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This report outlines the salient parts of the proposed Disposition and Development Agreement <br /> (Agreement) by and between the City of San Leandro Redevelopment Agency (Agency) and The <br /> Batarse Family Trust (Auto Dealer), under which the Auto Dealer will use the subject site for the <br /> development, construction and operation of one new car dealership and one used automobile facility. <br /> The purpose of this analysis is to determine the cost of the Agreement to the Agency. <br /> This report is based upon information in the proposed Agreement and is organized into the following <br /> five sections: <br /> 1. Summary of the Proposed Agreement - This section includes a description of the <br /> site, the proposed development and the major responsibilities of the Agency and the <br /> Auto Dealer. <br /> 2. Cost of the Agreement to the Agency - This section outlines the cost of the <br /> Agreement to the Agency. It presents the terms of the land conveyance to the Auto <br /> Dealer by the Agency, and sets forth the net cost of the Agreement of the Agency. <br /> 3. Estimated Value of the Interest to be Conveyed - This section summarizes the <br /> value of the site to be conveyed to the Auto Dealer. <br /> 4. Elimination of Blight - This section includes an explanation of why the sale of the <br /> property will assist in the elimination of blight and the supporting facts and materials. <br /> 5. Consideration Received and Reasons Therefore - This section describes the <br /> purchase price to be paid by the Auto Dealer to the Agency. It also contains a <br /> comparison of the purchase price and the fair market value at the highest and best use <br /> consistent with the redevelopment plan for the interests conveyed. <br /> KEYSER M A RSTON ASSOCIATES INC. <br /> 19096'0014-0024oc Page 2 <br />