BusDev Highlights 2006 0511 - Laserfiche WebLink

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building up to 50 feet high. The Garden Terrace condominiums next door area 25 unit five- story building. There is asingle-family home on the other side of the parcel. Hanson Hom shared that he believes that the proposed townhouse project is a good transition between the large condominium building and the single family home. Elmer Penaranda showed the Committee pictures and oriented them with the site and the proposed development. He explained that the buildings were set back 10 feet from the property line as required. The public was then invited to comment on the project. Virginia Eldridge, a resident of Estudillo Estates who owns a condominium in the Garden Terrace development, shared that 22 residents of Garden Terrace signed a petition requesting that the 1537 Hays development be limited to three two-story homes. She believes that the proposed development will decrease the value of their unit by $100,000 and shared that as a long-time San Leandro resident, she and her husband want to continue to reside in the City. Lester Williams, a Garden Terrace resident, complained that the proposed development was too many, too high and too close. He expressed his concern about his unit looking into the backyards of the development at dogs, plastic tarps on lawnmowers and other eyesores. David Langon, the developer, shared that he held a community meeting prior to drawing up plans and no Garden Terrace residents attended. The proposed development complies with zoning requirements having fewer than eight units, being shorter than 50 feet and honoring all set backs. He also shared that he explored the possibility of expanding the property by purchasing neighboring sites. 3. Town Hall Square Project Exclusive Negotiation Agreement with the Olson Company Cynthia Battenberg reported that the Exclusive Negotiation Agreement with the Olson Company is due to expire on June 30, 2006. Over the past year Olson has made offers to the three remaining properties, the City worked with the Chamber to assist them in relocating and completed acquisition of the Great Western Savings building. The Agency would like to exercise its right to extend the agreement by six months giving Olson and the City additional time to complete the following with a goal of entering into a Development Agreement by the end of the six month period. • Olson will further refine the project including a revised conceptual plan and projected costs. • Olson will complete soil studies to determine if underground parking is possible. • The City will take the lead in acquiring the remaining three properties, and assist the Chamber in relocating. • The City will further explore the financial feasibility of the project. Committee Recommendation The Business Development Committee recommended the Agency exercise its right to extend the Exclusive Negotiation Agreement with Olson Company. 4. Update on Development Projects