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4. The Auto Dealer will pay all Development Fees for Street Improvements (DFSI) <br />as determined by the City of San Leandro. According to the Agency, the DFSI <br />will be calculated only on net new construction (additional building square <br />footage above what already exists). The Auto Dealer will also be responsible to <br />pay for building and engineering fees as determined. KMA has not reviewed any <br />cost figures nor any construction drawings, therefore, these Auto Dealer costs <br />are undetermined. <br />5. It is our understanding that the Auto Dealer will locate dealerships as approved <br />by the manufacturer, including but not limited to, automobile sales, leasing, <br />service and parts by January 1, 1997. <br />6. The Auto Dealer is responsible for all costs, including land, associated with <br />purchasing, installing and operating the freeway sign. <br />7. Auto Dealer agrees to generate annual taxable sales of a minimum of $20 million <br />on the Auto Dealer's automobile dealerships on Marina Boulevard in San <br />Leandro for a period of 20 years. If in any year the Auto Dealer does not <br />generate annual taxable sales of $20 mullion, the Auto Dealer shall pay the <br />Agency the difference or "shortfall amount" of its share of sales taxes based on <br />$20 mullion (i.e., $200,000 per year) and the actual sales tax generated, as <br />calculated using the fu►muia detailed in the DDA. <br />8. The Auto Dealer is also considering purchasing or leasing additional parcels, <br />without Agency financial assistance. There are two parcels: 1200 Marina <br />Boulevard (for a new or used car dealership) and an unused portion of the <br />property located at 1444 Marina Boulevard (for vehicle storage.) The status of <br />these parcels is in varying stages of commitment and they are excluded from this <br />analysis. <br />KEYSER MARSTON ASSOCIATES I N C. <br />19096\0014-002.dx Page 6 <br />