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WHEREAS, the summary of the cost of the Agreement includes land acquisition costs; <br />and the estimated value of the interest to be conveyed determined at the highest and best use <br />permitted under the Redevelopment Plan; the estimated value of the interest to be conveyed <br />determined at use with conditions, covenants, and development costs required by the sale; and an <br />explanation of why the sale of the Property will assist in the elimination of blight; <br />WHEREAS, the Agency has made the Reuse Report available for public inspection <br />pursuant to Health and Safety Code § 33433; <br />WHEREAS, the Agency has held a properly noticed public hearing and taken all other <br />actions required by law to prepare and present the Reuse Report and the Developer selection; and <br />WHEREAS, the Agency does hereby take official notice of all documents, surveys, <br />records and reports maintained in the ordinary course of business by the Agency and the City of <br />San Leandro relating to the real property which is the subject of the Reuse Report and the <br />Developer selection, and the Agency has considered the report and recommendations regarding <br />the Reuse Report and the Developer selection and has provided an opportunity for all persons to <br />be heard, and has received and considered all evidence and testimony presented for or against <br />any and all aspects of the Reuse Report and the Developer selection. <br />NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro does <br />hereby resolve as follows: <br />Section 1. The selection of Creekside by the Agency as the Developer is hereby <br />approved, subject to the commitment by Creekside to perform as Developer under the <br />Agreement. <br />Section 2. The Reuse Report required by Health and Safety Code § 33433, copies of <br />which are on file in the office of the City Clerk, and all related documents, correspondence and <br />transmittals, including those documents relating to the Agreement between the Agency and <br />Creekside, copies of such Agreement are also on file in the office of the City Clerk, are hereby <br />approved. <br />Section 3. The Agency hereby transmits the Reuse Report to the City Council of the <br />City of San Leandro. <br />2 <br />-gAdebl Q'reekside business park\ <br />Resolution approving selection of Master Developer.doc <br />