PRESENT:

Agency Chair Dean J. Chu
Agency Vice Chair Ron Swegles
Agency Member Fred Fowler
Agency Member Julia Miller
Agency Member Howe
Agency Member Melinda Hamilton
Agency Member Otto Lee 

Staff Present:

Amy Chan, Agency Director
Joan Borger, Interim Agency Counsel
Mary Bradley, Agency Treasurer
Robert Paternoster, Agency Secretary
Susan Ramos, Agency Clerk

RA - 1.A.

Approval of Draft Minutes (December 21, 2004)

This item was continued to March 8, 2005.

CITIZENS TO BE HEARD

There were no public comments.

RA - 2.

RDA 05-001

Five-Year Implementation Plan for Central Core Redevelopment Project Area     

This item was continued to March 8, 2005.

RA - 3.

RDA 05-002

A Resolution of the Redevelopment Agency of the City of Sunnyvale Amending the Disposition and Development and Owner Participation Agreement Between the Agency and Fourth Quarter Properties XLVIII in Connection with Redevelopment of Town Center Mall 

Robert Paternoster, Agency Secretary, presented the report.

Chair Chu opened the public hearing at 12:47 a.m.

Arthur Schwartz, member of the public, expressed concern about the delay to the use of the Redwood plaza.

In response to Agency Member Howe, Agency Secretary Paternoster summarized the amendments to the DDOPA under Section 10.06 relative to the existing language in the adopted DDOPA.

There being no additional public comments, the public hearing closed at 12:51 a.m.

Agency member Howe moved, Vice Chair Swegles seconded to approve Alternative 1, adopt the resolution (Attachment F) amending the DDOPA between the Redevelopment Agency and Fourth Quarter Propeties XLVIII, LLC, pertaining to City use of the Redwood Plaza by the City. Motion passed unanimously.