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<br />IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br /> <br />RESOLUTION NO. 2007 - RDA <br /> <br />A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br />APPROVING AN OWNER P ARTICIP ATION AGREEMENT (OP A) BETWEEN THE SAN <br />LEANDRO REDEVELOPMENT AGENCY AND WHITE HOUSE EVENTS, LLC FOR THE <br />DEVELOPMENT OF PROPERTY IN THE WEST SAN LEANDRO/MACARTHUR <br />BOULEVARD REDEVELOPMENT PROJECT AREA LOCATED AT 599 MACARTHUR <br />BOULEVARD (APN 076032600901) <br /> <br />RECITALS <br /> <br />WHEREAS, the Redevelopment Agency desires to alleviate blight in the Redevelopment <br />Area by encouraging the development of new uses in the Project Area. <br /> <br />WHEREAS, the Redevelopment Agency desires to encourage land uses that are consistent <br />with the West San LeandrolMacArthur Boulevard Redevelopment Project Area and compatible with <br />surrounding uses. <br /> <br />WHEREAS, White House Events, LLC (the "Owner") desires to design, develop and <br />construct improvements necessary to upgrade the property at 599 MacArthur Boulevard. <br /> <br />WHEREAS, the Agency and the Owner have negotiated the Owner Participation Agreement <br />whereby the Owner shall further develop the property. <br /> <br />WHEREAS, the Agency fmds and declares that the Owner Participation Agreement will <br />assist in preventing the spread of blight in the Project Area, through the provision of upgraded <br />construction and new employment opportunities in the Project Area and by permitting the property to <br />be developed in a manner compatible and consistent with the existing Implementation Plan and <br />Redevelopment Plan. <br /> <br />WHEREAS, the Agency fmds and declares that environmental review oftms Agreement is <br />not required pursuant to CEQA Guidelines Section 15332. <br /> <br />NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro hereby <br />approves the Owner Participation Agreement and a forgivable loan not to exceed $50,000 to White <br />House Events, LLC for identified improvements, and directs the Executive Director to appropriate <br />funds as necessary therefore, and to execute the Owner Participation Agreement and any and all <br />other documents necessary to implement the terms and conditions thereof. <br /> <br />1 <br />