Reso 1996-062 - Laserfiche WebLink

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Mw^' ,%M M"Y VnH < <YY ^�^'�� '^Y^ ^'<�^ ^CC' M I • it tillP MAW 60 SLNT F 419, AN D�CONDITIONS>M,ik`MM� 3 kn±eRl+Ct .<e 3 �w.,,ir...., nh lc r <.<S <.:?� ;:,�,.r.. JC^1.I ...�/�,< rv.. �..:,.»++ s�+ MYm .�:1...ro..�`.v✓<:..nb....N<ys s.0.. <s...>'x:^U'C`w.f..L^k riro1. ;�..% A. Assignment Determine the fair reuse value for the subject site being conveyed by the Agency to the Auto Dealer, given the specific development agreed to in the proposed disposition and development agreement (DDA), which requires the Auto Dealer to develop one new and one used automobile dealership on the north side of Marina Boulevard in San Leandro. The site to be conveyed is comprised of three parcels located at 1066 -1072 and 1152 Marina Boulevard, totaling 1.32 acres in size. Separately, the Auto Dealer is privately purchasing 3.66 acres for the purpose of developing additional dealerships. B. Project Description This reuse appraisal and the Section 33433 Report address only the sale of three parcels described above for the development of one new and one used automobile dealership. The other parcels comprising the Project are private acquisitions and are described later in this report. Overall, the proposed development ( "Project ") will consist of four new automobile dealerships and one used car facility to support the new car dealerships, including vehicle showrooms, office areas, service bays, retail parts departments, an on -site parking area and ancillary grounds landscaping. There will be no publicly owned facilities. C. Site/Land Area The subject of this reuse appraisal is the 1.32 acres to be assembled and conyeyed by the Agency. D. Location The site on which the Project will be constructed consists of parcels on the north side of Marina Boulevard just east of Interstate 880, directly across from the Marina Square Shopping Center. The project site is located in the Joint County of Alameda -City of San Leandro Redevelopment Project Area. The overall site enjoys good visibility from Marina Boulevard. Access to the site is only fair, as a result of traffic configuration. There is a painted median along Marina Boulevard in the area of the overall site, requiring vehicles traveling eastbound on Marina Boulevard to make U -turns at Teagarden Street to access a portion of the site (1066 -1072 Marina Boulevard). 1152 Marina Boulevard is at a signalized intersection, however, and has good access. KEYSER MARSTON ASSOCIATES INC. 19096'0014-003.doc Page 1