By Khalida Sarwari
The Santa Clara City Council will receive an update on the 49ers stadium project at its meeting tonight.
Staff will discuss the status of negotiations and the tasks that have been accomplished so far related to the planned stadium for the San Francisco 49ers next to the Great America theme park.
One of the updates is related to work on a draft of the disposition and development agreement between the city’s Stadium Authority and 49ers Stadium Company, or Stadco, which must be completed by the fall, said Carol McCarthy, acting assistant city manager.
Also in the works is the finance plan for the stadium, which specifies exactly how the stadium will be constructed and how each portion will be funded. The city’s goal is to complete the plan by next summer, McCarthy said.
Plans are also being made to start site preparation and utility relocation prior to the beginning of construction in 2013, McCarthy said.
The city is also working on drafting lease documents, which would be executed in the fall of 2012.
The 68,500-seat stadium is expected to open in time for the 2015 football season. Since voters approved the project last June, the cost has risen from $937 million to $950 million, but that figure could continue to fluctuate, McCarthy said.