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File Number: 22-245 Purchase and Sale Agreement and Leases, provide further detail on the project phasing and schedule to ensure that site preparation, public improvements, and the development overall are performed in a continuous and coordinated manner. Changes are proposed related to the timing of certain requirements, the schedule of performance, and interim arrangements for existing leases and agreements on site. In order to comply with the California Surplus Lands Act, the City-owned properties must be sold or leased prior to the end of 2022. In accordance with the DDA, the close of escrow for the sale of the Single Family element and commencement of each of the Ground Leases are to occur prior to December 15, 2022. As a public-private partnership, the agreement includes a provision for the City and Developer to cooperate and defend the City’s rights to convey the properties under the terms of the agreements. Adjustments are proposed to certain requirements or ‘conditions precedent’ to entering into the land sale and leases in order to facilitate the timely transfer of property. The timing of such requirements is adjusted to reflect the appropriate phase in which they would normally be met. Requirements related to construction of the new buildings, such as selection of contractor, are to be met prior to issuance of building permits, rather than prior to the sale and leasing of the properties. Other requirements, including the approval of project entitlements and project labor agreements, are not proposed to be deferred. Several of the updates and additional details are also proposed for addition to the Schedule of Performance, which provides specific time frames during which different phases of construction must begin and be completed. These time frames assist in the coordination of public and private improvements and ensure that the infrastructure needs of the site are met. Site preparation for both the Single Family element, located east of Monarch Bay Drive, and the Multifamily and commercial elements, located west of Monarch Bay Drive, is to occur in the initial phase of the project. Specific rent commencement dates are also added in order to assist in the City’s fiscal planning and the continued development of the project. Proposed amendments also include arrangements for the existing users onsite during the interim period between when the property transfers and construction are expected to begin. This includes a License Agreement for continued operation of the 9-hole golf course by the City, as well as continued operation of the El Torito Restaurant. Requirements are also specified to ensure that sites are maintained in a clean and secure manner during the interim period. Off-Site Improvements The Shoreline Development includes a number of off-site improvements and mitigation measures, including: ·Reconstructing Monarch Bay Drive with Class I bike facilities - (see Attachment G for planned bicycle and pedestrian circulation); ·Installing a traffic signal at Aurora Drive and Marina Boulevard; ·Optimizing signals along Marina Boulevard; ·Constructing portions of the Bay Trail adjacent to the Multi-Family and Hotel developments; Page 5 City of San Leandro Printed on 6/15/2022