Title
Staff Report for Resolution Authorizing the City Manager to Execute a Purchase and Sale Agreement with Sansome Pacific Properties, Inc. for Sale of the City-Owned Parking Lot at 1188 East 14th Street (APN 077-0447-007-01)
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council approve the attached Resolution authorizing the City Manager to Execute a Purchase and Sale Agreement with Sansome Pacific Properties, Inc. for Sale of the City-owned Parking Lot at 1188 East 14th Street, thereby facilitating the development of this transit-oriented opportunity site and generating approximately $1.2 million in revenue for the General Fund.
BACKGROUND
The adoption of the Downtown San Leandro Transit-Oriented Development ("TOD") Strategy in 2007 included the identification of several opportunity sites that were determined to be well-suited to the high-density, walkable development characteristics envisioned in the plan. One of the opportunity sites is the block bounded by East 14th Street, Callan Avenue, Hyde Street, and Chumalia Street, which is comprised of a corner parcel and building owned by CVS Health ("CVS"), a mixed used property controlled by the Portuguese Fraternal Society of America ("PFSA"), and a City-owned parking lot. This block was selected because of its central location at the most significant intersection in Downtown San Leandro and because the existing development is relatively low density as it is made up of one- and two-story buildings and a large surface parking lot. By contrast, the TOD Strategy envisioned higher-density, mixed use development that would support a more vibrant and pedestrian-friendly downtown.
At the time of the adoption of the TOD Strategy there was little opportunity for new development at this location because CVS (then known as Long's Drugs) was operating a pharmacy on the corner parcel and had a long-term lease for non-exclusive use of the City-owned parking lot at no cost. When the ...
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