Escalations: CPI every year - not less than 1% or more than 3%
Lease Terms
5City of Sunnyvale – Council Public Hearing – Manzano Way – February 15, 2022 Authorize City Manager to execute the Sublease
between Planetary Ventures, LLC and City and City of
Sunnyvale in substantially the same form as Attachment
1 to the report.

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