Title
Staff Report for Resolutions Authorizing the City Manager to Execute a Purchase and Sale Agreement with BEAM Development, LLC, for Sale of Successor Agency-owned Property at 290 Davis Street, 250 Davis Street, 222 Davis Street, 212 Davis Street and 1199 E 14th Street; and for Sale of City-owned Property at 262 Davis Street, San Leandro, California.
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council, serving in its capacity as the Board of Directors of the Successor Agency to the Redevelopment Agency of the City of San Leandro (Successor Agency), approve a Resolution authorizing the City Manager, acting as the Executive Director of the Successor Agency, to execute a Purchase and Sale Agreement with BEAM Development, LLC (BEAM) for sale of the following Successor Agency-owned properties in keeping with the Successor Agency's Long Range Property Management Plan:
* 290 Davis Street (APN: 075-0001-010-02)
* 250 Davis Street (APN: 075-0001-008-02)
* 222 Davis Street (APN: 075-0001-006-00)
* 212 Davis Street (APN: 075-0001-005-00)
* 1199 East 14th Street (APN: 075-0001-004-00)
Staff also recommends that the City Council approve a Resolution authorizing the City Manager to execute a Purchase and Sale Agreement with BEAM Development, LLC, for the sale of the following City-owned property, which is adjacent to the Successor Agency-owned properties:
* 262 Davis Street (APN: 075-0001-009-02)
BACKGROUND
The properties offered for sale are a part of what is known as Town Hall Square in Downtown San Leandro. The City's Redevelopment Agency (RDA) acquired the properties as a part of an effort to assemble the entirety of the block bounded by East 14th Street, Davis Street and Hays Street (now known as Dan Niemi Way). The six Successor Agency- and City-owned properties comprise just over half an acre (0.68 acre). The entire Town Hall Square site is approximately 1.5 acres. See attached map.
The property at 290 Davis Street was acquired ...
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