CCMIN050796 - Laserfiche WebLink

It was moved by Mr. Tarver, seconded by Ms. Michelotti, to approve an agreement with Prudential Insurance Company to satisfy its park obligation by assigning to the City the surplus from NPID No. 3 in 1993 and the more recent surplus from NPID No. 1 and/or No. 3. The roll call vote was as follows: AYF_~: Councilmembers - Dennis, Michelo~ti, Mohr, Pico, and Mayor Tarvet NOF~: None ABSENT: None ABSTAIN: Nono It was moved by Mr. Tarvex, seeou~d by Ms. Deuuis, to approve an agreement for Wells Fargo to satisfy fis park obligatious by assiguing its NPID surplus, its entitlement to the Dublin Boulevard Reimbursement and paying the diffexence wheu it pulls buffcling permits. Mr. 1~co was concerned that the City is giving Wells Fargo an additional five years to begin construction. Be felt the City should be putting pressure on it to develop its property before the year 2000. Mr. Tarvet indicated that when Wells Fargo was originally approved, he thought it would be a presence in Pl~nton very quicldy. Bowever, with all the mergers and bank consolidations, he understands the delay in development. In light of the desire to be "business friendly", he felt a five year extension was worthwhile. Ms. Mohr agreed City imposed conditions do not force development, it is the market that dictates construction. The roll call vote was as follows: AYES: Councilmembers - Dennis, Michelotti, Mohr, Pico, and Mayor Tarver NOES: None A~SF_~T: None ABSTAIN: None It was moved by Mr. Tarvex, seconded by Mr. Pico, that a park obligation be imposed on the Stoneridge Corporate Plaza undeveloped lots and the obligation can be satisfied by a surplus in the Stoneridge Business Center Assessment District 84-2, if one should exist. The roll call vote was as follows: AYES: Councilmembers - Dennis, Michelotti, Mohr, Pico, and Mayor Tarver NOES: None ABSENT: None ABSTAIN: None 05/07/96 -13-