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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2000 - 5 RESOLUTION OF THE SAN LEANDRO REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO APPROVING SELECTION OF CREEKSIDE ASSOCIATES, LLC, AS DEVELOPER, AND APPROVING THE REUSE REPORT REQUIRED BY HEALTH & SAFETY CODE § 33433 FOR PROPERTY LOCATED AT 960 SAN LEANDRO BOULEVARD (APN 75-36-52) AND TRANSMISSION OF THE REPORT TO THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RECITALS WHEREAS, the Agency has considered the selection of, and entering into a disposition and development agreement with a developer for the disposition and development of property with two high-quality office buildings with an improved plaza area in accordance with specifications all as more particularly described in the "Agreement," as defined below, at the property located at 960 San Leandro Boulevard (the "Property"), in the Plaza 2 Redevelopment Project ("Project"); WHEREAS, California Redevelopment Law further provides that the Agency may select and designate a developer for a designated site based upon the selected developer's plan and his or her financial ability and technical ability to successfully undertake and complete the development program; WHEREAS, the Agency has selected Creekside Associates, LLC ("Creekside") as Developer for the proposed development of the Property and the provision of certain creekside improvements and maintenance of certain publicly owned property adjacent to the Property (the "Adjacent City Property"), based upon the Agency's determination that Creekside has the necessary expertise, skill and ability to carry out the commitments contained in the Disposition and Development Agreement ("Agreement") between the Agency and Creekside, which are in the best interests and will materially contribute to the Project; WHEREAS, the Agreement provides for the disposition by the Agency to Creekside of the Property for a purchase price of Two Million Two Hundred Sixty -Five Thousand One Hundred Twenty Dollars ($2,265,120) (the "Purchase Price") and additional consideration under the terms of the Agreement; WHEREAS, Agency has caused to be prepared a report required by Health and Safety Code § 33433 ("Reuse Report") which contains a summary of the Disposition and Development Agreement ("Agreement") to be entered into between the Agency and Creekside and a summary of the cost of Agreement to the Agency;