Professional Documents
Culture Documents
1. 2. 3. Welcome Selfintroductions(12minuteseach)pleaseprovide: name,background areaofinterestthatyourepresent youprior/presentinvolvementwithCubberley yourbigpicturegoalsforthefutureofCubberley CubberleyHistoryandBackground UtilityUserTaxElection covenantnottodevelop...whatmighthavehappened withoutit leasedevelopment 8acresacquisitionbytheCity OverviewofMissionandGuidingPrinciples cooperativeeffortbetweenPAUSDandCity flexibilityfortheCommittee Staffsupport...overviewofavailablestaffsupportandrole DiscussionofMeetingLogistics Regularmeetingschedule...howoftenwillCommittee andSubcommitteesmeet...where? Howwillpublicbeinformedofmeetingsandtopicsof interest Tentativetimeline(allowanceforinterruptionsfrom vacationandholidayperiodsandforpreparingfinal report) WhatwillbetheinterimreportingtoCouncil,Trustees Subcommittees...howmany,whichones,hownarrow orbroad,howwillappointmentsbemade 7. Adjournment schedulenextmeeting actionitemsbeforenextmeeting actionitemsatnextmeeting
4. 5. 6.
CubberleyCommunityAdvisoryPanel
Group
Neighborhoods FairMeadow WalnutGrove GreenMeadow Greendell CharlestonGardens Midtown PAN CommercialRetail CharlestonPlazaTenant VillageProperties PTA's FairmeadowElementary JLSMiddleSchool GunnHighSchool PaloAltoHighSchool CubberleyTenants ChildCare Artist NonProfitCardiacTherapy FOPAL Community/Arts&Services ParkandRecCommission PT&C OtherCommunityMembers
FirstName
Tom Tom Lanie Michael Jean Sheri Ken
LastName
Vician Crystal Wheeler Bein Wilcox Furman Allen
Rachel Lessa Jerry Jim Susie Jennifer Greg Diane Mandy Brian Bern Pam Anne William Penny Mike
Samoff Bouchard August Schmidt Thom Hetterly Tanaka Reklis Lowell Carilli Beecham Radin Wilson Robinson Ellson Cobb
Table of Contents 1. June 16, 2010 Cubberley Site Discussion Power Point Presentation 2. June 27, 2011 Cubberley Site Discussion Power Point Presentation 3. Foothill-De Anza College Letter of Interest 4. Cubberley Community Center Lease and Covenant Not To Develop
CUBBERLEYSITE DISCUSSION
June16,2010
1
CITY/PAUSD SchoolSiteChronology
CubberleySchoolSiteBuilt Cubberleysiteclosedduetodecliningenrollment PAUSDleasessitetovarioustenants,includingFoothillCollege CityacquiresTermanSchoolsitethrough 20yrleasetopurchaseagreement CityentersintointerimleaseforJordanSchool CityentersintoCovenantnottoDevelop andLeaseofCubberleySchool PAUSDrequeststopurchasebackremainingTermanSchoolSite fromCity FourPartyMOUapprovedbyCouncilforTerman (includingswapofCubberley/Terman7.93acres) FOOTHILLOFFERTOPURCHASE: Foothill/DeAnza: 1st Request 2nd Request letterofintent
2007 11/3/09
2
8 Acres
CITY/PAUSD LeaseHistory
Terman Middle School
Jordan Middle School Cubberley High School 1981- Leased by City with Option to Purchase 1988- Interim Lease by City 1989- City Leased all 35 Acres from PAUSD 2001- City Swaps Terman for Ownership of 8 Acres at Cubberley
CubberleyStatistics
35TotalAcres 27AcresSchoolDistrict 8 AcresCity 175,540sq.ft.Building 94,402SchoolDistrict 76,138City 750ParkingSpaces 620 SchoolDistrict 130 City
5
CommunityGroupsandTenants Notincludinghourlyrenters
Schools (2)
Childcare (2)
Hua Kuang Reading Room, Adolescent Counseling Services, Wildlife Rescue, Friends of the Palo Alto Library
LeaseTermsandOptions
15Years(19892004) 10Years(20042014)* 5Years(20142019) 5Years(20192024)
*NoticetoExtendduetoDistrictby 12/31/2013
7
defeated in 2009)
$8,000,000
(Since 1989, City has paid $113 million in Lease & Covenant payments)
CUBBERLEYSITE DISCUSSION
June27,2011
1
8 Acres
CITY/PAUSD SchoolSiteChronology
CubberleySchoolSiteBuilt CubberleysiteclosedleasedincludingFHDA CityacquiresTermanSchool(20yrleasetopurchase) CovenantnottoDevelopandCubberleylease PAUSDrequeststopurchaseTermanfromCity CouncilApprovesCubberleyswap(7.93acres) FoothillOffertoPurchase 1st Request 2nd Request RequestforOffers
CITY/PAUSD LeaseHistory
Terman Middle School
Jordan Middle School Cubberley High School 1981- Leased by City with Option to Purchase 1988- Interim Lease by City 1989- City Leased all 35 Acres from PAUSD 2001- City Swaps Terman for Ownership of 8 Acres at Cubberley
Foothill J
Dance Vision L3
Childrens Preschool T1
Wildlife V
CubberleyStatistics
35TotalAcres 27AcresPAUSD 8 AcresCity 175,540sq.ft.Building 94,402(FHoccupies21,170)27ac 76,138(FHoccupies18,493)8ac 750ParkingSpaces 620 SchoolDistrict 130 City
8
CommunityGroupsandTenants Notincludinghourlyrenters
Schools (2)
Acme Education, Palo Alto Preparatory
Childcare (2)
Childrens Preschool Center, Good Neighbor Montessori
Cubberley Tenants
USE
Foothill
SQ. FT
39,672
RENT/SQ
$1.96
RENT ANNUAL
$933 K
Non Profit
FOPAL Hua Kuang PA Prep Wildlife Rescue Preschool Dance Visions Zohar 1,700 672 2,496 1,565 8,772 3,130 3,740 $0.65 $1.11 $1.79 0 $0.24 $1.11 $1.16 $13K $8,900 $54K 0 $26K $41K $52K
10
SQ. FT
RENT/SQ
RENT ANNUAL
11
Revenue Summary
Foothill- DeAnza Property Rental (Artists/ Non Profits, etc) Hourly Rental (Events, etc) City Office Rental Total Revenue $0.93M $0.52M ($0.42M from Citys 8ac excluding FH) $1.02M $0.07M $2.54M
12
Expense Summary
Lease Management and Maintenance Non Maintenance Operating Expenses Total City Annual Expenses $0.44M
$1.77M
$2.21M
13
14
LeaseTermsandOptions
15Years(19892004) 10Years(20042014)* 5Years(20142019) 5Years(20192024)
*NoticetoExtendduetoDistrictby 12/31/2013
15
16
Key Issues
Sell or Lease? Maintain maximum flexibility Relocation Issues Parkingon-site Phase 1/shared Phase 2 Foothill as a service provider and synergy with other educational and community services Loss in Foothill revenue and substantial infrastructure obligations Status of community uses if Lease is not extended Foothill Schedule including construction Zoningagreement to City land use oversight
17
Questions/ Comments
18