8H Consent 2012 0507 - Laserfiche WebLink

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City of San Leandro Meeting Date: May 7, 2012 Staff Report File Number: 12 -194 Agenda Section: CONSENT CALENDAR Agenda Number: 8.H. TO: City Council FROM: Chris Zapata City Manager BY: Luke Sims Community Development Director FINANCE REVIEW: Not Applicable TITLE: Staff Report for Resolution Approving the Termination of Disposition and Development Agreement between the City, Acting as Successor Agency to the Redevelopment Agency of the City of San Leandro, Batarse Family Trust U.T.A and McLellan Marina, LLC SUMMARY AND RECOMMENDATIONS Staff recommends that the City, serving as Successor Agency to the Redevelopment Agency, adopt a Resolution authorizing the City Manager to execute a Termination of Disposition and Development Agreement with the Batarse Family Trust, U.T.A. and McLellan Marina, LLC, for 575 Marina Boulevard. BACKGROUND In 2001, the City of San Leandro Redevelopment Agency entered into a Disposition and Development Agreement (DDA) with the Batarse Family Trust U.T.A. ( Batarse) for the development of an automobile dealership at 575 Marina Boulevard (property). This is the site of the former Yokota nursery. The DDA was amended in late 2001 to remove a requirement that the Redevelopment Agency retain a portion of the property to develop a road, and then again in 2002 to adjust the lot line to facilitate creation of a shared driveway. The property was developed consistent with the DDA and a Suzuki /Mitsubishi dealership opened in 2008. The recession impacted the economic viability of the automobile dealership and in 2011, the Redevelopment Agency executed a third amendment to the DDA to approve the lease of the developed property to Paramedics Plus, the medical ambulance service provider of Alameda County. Analysis The property is currently in escrow and a condition of the DDA is a requirement that the Redevelopment Agency approve the sale, lease or other transfer of the property prior to June City of San Leandro Page 1 Printed on 51112012