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Section 65867. As required by Government Code Section 65867.5, City has found that the <br /> provisions of this Development Agreement and its purposes are consistent with the goals, <br /> policies, standards and land use designations specified in City's General Plan. <br /> N. On February 20, 2014,the City of San Leandro Planning Commission(the <br /> "Planning Commission"),the initial hearing body for purposes of development agreement <br /> review, recommended approval of this Development Agreement pursuant to Resolution No. <br /> 2014-02. <br /> O. On April 7, 2014,the City of San Leandro City Council (the"City Council") <br /> adopted its Ordinance No. 2014-002 (the "Approving Ordinance") approving this Development <br /> Agreement and authorizing its execution. The Approving Ordinance will take effect on May 21, <br /> 2014 (the "Effective Date"). <br /> P. For the reasons recited herein, City and Developer have determined that the <br /> Project is a development for which this Development Agreement is appropriate. This <br /> Development Agreement will eliminate uncertainty regarding Project Approvals (including the <br /> Subsequent Approvals),thereby encouraging planning for, investment in and commitment to <br /> develop the Property. Continued use and development of the Property will in turn provide <br /> substantial employment and property tax benefits, and contribute to the provision of needed <br /> infrastructure and housing for area growth,thereby achieving the goals and purposes for which <br /> the Development Agreement Legislation was enacted. <br /> Q. The terms and conditions of this Development Agreement have undergone <br /> extensive review by City staff, the Planning Commission and the City Council at publicly noticed <br /> meetings and have been found to be fair,just and reasonable and in conformance with the City <br /> General Plan and the Development Agreement Legislation, and, further,the City Council finds <br /> that the economic interests of City's residents and the public health, safety and welfare will be <br /> best served by entering into this Development Agreement. <br /> NOW, THEREFORE, in consideration of the mutual covenants and promises set forth <br /> herein, City and Developer agree as follows: <br /> ARTICLE 1. <br /> GENERAL PROVISIONS <br /> 1.1. Parties. <br /> 1.1.1. City. City is a California municipal corporation, with offices located at <br /> 835 East 14th Street, San Leandro, CA 94577-3767. "City,"as used in this Development <br /> Agreement, includes City and any assignee of or successor to its rights,powers and <br /> responsibilities. <br /> 1.1.2. Developer. Developer is a Delaware limited partnership,with offices <br /> located at 520 South El Camino Boulevard, San Mateo, CA, 94402. "Developer," as used in this <br /> Development Agreement, includes any permitted assignee or successor-in-interest as herein <br /> provided. <br /> 3 <br />