Title
Staff Report for the Resolution Amending the Two Agreements Approved by the City Council on April 1, 2013 with the San Leandro Chamber of Commerce: 1) a Property Exchange and Indemnity Agreement with One and Only Right of First Offer for the City's Office Space Located at 120 Estudillo Avenue in the New Downtown Garage in Exchange for the Chamber's Parcel at 262 Davis Street and 2) a Reciprocal Easement Agreement and Declaration of Covenants, Conditions, and Restrictions for the Office Space to Include as Party to the Agreement the Parking Authority of the City of San Leandro and Authorizing the City Manager, acting as the Executive Director of the Parking Authority of the City of San Leandro, to Execute Same
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council, acting as the Board of the Parking Authority of the City of San Leandro, authorize the City Manager, acting as the Executive Director of the Parking Authority of the City of San Leandro (Parking Authority) to execute an amendment to two agreements entered into with the San Leandro Chamber of Commerce (Chamber) to add the Parking Authority as a party to the agreements. The first is a property exchange agreement of the Chamber's property at 262 Davis Street (APN: 075-0001-008-02) and the new office parcel created at 120 Estudillo Avenue (the new downtown parking garage). The second is an easement agreement and covenants, conditions, and restrictions (CC&Rs) that will address the respective roles and responsibilities of the City and the Chamber of Commerce concerning the management of the 120 Estudillo Avenue office space within the Downtown Parking Garage (Garage). The amendment will add the Parking Authority as a party to the agreements because it is the co-owner with the City of San Leandro (City) of the Parcels at 120-122 Estudillo Avenue.
BACKGROUND
In July 2005, the former Redevelopment Agency (Agency) began discussions with the Chamber regarding Agency...
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