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I. SUMMARY OF SALIENT FACTORS AND CONDITIONS A. Assignment Detern ine the fair reuse value for the former San Leandro Corporation Yard site being conveyed by the Agency to the Developer, given the specific development agreed to in the proposed amended and restated disposition and development agreement (DDA) by and between the . Redevelopment Agency of the City of San Leandro (Agency) and Creekside Associates, LLC (Developer). B. Project The project ( "Project ") will consist of construction of a high quality, first -class office complex with three buildings to be developed in a single phase containing approximately 203,000 sq.ft. of Gross Building Area (GBA). The Project includes higher quality building design, materials and site amenities than otherwise would be constructed for a Class A office project at this location. The Project also includes a parking deck. The Project must conform to the development standards contained in the proposed Agreement. C. Site/LandArea The site ("Site ") to be conveyed is comprised of the former San Leandro Corporation Yard site, a parcel located at 960 San Leandro Boulevard totaling 279,269 sq.ft. (6.41 acres) in net usable land area currently owned by the Agency. The Agency will retain or deed the adjacent creekside property to the City. D. Location The Project is located at the northeast corner of San Leandro Boulevard and Davis Street in downtown San Leandro. The Site is in the San Leandro Plaza Redevelopment Project Area. 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 The Site is the former site of the San Leandro Corporation Yard and is a vacant, unimproved lot. Keyser Marston Associates. Inc. D'17c 19096.026\002- 001.doc Page 1