City wants traffic at Diridon Station to increase 17x. Want it to be the ideal/best station in North Amrerica. Land is already slotted for expansion and development.

#Googleville

City wanted a singular lead developer rather than piecemeal development. City gets more control with master developer. Gives better ability to negotiate for things that benefit the community. #Googleville

Google expressed interest in early 2017. Some city staff and elected officials were under NDA from February 2017. They expired June 9, 2017. Claim its necessary to avoid speculation by other developers. #Googleville

Four out of five city properties discussed today were originally bought by city for the proposed A's ballpark plan that fell through in 2008ish.

By law these must be sold for economic development, and proceeds split among all 15 tax entities in the area: $67 million. #googleville

Discussing civic engagement efforts now. Estimate intracted with 1,200 people over 10 meetings, walking tours, etc.

Main issue raised was housing crisis and displacement. #Googleville

Staff officially recommend the proposal. Most critical need is need for jobs and tax base. San Jose has worst jobs to residents ratio among US big cities. Just 0.81. We're a bedroom city.

60% of SJ residents commute out of city for work. #Googleville

San Jose mandates 15% affordable housing for new development, among other housing safety improvements. Claim best city in South Bay at it. #Googleville

City and Google expected to enter into a Development Agreement. And future development of land will require investment into community services. #Googleville

Pricing: $67 million. City of SJ has first offer of repurchase.

Escrow expected to close December 31. Cost is $237.50/sq foot. #Googleville

One of the sites is the city's fire training center. Google will lease the property to the city for free for 3 years as it gets relocated. City had wanted to build a new one for years. Proceeds from sale will be used to build new one. #Googleville

This deal today would only be the "end" of Phase I. Phase II is project planning and design, will span from 2019-2021. Will include negotiating developer agreement. City expected to have 5 different approvals over the process - a lot of control. #Googleville

Conclusion from city staff report: lots of cities are struggling, we are lucky that Google wants to invest in us. But its important we do it right, and show what urban redevelopment should look like. #Googleville

Google VP of real estate speaking now. Thanks for condutive community process. Want a Google friendly area integrated into local community. #Googleville

Google willing to pay market rates and not demand subsidies. Acknowledged housing and homelessness problems. #Googleville

Mayor Sam Liccardo thanks Google for not doing what Amazon did - extracting tons of subsidies from local governments. From day 1 Google has wanted to pay fair rates, and pay additional community benefits. Didn't want nor ask for any breaks. #Googleville

Oh and the Mayor thanked MLB for not letting the A's move here. We would've gotten 7 million for that instead of 70. #Googleville

Public comment starts now. #Googleville

"Approving this deal is class warefare" -- a teacher and San Jose resident #Googleville