Reso 2017-005 SA - Laserfiche WebLink

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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 Property, 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 BAU Bay Area Urban Development, LLC. of property, identified as property #8 in the Long Range Property Management Plan, is hereby approved; and 2. That the Agreement substantially in the form presented is hereby approved and execution by the Executive Director is hereby authorized; and 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 an 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 Board Member Hernandez, and passed and adopted this 19th clay of June, 2017, by the following vote: Members of the Board: AYES: Members Ballew, Cox, f lernandez, Lee, Lopez, Thomas; Chair Cutter (7) NOES: None (0) ABSENT: None (0) ATTEST: , famika Greenwood, Secretary RESOLUTION NO. 2017-005 SA 2