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Presuming that the above conditions are met, and subject to the specific terms and condition stated <br />in the Agreement, the Agency shall: <br />Sell the Site to the Developer for $207,000, all cash. <br />2. Pay one-half of the conveyance and transfer taxes, recording fees, and escrow fee. <br />3. Assist the Developer in obtaining all requisite permits and approvals. <br />4. Use its best efforts to establish" a common parking lot and mutual egress and ingress <br />through reciprocal easement and cross parking agreements with adjacent property <br />owners. <br />C. Developer Responsibilities <br />As a condition precedent to the Agency obligation to sell and convey the Site to the Developer, the <br />Developer shall: <br />Submit a Final Development Plan for the development of the Site, substantially <br />consistent with the Preliminary Development Plan previously submitted and <br />approved by the Agency. <br />2. Diligently pursue and obtain all necessary pen -nits for the construction of the <br />improvements, and pay all customary fees and charges, including the City of San <br />Leandro Development Fees for Street Improvements (DFSIs) and fees required for <br />the undergrounding of utilities. <br />3. Submit to the Agency its Construction Plan for the improvements, based upon the <br />Final Development Plan. <br />4. Submit to the Agency plans for financing the acquisitionof the Site (Acquisition <br />Financing Plan) and the construction of the improvements (Construction Financing <br />Plan). <br />5. Submit to the Agency for written approval an executed lease between the Developer <br />and Paisa, Inc. d.b.a. Purrfect Time, a retail tenant. <br />6. Approve the Agency's case closure letter documenting that the Site is free and clear <br />of contamination, including soil, groundwater, PCB's, underground tanks and <br />asbestos, or any other environmental contamination. <br />KEYSER MARSTON ASSOCIATES INC. <br />19104\0001-002.DOC Page 4 <br />