Inst 2011 Agmt Wm Mathews Inc - Laserfiche WebLink

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G. City has determined that by entering into this Development Agreement: (1) City will ensure the productive use of property and foster orderly growth and quality development in City; (2) development will proceed in accordance with the goals and policies set forth in the City of San Leandro General Plan (the "General Plan ") and will implement City's stated General Plan policies; (3) City will receive substantially increased property tax revenues; and (4) City will benefit from increased housing and employment opportunities for residents of City created by the Project. H. Developer has applied for, and City has granted, the Project Approvals (as defined in Section 1.4) in order to protect the interests of its citizens in the quality of their community and environment. As part of the Project Approvals, City has undertaken, pursuant to the California Environmental Quality Act (Public Resources Code Section 21000 et seq., hereinafter "CEQA "), the required analysis of the environmental effects that would be caused by the Project and has determined those feasible mitigation measures which will eliminate, or reduce to an acceptable level, the adverse environmental impacts of the Project. The environmental effects of the proposed development of the Property were originally analyzed by the Mitigated Negative Declaration (as defined in Section 1.4.1) adopted by City on November 21, 2011 in connection with the Project. City has also adopted a mitigation monitoring and reporting program (the "MMRP ") to ensure that those mitigation measures incorporated as part of, or imposed on, the Project are enforced and completed. Those mitigation measures for which Developer is responsible are incorporated into, and required by, the Project Approvals. 1. In addition to the Project Approvals, the Project may require various additional land use and construction approvals, termed Subsequent Approvals (as defined in Section 1.4.7), in connection with development of the Project. J. City has given the required notice of its intention to adopt this Development Agreement and has conducted public hearings thereon pursuant to Government Code Section 65867. As required by Government Code Section 65867.5, City has found that the provisions of this Development Agreement and its purposes are consistent with the goals, policies, standards and land use designations specified in City's General Plan. K. On October 20, 2011, the City of San Leandro Planning Commission ( "Planning Commission "), the initial hearing body for purposes of development agreement review, recommended approval of this Development Agreement pursuant to Resolution No. 201 1- 001PC. On December 5, 2011, the City of San Leandro City Council ( "City Council ") adopted its Ordinance No. 2011-013 approving this Development Agreement and authorizing its execution. L. For the reasons recited herein, City and Developer have determined that the Project is a development for which this Development Agreement is appropriate. This Development Agreement will eliminate uncertainty regarding Project Approvals (including the Subsequent Approvals), thereby encouraging planning for, investment in and commitment to use and development of the Property. Continued use and development of the Property will in turn provide substantial housing, employment, and property tax benefits, and contribute to the provision of needed infrastructure for area growth, thereby achieving the goals and purposes for which the Development Agreement Legislation was enacted. 2