Purch Sale Agmt Beam Development Amdt 2

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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO.2017-155 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LEANDRO AUTHORIZING THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE AGREEMENT WITH BEAM DEVELOPMENT, LLC, FOR SALE OF CITY -OWNED PROPERTY LOCATED AT 262 DAVIS STREET, SAN LEANDRO, CALIFORNIA, ALSO KNOWN AS ALAMEDA COUNTY ASSESSOR'S PARCEL NUMBER APN: 075-0001-009-02 WHEREAS, on February 1, 2012, the Redevelopment Agency of the City of San Leandro was dissolved pursuant to Assembly Bill xl 26; and WHEREAS, on February 1, 2012, the City of San Leandro became the Successor Agency to the Redevelopment Agency ("Successor Agency"); and WHEREAS, pursuant to Health and Safety Code Section 34191.5(c), property shall not be transferred to a successor agency, city, county or city and county, unless the Long Range Property Management Plan has been approved by the Oversight Board to the Successor Agency (the "Oversight Board") and the Department of Finance; and WHEREAS, the Long Range Property Management Plan was approved by the Oversight Board on November 5, 2015 and by the California Department of Finance on December 30, 2015; and WHEREAS, the City of San Leandro is the owner of certain real property with the address of 262 Davis Street, San Leandro, California, also known as Alameda County Assessor's Parcel Number APN: 075-0001-009-02 (the "City Property"); and WHEREAS, the City Property is located adjacent to certain real property owned by the Successor Agency with addresses of 290 Davis Street, 250 Davis Street, 222 Davis Street, 212 Davis Street, and 1199 E. 141h Street, San Leandro, California, also known as Alameda County Assessor's Parcel Numbers APN: 075-0001-010-02; APN: 075-0001-008-02; APN: 075-0001- 006-00; APN: 075-0001-005-00; and APN: 075-0001-004-00 (the "Successor Agency Properties"); and WHEREAS, the Successor Agency previously issued a public request for proposals for the purchase and development of the Successor Agency Properties that requires that the City Property be sold concurrently with the Successor Agency Properties; and WHEREAS, BEAM Development, LLC submitted a proposal to the Successor Agency offering to pay the Two Million One Hundred Thousand Dollars ($2,100,000) for the purchase of the Successor Agency Properties and the City Property ("Purchase Price"); and WHEREAS, a Purchase and Sale Agreement (the "Agreement") has been presented to the City Council of the City of San Leandro ("City Council"); and