Title
Staff Report for Resolution Approving and Authorizing the City Manager to Execute Two Agreements 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
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council approve and authorize the City Manager to execute two agreements with the Chamber of Commerce. The first is a property exchange agreement of the Chamber of Commerce’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 issues concerning the 120 Estudillo Avenue office space within the parking garage (Garage).
BACKGROUND
In July 2005, the former Redevelopment Agency (“Agency”) began discussions with the San Leandro Chamber of Commerce regarding Agency acquisition of 262 Davis Street (“Chamber Property”) in San Leandro. The Chamber Property was identified as a priority because of its location in the downtown area, adjacent to other Agency-owned property. The Property and the adjoining parcels were the focus of a specific planning effort to redevelop the entire block and create Town Hall Square. Preliminary design schematics were for a mixed use development (retail on the ground floor and residential above) including the closure of Hays Street.
The Chamber was open to selling the Property; however, there were specific criteria that needed to be met. The main criterion for the Chamber was the ability to relocate to another downtown location without significantly increasing costs.
The Agency’s and...
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