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CITY OF.SAN LEANDRO ` i CITY OF SAN .IiEAN1)RO <br /> DEVELOPMENT SERVICES DEPT. OEVELOPMENT$&RYIOES DEPT. <br /> 835 EAST 14th STREET 835 EAST 14th STREET <br /> SAN LEANDRO, CA 94577 SAN LEANDRO, CA 94577 <br /> OWNER PARTICIPATION AGREEMENT WITH FORD LEASING DEVELOPMENT COMPANY <br /> FOR THE DEVELOPMENT OF THE PROPERTY AT 1111 MARINA BOULEVARD <br /> INTO A NEW AUTOMOBILE DEALERSHIP <br /> (APN 77A-0648-023-01) <br /> THIS AGREEMENT is entered into this 6th day of March, 2000, by and between the <br /> REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO (the "Agency") and FORD <br /> LEASING DEVELOPMENT COMPANY, a Delaware Corporation, (the "Participant"). The <br /> Agency and the Participant agree as follows: <br /> [Section 100] SUBJECT OF AGREEMENT <br /> A. [Section 101] Purpose of Agreement <br /> The purpose of this Agreement is to effectuate the Redevelopment Plan (the "Plan") for <br /> the Joint City of San Leandro/Alameda County Redevelopment Project Area (the "Project <br /> Area"), and to provide an opportunity for an existing Ford dealership in the City of San Leandro <br /> to relocate within the City to the new Marina Square Auto Center. <br /> B. [Section 102] The Redevelopment Plan <br /> The Plan is the Alameda County - City of San Leandro Redevelopment Plan, which was <br /> approved and adopted on July 12, 1993, by the Board of Supervisors of the County of Alameda <br /> by Ordinance No. 0-95-5, as amended, and by the City Council of the City of San Leandro by <br /> Ordinance No. 93-012, as amended. <br /> C. [Section 103] Project Area <br /> The Project Area is located in the City of San Leandro and unincorporated areas of the <br /> County of Alameda, California, the boundary of which is specifically described in the Plan. <br /> D. [Section 104] Definitions <br /> 1. [Section 105] The Site <br /> The Site is that portion of the Project Area consisting of real property located at <br /> 1111 Marina Boulevard and shown on the Site Map attached hereto as Exhibit A and <br /> incorporated herein by this reference. <br /> 2. [Section 106] Development <br /> The Development is an automobile dealership at 1111 Marina Boulevard that will <br /> be a full-service new car dealership consisting of, at a minimum, new car sales, pre-owned car <br /> sales and a service department. <br /> Owner Participation Agreement Page 1 of 9 <br />