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WHEREAS, the Successor Agency reviewed the sales price of comparable properties, as well as other responses to the RFP, and determined that the Purchase Price represents the fair market value of the Properties; WHEREAS, a Purchase and Sale Agreement (the "Agreement") was presented to the Board of Directors of the Successor Agency of the Redevelopment Agency of the City of San Leandro ("Board of Directors"); WHEREAS, the Board of Directors is familiar with the contents thereof-, and WHEREAS, the City Manager, acting as Executive Director of the Successor Agency, recommends approval of the Agreement. NOW, THEREFORE THE CITY COUNCIL FOR THE CITY OF SAN LEANDRO RESOLVES THAT: 1. Subject to approval by the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of San Leandro, the sale by the Successor Agency to David Langon Construction, Inc. of the properties identified herein and in the I -long Range Property Management Plan, is hereby approved; and 2. That the Agreement substantially in the form presented are hereby approved and execution by the Executive Director is hereby authorized; and 3. That the Executive Director is authorized to make non -substantial revisions to the Agreement, subject to the approval of the Agency Counsel; and 4. That the original executed agreement shall be attached to and made part of this resolution. 5. The Executive Director and his designees are authorized and directed to execute all documents and take all actions necessary to implement this Resolution, including without limitation the execution of quitclaim deeds, certificates of acceptance, and all other necessary instruments, as applicable. Introduced by Mayor Cutter, and passed and adopted this 19th day of June, 2017, by the following vote: Members of the Council: AYES: COUncilmernbers Ballew, Cox, Hernandez, Lee, Lopez, Thomas; Mayor Cutter (7) NOES: None (0) ABSENT: N :e _A(0) ATTEST: Tamika Greenwood, City Clerk RESOLUTION NO. 2017-092