Cities Index.
Funding Alternatives

Sunnyvale City Council
August 13, 2024

Document
Funding Alternatives
Meeting
August 13, 2024
Body
Sunnyvale City Council
Pages
3
Original file
2.1 MB
Text extracted from the city's file for reading and search. Open the original on legistar.granicus.com. That file is the official record.

Project Name Units Score
Final
Rank
Prior City
Funding
2024 NOFA
Request
Alternative 1
Recommended
2024 NOFA
Award
Total City Funding
(Including Alternative 1
Amount)
Total City Funding
per Unit
(Including Alternative 1
Amount)
1171 Sonora
(MidPen) 172 84.0 1
Acquisition - $ 12,500,000$ 12,500,000$ 12,500,000$ 72,674$ Predevelopment 500,000$ 1,533,000$ 1,533,000$ 2,033,000$ 11,820$ 1171 Sonora Total 500,000$ 14,033,000$ 14,033,000$ 14,533,000$ 84,494$ 295 S Mathilda
(MidPen) 126 79.0 2
Acquisition 7,325,000$ -$ -$ 7,325,000$ 58,135$
Predevelopment - $ 1,500,000$ 1,500,000$ 1,500,000$ 11,905$ Construction -$ 4,467,000$ -$ -$ -$
295 S Mathilda Total 7,325,000$ 5,967,000$ 1,500,000$ 8,825,000$ 70,040$ 352 E Java
(TPC/Miramar) 308 78.7 3
Construction -$ 14,000,000$ 14,000,000$ 14,000,000$ 45,455$ 352 E Java Total - $ 14,000,000$ 14,000,000$ 14,000,000$ 45,455$ NOFA Grand Total 34,000,000$ 29,533,000$
2024 NOFA Funding Alternative 1 ($29,533,000) - Staff Recommendation Attachment 3

Page 1 of 3 ends

Project Name Units Score
Final
Rank
Prior City
Funding
2024 NOFA
Request
Alternative 2
2024 NOFA
Award
Total City Funding
(Including Alternative 2
Amount)
Total City Funding
per Unit
(Including Alternative 2
Amount)
1171 Sonora
(MidPen) 172 84.0 1
Acquisition - $ 12,500,000$ 12,500,000$ 12,500,000$ 72,674$ Predevelopment 500,000$ 1,533,000$ 1,533,000$ 2,033,000$ 11,820$ 1171 Sonora Total 500,000$ 14,033,000$ 14,033,000$ 14,533,000$ 84,494$ 295 S Mathilda
(MidPen) 126 79.0 2
Acquisition 7,325,000$ -$ -$ 7,325,000$ 58,135$
Predevelopment - $ 1,500,000$ 1,500,000$ 1,500,000$ 11,905$ Construction -$ 4,467,000$ 2,967,000$ 2,967,000$ 23,548$ 295 S Mathilda Total 7,325,000$ 5,967,000$ 4,467,000$ 11,792,000$ 93,587$ 352 E Java
(TPC/Miramar) 308 78.7 3
Construction -$ 14,000,000$ 14,000,000$ 14,000,000$ 45,455$ 352 E Java Total - $ 14,000,000$ 14,000,000$ 14,000,000$ 45,455$ NOFA Grand Total 34,000,000$ 32,500,000$
2024 NOFA Funding Alternative 2 ($32,500,000)
Attachment 3

Page 2 of 3 ends

Project Name Units Score
Final
Rank
Prior City
Funding
2024 NOFA
Request
Alternative 3
2024 NOFA
Award
Total City Funding
(Including Alternative 3
Amount)
Total City Funding
per Unit
(Including Alternative 3
Amount)
1171 Sonora
(MidPen) 172 84.0 1
Acquisition - $ 12,500,000$ 12,500,000$ 12,500,000$ 72,674$ Predevelopment 500,000$ 1,533,000$ 1,533,000$ 2,033,000$ 11,820$ 1171 Sonora Total 500,000$ 14,033,000$ 14,033,000$ 14,533,000$ 84,494$ 295 S Mathilda
(MidPen) 126 79.0 2
Acquisition 7,325,000$ -$ -$ 7,325,000$ 58,135$
Predevelopment - $ 1,500,000$ 1,500,000$ 1,500,000$ 11,905$ Construction -$ 4,467,000$ 4,467,000$ 4,467,000$ 35,452$ 295 S Mathilda Total 7,325,000$ 5,967,000$ 5,967,000$ 13,292,000$ 105,492$ 352 E Java
(TPC/Miramar) 308 78.7 3
Construction -$ 14,000,000$ 14,000,000$ 14,000,000$ 45,455$ 352 E Java Total - $ 14,000,000$ 14,000,000$ 14,000,000$ 45,455$ NOFA Grand Total 34,000,000$ 34,000,000$
2024 NOFA Funding Alternative 3 ($34,000,000)
Attachment 3

Page 3 of 3 ends
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