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File Number: 17-340 <br />BAU proposes to renovate the existing fire station building to create an artists’ space, which <br />would include private and common studio space, an open gallery area, a rear sculpture <br />garden, and onsite parking. Artists’ studios are permitted in the CN-Neighborhood <br />Commercial District with a Conditional Use Permit. <br />Staff recommends approval of BAU’s proposal for the following reasons: <br />·BAU’s proposal is in line with the City’s Next Generation Workplace District goals, <br />which aim to ‘humanize’ the industrial area, provide amenities for workers, and <br />encourage more active use of spaces for advanced manufacturing and other innovative <br />uses. <br />·BAU’s proposal for a creative workspace has the potential to create a destination for <br />arts in west San Leandro and meets a need that has been identified by the San <br />Leandro arts community. <br />·BAU’s team has a strong track record completing a number of challenging projects in <br />the East Bay, including former Redevelopment Agency properties in neighboring <br />communities. <br />·The architect has experience in rehabilitating existing buildings and has begun to <br />evaluate the existing building to help address any challenges ahead. <br />·BAU’s proposal is well suited to the block along Marina Boulevard where the property is <br />located, which includes an eclectic mix of uses and building types at the intersection of <br />industrial and residential uses. <br />·BAU offers a price that is competitive based upon other viable offers received and <br />comparable sales values in the area. <br />Terms of Purchase and Sale Agreement <br />Staff prepared a Purchase and Sale Agreement based upon the following key terms: <br />Purchase Price:$513,000 <br />Deposit:$20,000, refundable only until the close of due diligence <br />Due Diligence:90 days for buyer to investigate property details <br />Close of Escrow:60 days following end of due diligence to complete sale <br />Extensions:No extension periods <br />As Is:A requirement that the property will be conveyed by Seller to <br />Buyer in an “As Is” condition, with no warranty as to the <br />physical condition including, but not limited to, the soil, its <br />geology, or the presence of hazardous materials. <br />Next Steps <br />The attached Resolution authorizes the City Manager, acting as the Executive Director of the <br />Successor Agency, to execute a Purchase and Sale Agreement with BAU Bay Area Urban <br />Development, LLC. for sale of Successor Agency-owned property at 2101 Marina Boulevard, <br />former Fire Station #11, in keeping with the Successor Agency’s Long Range Property <br />Management Plan. <br />Page 3 City of San Leandro Printed on 6/13/2017 <br />284