Thank you to the captioner. We see test captions. Thank you

Just one two three

This

is the Thursday, January 29th 2026 Santa Clara County redevelopment disillusioned Countywide Oversight Board at 1 30 p .m.

All

right, we'll call the meeting the order and

we'll have a roll call please. All right seat one member very

present Member Klein is absent

To do

see number four member Gomez present seat number five member Chim present

seat

number seven Pasquale absence seat number three Pardon me seat number six vice chairperson snow here and seat number three chairperson Esther Mara Thank you. We have a quorum. Did I miss anybody? I think we're good. Okay. Thank you

All right

Now's the time for public comment any members of the public that might want to address us on any issue That's not on our agenda today Welcome

to do so now. I Have no request to speak in the room and I have no request to speak online.

Great. Thank you We'll move right along to approve consent calendar and change any changes to the agenda

that there are none and We can have an approval

We'll go right to four point one adopt resolution to elect the chairperson advice Chippers before we go to number four

Can we do? a motion in a second and then the end and the vote

is for the record of the calendar. Okay, okay. I motion to approve

Thank you Say

aye

aye

both

say no abstentions

Yes, can I abstain from the approval of the minutes because I was absent at the last meeting

One two three four. Yes, it'll still pass. Thank you. I will note that for the record member Chim abstained. Thank you

We'll move right to four adopt resolution To elect a chairperson and vice chairperson for the redevelopment dissolution Countywide oversight board

I'd like to make a motion to elect you as our chairperson

member And

I'd

like to continue the duo we've got here and and nominate then mr. Snow is your vice chair

So

I will have it on the record is a motion by Vice chairperson snow seconded by member Barry to elect Member Esther Mara as chairperson and member snow as vice chairperson. Is that correct? Yes. All right. Would you like me to take the vote? Yes, please. There are no requests to speak in the room and there are no requests to speak online member Barry

Aye

Remember Gomez I remember Jim I Vice chairperson snow. Yes and chairperson Esther Mara Aye motion carries. Thank you

Thank you. Call me move on to item five

At

that resolution authorizing the successor agency to the redevelopment agency the city of Sunnyvale to execute and implement the compensation agreement Relating to the disposition of the real properties known as the Sunnyvale Town Center public parking garage parcels

We

do I can introduce this item though if that yes, that's okay with everybody Brian Darrow With the opposite the County Executive also serve a staff for the Oversight Board So the item before you today is a resolution as you mentioned, mr. Chair Authorizing the Sunnyvale successor agency to execute an agreement To transfer the final three properties it owns to the city of Sunnyvale Once that agreement is fully executed the successor agency would be able to dissolve This is not the this action today is not the final step in the process because there are a number of taxing entities that we need to Go to after this action, but the city of Sunnyvale and the County

Board of Supervisors have already Approved the compensation agreement, but there is the school districts and several special districts that we would need authorization from as well But this is a key step in the process And just wanted to speak a little bit to how we got here so to refresh folks memories are alluding to this chair, but the three properties that remain in the successor agencies hands Are all in the town center they all currently have public parking garages on them

and

we have had over a period of many months actually very productive discussions with with the city of Sunnyvale regarding

these

properties as we try to try to get to a resolution and dissolve

the

successor agency we do think the proposed agreement before you really is in everyone all the different parties

interests

one

key

thing to flag is that and the board probably remembers this but one of the three properties

has

some contamination to it so there's PCE contamination as a result of a former dry cleaning business that was on the property

and

the regional regional water quality board requires monitoring every year for that contaminated you probably see it come up on the ROPS each year there's a cost to that annual monitoring

so

to some are the agreement before you has no there's no

compensation

or revenue sharing for the taxing entities in exchange for release of liability

related

to that contaminated

property so

the agreement does include a commitment that we would amend the ROPS

to

pay a one -time cost for environmental insurance policy for the city to

be

able to have some protection in the early years related to that contamination

then

the next item on your agenda today is approval of those ROPS you'll notice that the insurance policy is not yet on there and the reason for that is we didn't until we have a fully executed agreement and a current quote for the cost of the insurance policy we don't want to get put it on the ROPS but that is something we would be planning to come back to this board for an amended ROPS probably at your September meeting if not before

a couple

final comments

on

why we think the agreement really benefits all parties so obviously the city would have control over the parcels but from the taxing entities perspective not only is there a release from liability

there

is the ability now to dissolve the agency which means that there would be the administrative cost of producing the ROPS and of transferring the tax increment funding into the

I

always get the acronym wrong but I guess it's RPTTF the

redevelopment

property tax trust fund and the cost of the tax increment funding and the cost of the tax increment funding and the cost that are associated with that would all end and as I mentioned before there's an annual cost

to

the to the environmental monitoring that we see show up on the ROPS every year as well so this would get us to the point where we really kind of is the the end goal I know with all of these agencies which is to come to a resolution where we can actually dissolve the agency this would be the third of the nine redevelopment agencies that would be fully dissolved

after

we complete these steps and happy at a future meeting if folks are interested to hear kind of where we are on on all of the different agencies that we're going to be working on. We're going to be working on some of the other agencies several of them as you'll recall have have last and final ROPS that have been approved so it's largely just having the final bond payments get paid off that we're waiting for on those but happy to provide an update on that if that's helpful

but

all in all we think the agreement before you today really does benefit all parties and so I don't know if the successor agency had anything they wanted to add I know we have Rebecca Moon from the city attorney from Sunnyvale I think we have some folks online as well but we're all here to answer any questions as well. Thank you Brian.

Good afternoon Ms. Moon.

Okay oh there we go I didn't

push it enough thank

you Mr. Darrow I I think you gave a great summary of

the

situation and I just want to thank the oversight

board

it's hard to overstate how important this matter is to the city of Sunnyvale and I just wanted to I

just

wanted to note that we're very close to February 1st and the effect of this date of the dissolution of California redevelopment agencies was February 1st 2012

so

the children that was 14 years ago and the children born in 2012 are now in high school

and

I'm just hoping that we can wrap this up before they're ready to get a driver's

license so

thank you very much.

It

looks like that might be possible. Any questions?

Yeah

I would like Mr. Darrow to follow up in the subsequent meeting about the status of all the

same same

yeah yeah yeah perhaps we'll talk about it either the September meeting or or the December meeting but maybe in September okay we're ready yes I was also going to ask if we could have an update so that's great

the other question I have is more procedural so I know the compensation agreement has already been approved and then you said there's a subsequent process where the school districts would then look at it and then look at it and then look at it and then look at it and then look at it and then look at it and then look at it and then look at it and then look at it. What does that process look like?

We would need to bring these items to the respective

boards

for approval so we'll be reaching out I know at least one we have at least one member of one of those boards here I know the water district yeah we but we will need to

have

those approved probably we're suspecting it's it'll involve you know a detailed conversation with folks behind the scenes and then okay you know I'm guessing on consent on a lot of their meetings but of course if if. If folks want to discuss the item, we will be present and able to answer any questions. But, yeah, we will need to,

assuming

the oversight board here is comfortable, our next step is really lining up each of those and checking the calendar for all those dates and making sure that we're getting in front of those boards in time to be back here to amend the ROPS and move everything forward. By September? Yep. Got it. Exactly. Thank you. We'll try.

Yes. I have a question. So, I just want to understand,

you're

saying, you're hoping all this will be dissolved soon? Are we talking about all three garage, all three property, or are we just talking about? It's right this.

All three? Yeah, this three parcels, yeah. Okay. Yeah, three assistive parcels that are noted. 209, that's 34, 021, 209, 34, that's 025, and 209,

that's 35, that's 014. Are they the last property? Are they the last properties within the city of Sunnyvale? Yes. They are. Okay. Just confirming. Thank you.

Any other questions?

Will I entertain a motion for approval, then, to adopt the resolution? I can move approval to adopt the resolution.

Is there a second?

Second. Yes,

there's a second. Okay.

We'll have a roll call. All right. Member Berry?

Aye. Member Gomez?

Aye.

Member Chim? Aye. Aye. Member Pasquale? Aye. Vice Chairperson Snow? Yes. Chairperson Estamira? Aye. Motion carries. Thank you.

We'll move over to,

thank you very much.

You have one

more. So, we'll have item number six, adopt resolution to approve the recognized obligation payment schedule for the period July 1, 226 through June 30, 2027 for the successor agency to the redevelopment agency of the city of Sunnyvale. Any questions with respect to that? If none, we'll entertain a motion for adopting of the resolution.

I make a motion to adopt it.

Thank you.

And I'll second. Thank you.

Okay. We have no requests to speak.

Any

questions? Okay. We'll have a motion. All right. Motion by Member Berry, second by Chim. Member Berry? Aye. Member Gomez? Aye. Member Chim? Aye. Member Pasquale? Aye. Vice Chairperson Snow? Yes. And Chairperson Estamira? Aye. Motion carries. Thank you.

Thank you, Colin. We'll move over to item seven, adopt the resolution to approve the recognized obligation payment schedule and administrative budget for period July 1, 226 through June 30, 2027 for the successor agency to the redevelopment agency of the city of Melpitas.

Item seven and item seven through a,

how

many numbers we got here? Seven through 11 were voted and approved on consent. So those are all the items that we have to vote on unless I'm missing something.

Great. I didn't see the list on consent, but great.

And we put those on consent because, just for transparency, because there was the county auditor controller reviewed and had no objection to any of those ROPs that were submitted. And actually, in fact, it was interesting and we

thank

San Jose for, again, they've had a full year now of tracking their administrative costs. This board had asked them to not

just

estimate, but actually track actual costs. So now that they've had that full year, they're projecting forward for next year based on a full year of actual data and the administrative costs have gone down 24%, I believe is the number. So, anyway, we didn't want to, the reason those were on consent is because of a comfort level with what was recommended.

Exactly.

Great. Great. Well, then we're at our favorite point, adjournment. So we're going to adjourn to Friday, September 25th, 26th at 1 .30. And we'll try to have a report on the updates on

all

the districts. Thank you all.

Please

stand adjourned. Thank you. Thank you very much.