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