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File Number: 16-226 <br />as they are for governmental use and do not have private development potential. Although the <br />City will assume responsibility for the maintenance of these properties, in most cases it is <br />already providing maintenance services and the transaction will therefore not result in <br />increased costs. <br />One property, the Burrell Field site of the Auto Mall reader board sign, is leased to a private <br />entity through 2037. Although the lease does not currently generate any revenue, a provision <br />in the lease requires the initiation of annual payments in 2017. The amount of the payments <br />will be determined by a future appraisal. After the transfer of the properties, all lease revenue <br />will go to the City General Fund. <br />ATTACHMENT <br />·Long Range Property Management Plan <br />PREPARED BY: Katie Bowman, Business Development Specialist, Community Development <br />Department <br />Page 4 City of San Leandro Printed on 5/10/2016