Title
Resolution of the City Council of the City of San Leandro Authorizing the City Manager to Execute a Purchase and Sale Agreement with BEAM Development, LLC, for Sale of City-owned Property Located at 262 Davis Street, San Leandro, California, also known as Alameda County Assessor’s Parcel Number APN: 075-0001-009-02.
Body
WHEREAS, on February 1, 2012, the Redevelopment Agency of the City of San Leandro was dissolved pursuant to Assembly Bill x1 26; and
WHEREAS, on February 1, 2012, the City of San Leandro became the Successor Agency to the Redevelopment Agency (“Successor Agency”); and
WHEREAS, pursuant to Health and Safety Code Section 34191.5(c), property shall not be transferred to a successor agency, city, county or city and county, unless the Long Range Property Management Plan has been approved by the Oversight Board to the Successor Agency (the “Oversight Board”) and the Department of Finance; and
WHEREAS, the Long Range Property Management Plan was approved by the Oversight Board on November 5, 2015 and by the California Department of Finance on December 30, 2015; and
WHEREAS, the City of San Leandro is the owner of certain real property with the address of 262 Davis Street, San Leandro, California, also known as Alameda County Assessor’s Parcel Number APN: 075-0001-009-02 (the “City Property”); and
WHEREAS, the City Property is located adjacent to certain real property owned by the Successor Agency with addresses of 290 Davis Street, 250 Davis Street, 222 Davis Street, 212 Davis Street, and 1199 E. 14th Street, San Leandro, California, also known as Alameda County Assessor’s Parcel Numbers APN: 075-0001-010-02; APN: 075-0001-008-02; APN: 075-0001-006-00; APN: 075-0001-005-00; and APN: 075-0001-004-00 (the “Successor Agency Properties”); and
WHEREAS, the Successor Agency previously issued a public request for proposals for the purchase and development of the Successor Agency Properties that requires that the City Property be sold concurrently with the Successor Agency Properties; and
WHEREAS, BEAM Development, LLC submitted a proposal to the Successor Agency offering to pay the Two Million One Hundred Thousand Dollars ($2,100,000) for the purchase of the Successor Agency Properties and the City Property (“Purchase Price”); and
WHEREAS, a Purchase and Sale Agreement (the “Agreement”) has been presented to the City Council of the City of San Leandro (“City Council”); and
WHEREAS, the City Council is familiar with the contents thereof; and
WHEREAS, the City Manager recommends approval of the Agreement;
NOW, THEREFORE IT IS RESOLVED THAT:
1. Subject to approval by the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of San Leandro, approving the sale of the Successor Agency Properties to BEAM Development, sale of the City Property is hereby approved; and
2. That the Agreement substantially in the form presented is hereby approved and execution by the City Manager is hereby authorized; and
3. That the City Manager is authorized to make non-substantial revisions to the Agreement, subject to the approval of the City Attorney; and
4. That the original executed Agreement shall be attached to and made part of this resolution; and
5. The City Manager and his designees are authorized and directed to execute all documents and take all actions necessary to implement this Resolution, including without limitation the execution of deeds, certificates of acceptance, and all other necessary instruments, as applicable.