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Article Nine: ECONOMIC DEVELOPMENT LOAN <br /> • <br /> 9.01 Agency's Assistance. <br /> Agency has assisted Developer in obtaining a San Leandro Economic <br /> Development Agency ( "EDA ") Loan in an amount approximately equal to Nine <br /> Hundred Thousand Dollars ($900,000) for a five (5) year term, at. no interest, and <br /> • with payment of all principal due at the end of the term to purchase 1302 Marina <br /> Boulevard. Agency shall provide further assistance to Developer by helping <br /> Developer obtain a second EDA loan to pay half of the total cost of acquiring existing <br /> easements at 1152 Marina Boulevard and acquiring a new easement at 2000 Wayne <br /> Avenue to- replace the extinguished easements. The Agency shall also assist <br /> Developer in obtaining an EDA grant to pay the other half of the total cost of <br /> acquiring existing easements at 1152 Marina Boulevard and acquiring a new <br /> easement at 2000 Wayne Avenue to replace the extinguished easements. Total cost <br /> to Developer shall include, and not be limited to, one -half (1/2) of the actual cost of <br /> extinguishing existing and acquiring new easements, administrative costs, and legal <br /> fees, and court costs, if any. <br /> Article Ten: RESTRICTION OF ACCESS ONTO WAYNE AVENUE <br /> 10.01 Agency Assistance. <br /> Agency shall schedule and notice public meetings and shall meet with property <br /> owners on and around Wayne Avenue to discuss access and restriction devices for <br /> Wayne Avenue. Agency shall use its best efforts to have the City of San Leandro <br /> carry out the restriction of Wayne Avenue as required for the successful use of the <br /> Improvements. Agency acknowledges that further development, in addition to the <br /> Improvements, may result in a re- evaluation of traffic circulation patterns on Wayne <br /> Avenue. <br /> Article Eleven: GENERAL MOTORS CORPORATION PARKING <br /> 11.01 Developer Obtains Parking Commitment. <br /> Developer shall use its best efforts to obtain an agreement with General <br /> Motors Corporation, which may include the Agency leasing or subleasing property <br /> with Agency's costs to be paid by Developer, which will allow Developer to enter, <br /> Disposition and Development Page 26 of 39 <br /> • <br /> • Agreement (Automall) <br /> 10/2/96 <br />