Title
Staff Report for Resolutions Approving the Parking Authority of the City of San Leandro's Quitclaim Deed to the City of San Leandro Releasing a Parking Easement on the Public Parking Lot Located at the Northeast Corner of East 14th Street and Callan Avenue (APN 077-0447-007-01)
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council, serving in its capacity as the Board of Directors of the Parking Authority of the City of San Leandro (Parking Authority), approve the Resolution that grants a quitclaim deed to the City of San Leandro to release a parking easement on the parking lot located at the northeast corner of East 14th Street and Callan Avenue. Staff further recommends that the City Council approve the Resolution to accept the quitclaim deed, which will convey all parking easement and other rights to the City of San Leandro. This transfer is necessary to clear title on the City's East 14th Street and Callan Avenue public parking lot property, which will allow for redevelopment of the site in accordance with the Purchase and Sale Agreement between the City of San Leandro and Sansome Pacific Properties.
BACKGROUND
On February 16, 2016, the City of San Leandro approved a Purchase and Sale Agreement with Sansome Pacific Properties, Inc. for the redevelopment of the public parking lot located at the northeast corner of East 14th Street and Callan Avenue. Concurrently, the owners of the adjacent property at 1188 East 14th Street (former CVS/Long's Drug Store) entered into a Purchase and Sale Agreement for the same. The planned redevelopment of these sites will include a mix of retail and residential uses, and associated parking.
The original development of the former Long's Drug Store at 1188 East 14th St. and the associated public parking at Callan Ave. and Hyde St. (the "Property") was governed by an Agreement dated December 15, 1969, between the City of San Leandro, the San Leandro Redevelopment Agency, Longs Drug Stores, ...
Click here for full text