Pretty significant night.
We start the evening with another closed session on the Downtown, before we go into general session.
FollowA published report says that the Bay Area housing market is beginning to recover, specifically mentioning a 5% increase in the median single-family home price since last year. This matches what I’ve been reading and hearing from realtors in the area, all of whom seem to be complaining that there isn’t enough inventory on the market. Sunnyvale homes are once again closing at amounts significantly above the original asking price. Particularly in the past three months, I’ve heard realtors complain that the number of available houses on the market is very low.
Pretty short and uneventful meeting. Mayor Spitaleri was absent, because he is attending the US Conference of Mayors this week.
I’m guessing it’ll be a short night for most folks, but there may be a fair bit of public input, so we’ll see.
We start the evening with a closed session involving ongoing litigation. We then have a study session to discuss the rather disturbing developments regarding Hangar One, and NASA’s surprise decision to declare it surplus property. Then we have the regular meeting.
CBS 5 ran a story on the ongoing Town Center legal dispute, and it did a good job of capturing the City’s position regarding Sand Hill – “lead, follow, or get out of the way”.
I did catch a factual error in Sand Hill’s claims – they claim they still own 5% of the project. My understanding is the property is 100% owned by Wells Fargo right now.