RDA Reso 2001-012 - Laserfiche WebLink

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D. Location The Project is located on Marina Boulevard between Alvarado Street and San Leandro Boulevard. It is separated from San Leandro Boulevard by the elevator BART train tracks. Additionally, it is bordered on the west by at-grade Union Pacific Railroad tracks. The Project is approximately a one half mile drive from Interstate 880. E. Land Use Designation This analysis presumes that the land use designation under the Redevelopment Plan will permit the development of the Project in accordance with the provisions of the DDA. F. Present Use All of the property that comprises the Site is utilized as a commercial nursery and single- family homes including buildings that are scheduled to be demolished according to the DDA. G. Reuse Conditions The draft DDA dated September 5, 2001 includes covenants and conditions that impact the development economics and hence the value of the interests conveyed to the Developer. This reuse analysis assumes compliance with these covenants and conditions. The more important reuse conditions for the proposed development are as follows: 1. The Agency will convey the Site to the Developer based upon the specific terms and conditions agreed to in the DDA. 2. The DDA requires the construction of the Project in accordance with the Final Construction Plans to be reviewed and approved by the Agency and within the time frame specified in the DDA. 3. Development of the Site will include automobile showrooms, a minimum frontage of 150 feet, a minimum size of not less that 20,000 net SF, and landscaping on the front and side of at least ten feet depth from the back of the sidewalk. 4. The dealerships being constructed on the Site, as well as other properties not subject to this reuse valuation, will be built to the same quality as other dealerships at 1314 and 1152 Marina Boulevard. Conley Consulting Group Page 5 of 22 9-9 Bartarse Reuse 10300.006 v5 September, 2001