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THE MARTIN GROUP <br />February 16, 1996 <br />Honorable Ellen M. Corbett, Mayor <br />CITY OF SAN LEANDRO <br />835 East 14th Street <br />San Leandro, CA 94577 <br />Dear Mayor Corbett: <br />CITY aF SAN LEAHORD <br />FEB it I�:; ; <br />^fir' CVRK'S AFFIV'E <br />Over the course of the last several months, The Martin Group has been working with the San <br />Leandro City Staff to identify and analyze various sites in the designated redevelopment areas <br />for potential real estate projects. One area of particular interest is the Peralta site which <br />appears to hold near term potential for a residential development in partnership with the <br />City. <br />I am writing to specifically express my support for the staff's recommendation to employ the <br />power of eminent domain in this redevelopment area. This will enable the City to assemble a <br />comprehensive development site. This capability plays a critical role in producing an <br />economically feasible development plan by eliminating the potential marketing impediments <br />created by nonconforming parcels. In many instances, redevelopment simply does not <br />happen without the use of eminent domain. <br />We have enjoyed working with the City and appreciate the proactive attitudes of all of those <br />we have been in contact with. We strongly urge the Council to retain the full breadth of its <br />powers to attract redevelopment investment to San Leandro by reserving its powers of <br />eminent domain. <br />Sincerely, <br />THE MARTIN GROUP, <br />,Michael A. Covarrubias <br />President <br />cc: M.Oliver <br />MAC:d:penita.mac/pd <br />100 Bush Street, 26th Floor, San Francisco, California 94104 (415) 772-5900 FAX (415) 772-5911 <br />