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WHEREAS, Successor Agency staff has determined that David Langon Construction, Inc. <br />possesses the resources and experience necessary to complete a successful development at the <br />Properties consistent with the Long Range Property Management Plan; <br />WHEREAS, the Successor Agency reviewed the sales price of comparable properties, as <br />well as other responses to the RFP, and determined that the Purchase Price represents the fair <br />market value of the Properties; <br />NOW, THEREFORE, the Oversight Board of the Successor Agency to the <br />Redevelopment Agency of the City of San Leandro hereby resolves as follows: <br />1. The Oversight Board to the Successor Agency of the Redevelopment Agency of <br />the City of San Leandro approves the sale by the Successor Agency to David Langon <br />Construction, Inc. Properties, identified in the Long Range Property Management Plan, is hereby <br />approved; and <br />2. The Executive Director and his designees are authorized and directed to execute <br />all documents and take all actions necessary to implement this Resolution, including without <br />limitation the execution of quitclaim deeds, certificates of acceptance, and all other necessary <br />instruments, as applicable. <br />PASSED AND ADOPTED AT A REGULAR MEETING OF THE OVERSIGHT BOARD FOR <br />THE SUCCESSOR AGENCY TO 2017 BY THE FOLLOWING VOTE: <br />AYES: GIN, JERMANIS, MACK -ROSE, PENARANDA, CHAN <br />NOES: <br />ABSTAIN: <br />ABSENT: GRANT, WILLIAMS <br />ATTEST: <br />J �i... - <br />Cynthia Batt be Acting Ser ary <br />2 <br />Supervisor Wilma Chan, Chair <br />