Title
Staff Report for a City of San Leandro City Council Ordinance for the First Amendment to the Development Agreement for 2436 Washington Avenue - 2450 Washington Avenue Development Project
StaffReport
SUMMARY AND RECOMMENDATIONS
In November 2011 and December 2011, the City Council adopted Resolution No. 2011-192 and 2011-193, and Ordinance No. 2011-013, approving a 66-unit residential rental apartment project referred to as the 2450 Washington Avenue Development Project ("Project"), APN 077D-1410-025-00, PLN2009-00006 and PLN21-0001. The Project approval consisted of Vesting Tentative Tract Map 8003, a General Plan Map Amendment from Office to High Density Residential, a Rezone from P (AU)-Professional with Assembly Use Overlay to RM-1800(PD)-Residential Multi-Family with Planned Development Overlay, a Development Agreement, an Initial Study, a Mitigated Negative Declaration and a Mitigation Monitoring Reporting Program.
The project's approved Development Agreement has an initial ten (10) year term, expiring on January 4, 2022, which may be extended for one additional five (5) year term. This would extend the life of the Development Agreement, as well as the Vesting Tentative Tract Map, to January 4, 2027.
The Development Agreement approved in 2011 contemplated the Project as rental housing. Section 2.10 of the Development Agreement prohibits the Applicant from requesting approval for conversion to a for-sale condominium project. This provision may only be amended through approval by the City Council.
The Developer, William Mathew Brooks of Wm. Mathews, Inc. (the "Applicant"), submitted an application to amend the Development Agreement: (1) to exercise the five (5) year term extension; and (2) to modify the Development Agreement by deleting Section 2.10.
Staff recommends that the City Council approve the amendments to the Development Agreement, as reflected in the proposed First Amendment to the Development Agreement.
Staff further recommends a...
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