Tony Spitaleri, mayor of Sunnyvale, California, solicited and received money from the real estate developer that negotiated an agreement to build a 30+ acre project in the city’s downtown.
Spitaleri voted to approve an unusual development agreement, in which the developer/Spitaleri’s donor was excused from the standard requirement of purchasing and posting an overall performance bond. [Such a bond is a guarantee from a third-party (usually a bank or an insurance company) that money needed to complete a specified project will be paid if the contractor fails to fully perform.] Continue reading