Laserfiche WebLink
File Number: 13-126 <br />The elimination of redevelopment agencies by the State impacted the ability of the <br />City/Agency to exchange the property under the 2008 Lease with Option to Purchase <br />Agreement. The new property exchange agreement allows for that property exchange as <br />envisioned. It includes the main provisions of the 2008 agreement. The Property Exchange <br />and Indemnity Agreement with One and Only Right of First Offer transfers ownership of the <br />Chamber Property at 262 Davis Street to the City and in exchange transfers ownership of the <br />Office Parcel at the garage to the Chamber . The agreement is an even exchange, meaning <br />that no money is being exchanged, just the real property. The Chamber will be paid the <br />$10,000 promised in the 2008 agreement for its relocation costs to the Garage. The <br />agreement also gives the City the right to make one offer for the parcel if the Chamber desires <br />to sell it. If the Chamber refuses to accept the City’s offer , this right is extinguished. It is the <br />Chamber’s desire to move into the space as soon as the Parcel Map is recorded , and these <br />two agreements are subsequently recorded. The Chamber will not be moving in prior to that. <br />Current Agency Policies <br />The Transit Oriented Development Strategy adopted by the City Council in September 2007 <br />identified development of Town Hall Square into a mixed use development as a priority . <br />Previous Actions <br />On September 2, 2008, by Resolution No. 2008-023 RDA, the Agency approved the Lease <br />with Option to Purchase Agreement . <br />Environmental Review <br />Acquisition of the Chamber property is exempt from CEQA pursuant to Section 15061(b)(3) <br />which applies to “projects where it can be seen with certainty that there is no possibility that <br />the activity in question may have a significant effect on the environment .” The potential <br />development of the site was covered under the Downtown San Leandro TOD Strategy at the <br />Program EIR level. Specific development applications for the site will be reviewed in the <br />future to determine if the Program EIR adequately addressed those potential impacts. <br />ATTACHMENTS <br />None. <br />PREPARED BY: Tara Peterson, Administrative Services Manager, Engineering & <br />Transportation Department <br />Page 3 City of San Leandro Printed on 3/26/2013