City Council

3. APPROVAL OF CITY COUNCIL RESOLUTION NO. 10038 APPROVING AN OPERATING COVENANT AGREEMENT WITH LEGACY SPORTS COMPLEX, LLC FOR THE PROVISION OF ECONOMIC DEVELOPMENT INCENTIVES IN CONNECTION WITH THE DEVELOPMENT AND OPERATION OF A NEW INDOOR SPORTS FACILITY 1. Find and determine that adoption of City Council Resolution No. 10038 does not constitute a “project” as defined in CEQA Guidelines (Cal. Code Regs., tit. 14, § 15000 et seq.) Section 15378 and is therefore not subject to environmental review under the California Environmental Quality Act (“CEQA”) (Pub. Res. Code § 21000 et seq.) pursuant to CEQA Guidelines Section 15060(c)(3); and 2. Adopt City Council Resolution No. 10038 approving an Operating Covenant Agreement between the ("Legacy"), providing economic development incentives in connection with the development and operation of a new indoor sports facility serving USA Volleyball-sanctioned tournaments and other activities, in consideration of certain covenants and conditions (the “Agreement”); and 3. Authorize the City Manager, in consultation with the City Attorney, to execute the Agreement, including any non-substantive changes necessary to finalize the transaction; and