(b) Adopt a resolution authorizing the City Manager to negotiate an Interim Incubator Operator Agreement with 1stACT Silicon Valley, for the management and operation of the Plaza based on business terms and conditions described in staff's memorandum for a term not to exceed 3 years at a maximum total compensation not to exceed $1,485,000, subject to the City Council's annual appropriation of funds for the operating payments.
CEQA: Exempt, File No. PP10-097. Council District 5. SNI: Mayfair. (Public Works/Office of Economic Development)
TO BE HEARD LAST