Reso 1996-016 to 020 - Laserfiche WebLink

Home

IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION NO. 96-02 RESOLUTION APPROVING AN OPTION AGREEMENT WITH SHELL OIL COMPANY AND APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BASED THEREON. Recitals WHEREAS, the Redevelopment Agency of the City of San Leandro ("Agency") prepared and provided to the City Council a Reuse Report, as required by Health and Safety Code section 33433 for the disposition of Agency owned property to Shell Oil Company for the development of a Shell automobile service station and Burger King Restaurant; and WHEREAS, the City Council held a properly noticed public hearing to consider the Reuse Report and the proposed Option Agreement for the disposition of the subject property; and WHEREAS, the City Council approved the Reuse Report, approved and authorized execution of the Option Agreement with Shell Oil Company, and approved and authorized negotiation and execution of a Disposition and Development Agreement based upon the Option Agreement; and WHEREAS, the proposed disposition of property eliminates blight in the Plaza II Redevelopment Project Area by removing underutilized and vacant parcels, in conjunction with the Costco Relocation Project, and provides economic stimulus to a gateway area of the City; and WHEREAS, the proposed disposition is consistent with the Redevelopment Plan and Implementation Plan; and WHEREAS, the consideration paid by Shell Oil Company pursuant to the terms of the Option Agreement is not less than the fair market value at its highest and best use in accordance with the Redevelopment Plan.