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• The draft DDA also specifies that the Developer shall improve another parcel, <br />635 Marina Boulevard, with paving and lighting. While this part of the Project is <br />part of the DDA, it is not the subject of this reuse appraisal because the Agency <br />has agreed to acquire the parcel and convey it to the Developer at full cost. <br />An additional portion of the Yokota property will be retained by the Agency, for <br />potential use to construct an access road, with an option to sell the site to the <br />Developer in 18 months at a price equal to the Agency's cost of acquiring the <br />land. <br />The Developer also already owns property at 545 and 575 Marina Boulevard that <br />the DDA specifies must be developed in conjunction with the Site. The Agency <br />will reimburse the Developer for widening of Marina Boulevard fronting 575 <br />Marina Boulevard. Since this is a reimbursement for Developer expenses for the <br />road widening project and not directly related to this transaction, it is not subject <br />to the reuse valuation. <br />The remainder of this report shall deal only within those portions of the project that are <br />subject to a reuse valuation. <br />Conley Consulting Group Page 13 of 22 <br />9-9 Bartarse Reuse 10300.006 v5 September, 2001 <br />