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VL CONSIDERATION RECEIVED AND REASONS THEREFOR <br />The Agency is receiving payments for the value of the site being conveyed to the Developer which is <br />consistent with the provisions of the proposed Agreement. The present value of the payments to the <br />Agency are estimated to be $1,660,000. <br />In conclusion the Agency is entering into this agreement for less than the highest and best use in order <br />to further the goals of the Redevelopment Plan to revitalize the long vacant Corporation Yard site and <br />enhance the area around the San Leandro BART station, and the Davis Street and San Leandro <br />Boulevard corridors. <br />19100/0001-001.dx <br />169 <br />KEYSER MARSTON ASSOCIATES I N C. <br />Page 11 <br />