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File #: 25-14030    Version: 1 Name:
Type: Consent Calendar Status: Agenda Ready
File created: 5/27/2025 In control: City Council
On agenda: 6/17/2025 Final action:
Title: Subject: Amendment to the Grant Agreement with Apple Inc. (Apple) to include the Interstate 280/Wolfe Road Interchange Project as an eligible project in the agreement, reallocate donated funds to the Interchange Project, and accept the grant funds; and, Amendment to the Funding Agreement with the Santa Clara Valley Transportation Authority (VTA) for the Interchange Project to extend the term to December 31, 2029.
Sponsors: Kirsten Squarcia
Attachments: 1. Staff Report, 2. A - Amendment to Grant Agreement with Apple, 3. B - Grant Agreement with Apple - 6/18/2019, 4. C - Funding Agreement with VTA - 1/25/2016, 5. D - Draft Resolution

Title

Subject: Amendment to the Grant Agreement with Apple Inc. (Apple) to include the Interstate 280/Wolfe Road Interchange Project as an eligible project in the agreement, reallocate donated funds to the Interchange Project, and accept the grant funds; and, Amendment to the Funding Agreement with the Santa Clara Valley Transportation Authority (VTA) for the Interchange Project to extend the term to December 31, 2029.

 

Recommended Action

That the City Council:

1) Authorize the City Manager to Execute an Amendment to the June 18, 2019, Grant Agreement between the City of Cupertino and Apple Inc. to:

                     a) Include the I-280/Wolfe Road Interchange Project as an eligible Grant Project; and

                     b) Reallocate $1,400,000 in donated grant funds from the 2019 Grant Agreement to support the I-280/Wolfe Road Interchange Project (100-88-844 900-964); and 

                     c) Accept up to $2,600,000 in Additional Grant Funds from Apple Inc. to address the funding gap for the I-280/Wolfe Road Interchange Project; and

                     d) Adopt Resolution No. 25-047 approving Budget Modification #2425-396 to transfer out $333,333.33 from fund 420 and transfer into fund 100, and budget grant revenue of $3,666,666.67 into fund 100 with an expense of $4,000,000.

2) Approve the Fifth Amendment to the January 25, 2016, Funding Agreement with the Santa Clara Valley Transportation Authority for I-280/Wolfe Road Interchange Improvements Project to extend the term of the agreement to December 31, 2029.