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<br />WHEREAS, the conclusion of the Reuse Report, that the consideration for the property is <br />not less than the fair market value of the property, is hereby accepted by the Agency; and <br /> <br />WHEREAS, the sale of the property and the proposed development will contribute to the <br />elimination of blight in the Plaza project area; and <br /> <br />WHEREAS, the Agency is familiar with the contents of the Agreement; and <br /> <br />WHEREAS, the Executive Director recommends approval of the Agreement; <br /> <br />NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro hereby <br />resolves as follows: <br /> <br />Section 1. The Reuse Report required by Health and Safety Code 933433, copies of <br />which are on file in the office of the City Clerk, and all related documents, correspondence and <br />transmittals, including those documents relating to the Disposition and Development Agreement, <br />copies of such Agreement are also on file in the office of the City Clerk, are hereby approved. <br /> <br />Section 2. The Disposition and Development Agreement entered into between the <br />Agency and 1103 Davis Street LLC is hereby approved. <br /> <br />Introduced by Agency Member Nardine and passed and adopted this 18th day of July <br />2005, by the following called vote: <br /> <br />Members of the Agency: <br /> <br />A YES: Members Badger, Grant, Nardine, Santos, Starosciak, Stephens; Chair Young (7) <br /> <br />NOES: None (0) <br /> <br />ABSENT: None (0) <br /> <br />ATTEST: <br /> <br />~0~ <br /> <br />Marian Handa, Agenda Secretary <br /> <br />RESOLUTION NO. 2005-0J 3 RDA <br /> <br />2 <br />