Reso 1998-009 - Laserfiche WebLink

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3. The purposes of this Agreement are to provide a mechanism whereby the Developer shall acquire, own, and develop the Property in accordance with this Agreement and to effectuate the provisions of the Redevelopment Plan. The development of the Property contemplated by this Agreement is consistent with the Redevelopment Plan, the Implementation Plan, and the City of San Leandro General Plana 4. The Agency has concluded that the Developer has the necessary expertise, skill and ability to carry out the commitments herein contained and that this Agreement is in the best interests and will materially contribute to the Redevelopment Plan. AGREED: PART ONE: PROJECT Article One: DEVELOPER'S PRE -DISPOSITION REQUIREMENTS 1.01 Conditions Precedent. As a condition precedent to the Agency's obligation to sell and convey to Developer the Property for Developer's commencement of construction, the conditions set forth in this Article One must first be met by the date as set forth in this Part relevant for such condition, unless such time limit is extended by the Agency at the discretion of its Executive Director. 1.02 Approval of Development Plan. Prior to the execution of this Agreement, the Developer duly submitted to the Agency a Preliminary Development Plan for the development of the Property. By execution of this Agreement the Agency hereby approves said Plan. The Preliminary Development Plan, which is attached hereto as Exhibit B and by this reference incorporated herein, calls for the development on the Property of an approximately four thousand one hundred (4,100) square foot automotive lube and tune center referred to herein as the "Improvements". Disposition and Development Page 2 of 30 Agreement - Vanuatu Properties Draft December 4, 1997