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File Number: 17-344 <br />Construction specializes in moderate to medium density in-fill housing through redevelopment <br />or vacant land. <br />Langon Construction proposes to build for sale market rate condos, and meet the City’s 15% <br />affordable requirement. The residential project includes a private fitness center, rooftop open <br />space, outdoor amenities and grade level parking. The proposal also includes an <br />approximately 3,000 square foot bar and grill style restaurant along Washington Avenue with <br />outdoor seating. Mixed-use residential is permitted in the DA-1-Downtown Mixed Use Zoning <br />District and ground floor retail is required along Washington Avenue. <br />Langon Construction was selected for the following reasons: <br />·Its proposal is in line with the City’s Transit Oriented Development (TOD) strategy goals <br />for Downtown, which strives to provide mixed-use retail and multi-family residential. <br />·The proposal’s primary goal is to provide high quality condominiums that are for sale <br />along with moderate and low income inclusionary units. <br />·Langon’s experience working in San Leandro producing other high quality projects, <br />such as Toscani Place and Arbor Place. <br />·Langon had an exclusive negotiating agreement with the RDA for development of the <br />property in 2008 and already studied the property extensively, which should enable it to <br />bring the proposed project to market expeditiously. <br />·A qualified and well-regarded architect with experience in in-fill and mixed use <br />development design. <br />·Langon’s proposal to build a restaurant meets an identified need in the downtown area <br />and its team has experience constructing and operating restaurants. <br />·Langon offers a price that is competitive based upon other viable offers received. <br />Terms of Purchase and Sale Agreement <br />Staff prepared a Purchase and Sale Agreement based upon the following key terms: <br />Purchase Price: $1,150,000 <br />Deposit:$34,300, refundable only until the close of due diligence <br />Due Diligence:90 days for buyer to investigate property details <br />Close of Escrow: 30 days following end of due diligence to complete sale <br />Extensions:One (1) thirty (30) day extension. Additional $10,000 deposit <br />required -refundable and applicable toward sale price. <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 David Langon <br />Construction, Inc. for sale of Successor Agency-owned properties at 1595 Washington <br />Avenue and 268 Parrott Street, in keeping with the Successor Agency’s Long Range Property <br />Page 3 City of San Leandro Printed on 6/13/2017 <br />338