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WHEREAS, the DDA requires the Applicant to obtain planning entitlements for the private development components of the Project prior to sale or leasing of any portion of the Property by the City to Applicant; and WHEREAS, the Project is a large development project consisting of varied residential and commercial components; and WHEREAS, in order to strengthen the public planning process, facilitate comprehensive planning, and reduce the economic costs and risk of development, the City and Applicant desire to enter into a Development Agreement regarding the Project pursuant to Government Code Section 65864 et seq.; and WHEREAS, the proposed Development Agreement consistent with the provisions of Government Code Sections 65864 et seq. because it provides some assurances to Applicant to proceed with the multi-year Project in accordance with existing policies, rules and regulations in return for the provision of public benefits; and WHEREAS, the development of the City’s Shoreline area and the planned Project are addressed extensively in the San Leandro 2035 General Plan; and WHEREAS, the proposed Development Agreement is consistent with the San Leandro 2035 General Plan, including Goal LU-9, Policy LU-9.1, Policy LU-9.3 and Policy LU-9.4; and WHEREAS, the Project complies with the City’s Inclusionary Housing Ordinance through an Alternative Inclusionary Housing Plan, as allowed under San Leandro Zoning Code Section 6.04. 132; and WHEREAS, the Project will include dedicated on-site workforce and moderate income inclusionary housing units in the single-family and townhome development that will help the City address the shortfall of above moderate income housing per the City’s regional housing needs allocation; and WHEREAS, the Project will also make housing in-lieu fee payments totaling over $2 million for the multi-family residential portion of the project, which will significantly increase the City’s Affordable Housing Trust Fund and the City will be able to leverage such funding for future affordable housing projects; and WHEREAS, approval of the proposed Development Agreement will allow the City to lease and sell portions of the Property as required by the DDA and allow Applicant to commence development of the Project; and WHEREAS, on July 20, 2015, the City Council previously adopted Resolution No. 2015-125 certifying an environmental impact report for the Project entitled, “San Leandro Shoreline Development Project EIR (SCH # 2013072011)”, and adopting a Mitigation Monitoring and Report Program for the Project; and