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00D Perking <br />G [}1 l J <br />Lfr�� <br />as rklnq ve—t Bu i IEing(RDA)��. <br />C. PLLP� <br />�TD <br />s <br />Property Description <br />These five Successor Agency parcels are part of a larger area that is known as Town Hall Square <br />in Downtown San Leandro. The City's Redevelopment Agency (RDA) acquired these parcels as <br />part of an effort to assemble the entirety of the block bounded by East 14th Street, Davis Street <br />and Hays Street (now known as Dan Niemi Way). The property at 290 Davis Street was acquired <br />in 2004 for $500,000 and the building was subsequently demolished. The acquisition cost and <br />current value shown above reflect only the land value. The other four parcels were acquired as <br />part of one transaction for $735,000, also in 2004. The building at 1199 East 14th Street has <br />been vacant for more than ten years and is in poor condition and assumed to have no value at <br />this time. Collectively, the Town Hall Square block constitutes an opportunity site for mixed use <br />development in Downtown San Leandro. <br />The five Successor Agency parcels comprise just over half an acre. The entire Town Hall Square <br />site is approximately 1.5 acres. <br />Proposed Disposition: Sold for Future Development <br />The Successor Agency proposes to sell these properties together through a Request for <br />Proposals (RFP) process. The RFP will require potential purchasers to list an offering price for <br />6 1 San Leandro I Long Range Property Management Plan I November 2015 <br />