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reports and resources

New Kings Arena rendering

Final ESC Documents

The final documents* including the staff reports and the agreements for the Entertainment and Sports Center project were approved by the City Council on May 20.

*Note: These are large documents and may take a moment to download.

Planning Entitlements

The staff report for the planning, design and environmental review of the Entertainment and Sports Center project addresses the new arena, additional adjacent development and digital billboards. A separate staff report on the proposed ordinance change to allow digital billboards on City-owned property is also included.

Additional links are provided for the environmental documents including the Draft Environmental Impact Report or DEIR (released December 16, 2013) and Final EIR (released May 1, 2014). The Final EIR consists of the response to public comments on the DEIR but also the Mitigation Monitoring Plan (MMP) and the Event Transportation Management Plan (TMP).

Terms and Agreements

The terms and agreements between the City and Sacramento Basketball Holdings, LLC (SBH), the owners of the Kings, are set forth in the following legal agreements. These agreements cover the development, construction, management and operation, financing, and non-relocation provisions for the Entertainment and Sports Center (ESC) project. A summary of the staff report including a brief description of each agreement is provided below along with each complete agreement.

Financing Plan and Agreements

An overview of financing plan for the development of the ESC is described in the staff report summary below. In addition, the agreements necessary for the lease-revenue bonds, which provide most of the City’s financial contribution to the ESC project, are provided in detail below.

Final Staff Report: ESC Financing which includes the following documents:

  • Indenture
  • Site Lease
  • Project Lease
  • Bond Purchase Agreement (Floating)
  • Forward Bond Purchase Agreement
  • Bond Purchase Agreement
  • Preliminary Official Statement
  • Escrow Agreement

Staff Reports

 4/22/14 Overview and Explanation of Future Council Consideration for the
Entertainment and Sports Center
 1/7/14 600 K Resolution of Necessity and Order of Prejudgment
12/17/13  Entertainment and Sports Center Term Sheet Modification
12/10/13 Sacramento Entertainment and Sports Center Local and Small Business Involvement Plan
Suspension of Competitive Bidding for the Sacramento Entertainment and Sports Center
Downtown Entertainment and Sports Center Debt Financing Plan
10/29/13 Project Team Introduction and Design Discussion
Initial Outreach and Proposed Project Goals
10/22/13 Pre-development process agreement between City and SBH
9/24/13 Pre-development expenses agreement between City and SBH
Event fee agreement for Sleep Train Arena between City and SBH 
8/13/13 Staff report for property acquisition
6/25/13 Consultant expenditures
5/7/13 Natomas reuse
3/26/13 Preliminary term sheet
2/26/13 Key principles for ESC
2/19/13 Resolution in Support of Keeping the Sacramento Kings in Sacramento

Resources

Appraisals of ESC Transfer Properties

Appraisals were prepared for the properties listed below that will be transferred to the Sacramento Basketball Holdings (SBH) in exchange for a contribution to the ESC project. The appraisals are based on the value as of February 26, 2013, which is the date the City Council authorized staff to negotiate terms with SBH. For properties subject to the State’ dissolution of redevelopment, the date for valuation is June 20, 2011 as required by the State. The appraised value of the 5th and K Street Airspace parcel differs from the value used in the terms of agreement due to an existing Option to Purchase agreement. To view an appraisal, select the appropriate link below.

Presentations

Planning Commission - 4/10/14

Planning Commission - 1/30/14

Planning Commission - 1/16/14

DEIR Public Workshop - 12/18/13

Planning Commission - 12/12/13

Sacramento Basketball Holdings, LLC Information

Information on key personnel on the Sacramento Kings new ownership group.

Downtown Plaza Site Information

Team Consultants and Advisors

City Consultant and Advisors

Other Resources and Past Reports

Kings Arena Records and Documents