Agmt Commercial Revitalization 1495 E.14th Street 12012021

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RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: 2021385688 12/01/2021 03:55 PM OFFICIAL RECORDS OF ALAMEDA COUNTY Po,a� MELISSAWILK,CLERK-RECORDER City of San Leandro RECORDING FEES: $0.00 835 E. 14th Street =° San Leandro, CA 94577 �4N� ��1 II 1 11111 I I 1 II III I II 1 II 111 J4 LULL I Exempt From Recording Fee Pursuant to Government Code Sections 6103 and 27383 Cjjy ;,,.. .t; OFFICE I COMMERCIAL REVITALIZATION AGREEMENT 21 PGS THIS COMMERCIAL REVITALIZATION AGREEMENT (this "Agreement') is entered into as of September 7, 2021 (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 Wannawin San Leandro, LLC, a California limited liability company ("Landowner"). RECITALS This Agreement is entered into upon the basis of the following facts, understandings and intentions of City and Landowner. A. Landowner is the owner of that certain real property located at 1495 E. 141" Street, San Leandro, California (the "Commercial Property"). The location of the Commercial Property is described in the Legal Description attached hereto as Exhibit "A" and depicted on the "Site Map" attached hereto as Exhibit "B" and incorporated herein. The Commercial Property is currently improved with a building which was formerly used as a bank. B. Landowner desires to renovate and modernize the Commercial Property for commercial uses which are proposed to include a restaurant, brewery and outdoor dining, and has commenced the rehabilitation of the Commercial Property for such uses. The rehabilitation of the Commercial Property is expected to attract additional restaurants, office uses and retail businesses to locate in the downtown area of City, which will help to strengthen the downtown economy and provide substantial employment, sales and property tax benefits to City. C. In order to renovate the Commercial Property, it is necessary for an electrical transformer to be installed to supply electricity to the Commercial Property (the "Transformer"). Because the improvements on the Commercial Property cover the entire site, the Transformer must be located in other offsite real property located adjacent to the Commercial Property. D. City owns real property located to the west of and adjacent to the Commercial Property, which is currently used as a public parking lot (the "City Property"). The location of the City Property is depicted on the Site Map.