Reso 2020-020 - Laserfiche WebLink

Home

DISPOSITION AND DEVELOPMENT AGREEMENT THIS DISPOSITION AND DEVELOPMENT AGREEMENT (this "Agreement") is entered into as of February 24, 2020 (the "Agreement Date"), by and between the City of San Leandro, a California charter city organized and existing under the laws of the State of California ("City"), and Cal Coast Companies LLC, Inc., a Delaware corporation doing business in California as Cal Coast Developer, Inc. ("Developer"). City and Developer are referred to individually as "Party," and collectively as the "Parties." RECITALS This Agreement is entered into upon the basis of the following facts, understandings and intentions of City and Developer. A. The City seeks development of certain City -owned property consisting of approximately seventy-five (75) acres located within the City limits in the Shoreline -Marina area as depicted in Exhibit A attached hereto (the "Property"). B. The City previously entered into an Exclusive Negotiating Rights Agreement with Developer on April 2, 2012 regarding development of the Property, which the Parties have subsequently amended from time to time. C. Developer desires to develop the Property with a multi-component development that includes, but is not limited to construction of, single and multifamily for sale residential units ("Single Family Element"), reconstruction of an existing golf course ("Golf Course Element"), a hotel ("Developer Hotel Element"), a multifamily apartment complex ("Multifamily Element"), a restaurant ("Developer Restaurant Element"), a market ("Market Element"), reconstruction of Monarch Bay Drive (the "Monarch Bay Drive Element"), and associated infrastructure and public improvements ("Infrastructure Element") (as defined more fully in Section 1.4 below, the "Project"). The elements of the Project to be developed by Developer are described below: (1) The Single Family Element consists of the design and construction of between 200 and 215 detached and attached single-family homes and attached townhomes that include affordable units in accordance with the requirements of the City's inclusionary housing ordinance as specified herein; (2) The Golf Course Element consists of the redesign and reconstruction of a nine hole links style golf course; (3) The Developer Hotel Element consist of the design and construction of a hotel with between 200 and 220 rooms, publicly accessible outdoor space, and an approximately 5000 square foot restaurant; (4) The Multifamily Element consists of the design and construction of a market -rate multifamily residential development with approximately 285 rental units;