Agmt 2008 Kaiser Foundation Hospitals

Home

Execution Version MEMORANDUM OF UNDERSTANDING BETWEEN KAISER FOUNDATION HOSPITALS AND THE CITY OF SAN LEANDRO KAISER FOUNDATION HOSPITALS, a California nonprofit public benefit corporation ("Kaiser") and the CITY OF SAN LEANDRO, a municipal corporation of the State of California ("City"), he~eil7after referred to as the ("Parties") enter into this Memorandum of Understanding as of this ~_ of ~~~ 2008 (this "Agreement"). This Agreement is based upon the following understandings: RECITALS A. Kaiser Permanente is comprised of three major corporations -Kaiser Foundation Health Plan, Inc., and its subsidiaries, Kaiser Foundation Hospitals and the Permanente Medical Groups-and is collectively referred to as the Kaiser Permanente Medical Care Program ("Kaiser Permanente"). The Kaiser Permanente San Leandro Medical Center campus (the "Medical Center") is expected to serve approximately 265,000 members in Kaiser's Greater Southern Alameda Area. After opening, the Medical Center will be recruiting employees from a wide range of professions to service the Medical Center to work and live in San Leandro. The Parties acknowledge that the economic impacts created by this the Medical Center will help generate employment and economic development in the city of San Leandro and the County of Alameda; such as construction-related and service industry jobs, and will be an important part of the emergence of the Kaiser Permanente San Leandro Medical Center as a regional medical center and a Healthcare Center of Excellence. B. Kaiser owns 62.96 acres of property in the city of San Leandro that is bordered by Merced Street, Marina Boulevard, Fairway Drive and Interstate 880 (the "Medical-Retail Complex"). Kaiser desires to subdivide the Medical-Retail Complex into a 28-acre parcel for future retail development and retain the remaining 34.96-acre parcel as a future Kaiser Permanente hospital site. Once approved by Kaiser's Board of Directors, Kaiser intends to build a new state- of-the-art Medical Center to replace its existing Hayward hospital with facilities that will comply with the seismic safety regulations set forth in SB 1953 and related laws. C. Kaiser desires to sell the 28-acre parcel to ICI Development Company ("ICI") in 2008 for retail development. ICI has submitted a completed application to the City for environmental review of a retail and residential housing development project that will provide needed services to future Kaiser Permanente members, employees and visitors at the Medical Center. The City and ICI are processing the project approvals, agreements, permits and entitlements for certification of a mixed use retail project under the California Environmental Quality Act for approval by the San Leandro City Council in the summer of 2008 (the "Retail Project"). ~' '~ ~~ ~ n~ t~~