Almanac

News - May 12, 2010

Bohannon negotiations continue

Menlo Park's negotiators will check in with the City Council at its meeting Tuesday, May 11, offering more detail and some new information on the preliminary terms of an agreement with the Bohannon Development Co. over the rights to develop a major office/hotel project.

The council at its April 6 meeting agreed to the basic tenets of an agreement with the Bohannon Co. over the proposed project. The revised terms include stricter penalties if the company fails to reduce vehicle trips to and from the site below a certain threshold, a provision that could increase the city's sales tax receipts during construction, and a commitment from the development company to pay an impact fee that would benefit the Fire Protection District, should the city institute such a fee.

The Bohannon company agreed to cooperate with possible plans to put underground power lines that now stretch along Menlo Park's waterfront, but only in the event that the work does not affect the construction schedule, and that the costs are "borne by others," according to the staff report.

The meeting begins at 7 p.m. in the council chambers, located in the Civic Center complex.

Go to menlopark.org and follow links to the City Council page and the May 11 agenda, to view the staff report.

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