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File Number: 12 -258 <br />• On November 16, 2009 the Redevelopment Agency approved an Exclusive Negotiating <br />Rights Agreement with Innisfree Ventures II, LLC for development of the Gateway (1550 <br />East 14th Street) and Town Hall Square sites. <br />Board /Commission Review and Actions <br />• The Planning Commission approved the entitlements for Village Marketplace on April 19, <br />2012. <br />Summary of Public Outreach Efforts <br />• Council work session April 25, 2011 <br />• Downtown Association June 24, 2011 <br />• Community Workshop September 2, 2011 <br />• Community Workshop September 27, 2011 <br />• Council Update November 7, 2011 <br />Legal Analysis <br />This staff report and Disposition and Development Agreement have been reviewed and <br />approved as to form by the City Attorney's office. <br />Fiscal Impacts <br />The proceeds from the Successor Agency's sale of 1550 East 14th Street will be forwarded to <br />the County Auditor - Controller for distribution to taxing entities if such proceeds are not needed <br />for approved development projects or to otherwise wind down the affairs of the former <br />Redevelopment Agency, each as determined by the Oversight Board. The City's share of the <br />proceeds is $270,000, or 12% of $2.25 million. <br />ATTACHMENTS <br />Memorandum from Keyser Marston, subject: Village Marketplace <br />PREPARED BY: Cynthia Battenberg, Business Development Manager, Community <br />Development Department <br />City of San Leandro Page 6 Printed on 511512012 <br />