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M SUMMARY OF THE PROPOSED AGREEMENT A. Description of the Site and the Proposed Development Site The site is comprised of real property ("Agency Assemblage") to be acquired by the Agency, which will be deeded to the Auto Dealer for development, construction and operation of a new automobile dealership and a used automobile facility. The Agency Assemblage comprising the site are identified as follows: 1066-1072 Marina Boulevard, two rectangular -shaped parcels occupying the north side of Marina Boulevard between Pacific and Eveleth Avenues. These two parcels are each 15,360 square feet (0.35 acres) in size. The parcels are currently improved with a small concrete -block commercial building (formerly a service station) and an unoccupied wood -frame single family residence which has been converted into an office (all one story tall). 1152 Marina Boulevard, a rectangular -shaped parcel occupying the northeast corner of Marina Boulevard and Wayne Avenue. This parcel is 26,650 square feet (0.61 acres) in size ar►u is improved with a two-story, concrete block industrial building formerly occupied by a printing company. In total, the three parcels contain 57,370 square feet (1.32 acres). Two of the three parcels are contiguous with the third parcel a half -block further west. All three of the parcels front on the north side of Marina Boulevard across from the Marina Square Shopping Center. Developer/Auto Dealer The Developer is the Auto Dealer, the Batarse Family Trust, operating as the Lloyd A. Wise Companies, a California corporation. Project Description The Section 33433 report addresses the Agency Assemblage outlined above, for the development of one new automobile dealership and one used car facility. Overall, the proposed development will consist of four new automobile dealerships and one used car facility to support the new car dealerships, and will include vehicle showrooms, office areas, service bays, retail parts departments, an on -site parking area and ancillary grounds landscaping. KEYSER MARSTON ASSOCIATES I N C. 1909610014-002.dx Page 3