Acquisition of 922 E. California Avenue
Chip Taylor, Director of Public Works
City Council Public Meeting April 9, 2024
2City of Sunnyvale – Council Public Meeting – April 9, 2024 – 922 E. California Avenue Area Map
3City of Sunnyvale – Council Public Meeting – April 9, 2024 – 922 E. California Avenue •Lot size: 0.5 acres (21,780 sf)
•Building size: 7,780 sf (Remodeled)
•Zoning: MS (Industrial & Service)
•Proximity to Corp Yard
•Allows more efficient Corp Yard
Master Planning and construction
922 E. California Avenue Property Information
4City of Sunnyvale – Council Public Meeting – April 9, 2024 – 922 E. California Avenue Acquisition Terms
• Purchase price $4,356,800
• Deposit $100,000
• Due diligence – to be negotiated with seller
• Closing – to be negotiated with seller
5City of Sunnyvale – Council Public Meeting – April 9, 2024 – 922 E. California Avenue Recommendation
Alternative 1:
Authorize the City Manager to execute the Purchase and Sale Agreement, in substantially the same form as Attachment 1 to the report, sign all necessary documents to close the
transaction for the purchase of real property located at 922 E.
California Avenue for $4,356,800, and approve Budget
Modification No. 21 in the amount of $4,406,800