PROJECT SPONSOR AGREEMENTProject Sponsor Agreement • July 2nd, 2020
Contract Type FiledJuly 2nd, 2020Agreement #: 2988 AGREEMENT BETWEENTHE CITY OF MENLO PARK AND CCS MANAGEMENT, LLC 7/20/2020THIS AGREEMENT made and entered into at Menlo Park, California, this ,by and between the CITY OF MENLO PARK, a Municipal Corporation, hereinafter referred to as "CITY," and CCS MANAGEMENT, LLC, hereinafter referred to as “FIRST PARTY.”. WITNESSETH: WHEREAS, CCS Management LLC, proposes to redevelop the property addressed 1075 O’Brien Drive and 20 Kelly Court (Assessor’s Parcel Number 055-433-250 and 055-433-340), Menlo Park, with approximately 102,000 sf 7-story office building, research/development (R&D), and/or technology uses, plus a restaurant. In addition, a 5-story parking structure would be provided at the end of the cul-du-sac on Kelly Drive with a pedestrian bridge connecting the parking structure with the proposed building at 1075 O’Brien Drive, hereinafter referred to as the “Project”; and WHEREAS, the City has determined that under the California Environmental Quality Act and its appl