Midpeninsula Regional Open Space District Agenda Proposed dissolution of the Successor Agency to the Redevelopment Agency of the City of Sunnyvale 2026-06-24
Sunnyvale Town Center parcels transfer and liability shift
Trusted by teams at
Description
The Midpeninsula Regional Open Space District is requested to join other taxing entities in approving a Compensation Agreement with the City of Sunnyvale to transfer three Sunnyvale Town Center public parking garage parcels from the Successor Agency to the City, with no direct purchase price. Under the agreement, the City will assume all liability for existing PCE contamination and fund a 10-year environmental liability insurance policy, reimbursed via the ROPS, while other taxing entities are released from related obligations.
Contract Details
Contract Amount
No monetary exchange; ROPS-funded 10-year environmental liability insurance policy estimated between $200,000 and $300,000
Vendor
CITY OF SUNNYVALE
Agency
Mid-Peninsula Regional Open Space District, CA
Contract Type
OTHER
Document Date
June 24, 2026
Contract Term
Initial environmental liability insurance term of 10 years; Compensation Agreement effective upon DOF approval and lasting through dissolution of the Successor Agency and completion of property transfer
Renewal Info
The agreement includes County consent to reimburse the City via the ROPS for the cost of a 10-year environmental liability insurance policy, with subsequent insurance policies after that term to be purchased at the City’s expense. The Successor Agency will dissolve after debts are paid, properties transferred, and litigation resolved, and no future revenue-sharing or payments are owed to taxing entities under this agreement.
More from CITY OF SUNNYVALE
Related Contracts
San Francisco Public Utilities Commission Resolution Log 2026-06-12
APPROVEDSan Francisco Public Utilities Commission Resolution Log 2026-05-27
APPROVEDCity of Mountain View Agenda Packet 2026-05-26
APPROVEDSFPUC Resolution Log 2026-05-14
APPROVEDSan Francisco Public Utilities Commission Regular Meeting Minutes 2026-05-12
APPROVEDIssuing Agency
Mid-Peninsula Regional Open Space District
Special District
Los Altos, CA
More from Mid-Peninsula Regional Open Space District
Midpeninsula Regional Open Space District Agenda Item 7 Rejection of All Bids for the Title 24 Residential Window Replacement Improvement Project 2026-06-24
Midpeninsula Regional Open Space District Agenda Item 7 Rejection of All Bids for the Title 24 Residential Window Replacement Improvement Project 2026-06-24
Midpeninsula Regional Open Space District Agenda Item 7 Rejection of All Bids for the Title 24 Residential Window Replacement Improvement Project 2026-06-24
Midpeninsula Regional Open Space District Agenda Item 9 Contract Amendment with MIG, Inc. 2026-06-24
Midpeninsula Regional Open Space District Agenda Item 9 Contract Amendment with MIG, Inc. 2026-06-24
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.