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F Zoning <br />This analysis presumes that zoning will permit the development of the site and construction of the <br />improvements in accordance with the provisions of the DDA <br />F. Present Use <br />The Property, which was the former site of the San Leandro Corporation Yard, is a vacant, <br />unimproved lot. <br />G. Reuse Conditions <br />The DDA includes covenants and conditions that impact the development economics and hence the <br />value of the interests conveyed to the Developer. This reuse analysis assumes compliance with these <br />covenants and conditions. The reuse conditions for the proposed development are as follows: <br />Developer must satisfy all the terms and conditions of the DDA and commence <br />development shortly after conveyance. <br />2. The Project must conform with the final site plan approved by the Agency, with <br />an approximately 80,500 sq.ft. local resident -serving retail center. <br />The center must contain a 36,000 sq.ft. upscale grocery store as the train anchor <br />tenant, a 4,500 sq.ft. fine dining restaurant, several other food establishments, and <br />smaller retail shops. <br />4. The Developer is obligated to construct high quality site amenities, including a <br />prominent landscape feature at the comer of San Leandro Boulevard and Davis <br />Street, extensive parking lot landscaping, a creekside plaza and a creekwalk. The <br />architectural features must also be of a higher quality than would typically be found in <br />a neighborhood shopping center. <br />If the ultimate development of the commercial and retail tenancies varies <br />significantly from those indicated in the DDA, or as discussed in this analysis, <br />then the reuse value is subject to revaluation. <br />6. Soils or subsoils conditions, other than those conditions already known to the <br />Developer, will not materially impact the cost to construct the Project. <br />173 <br />KEYSER MARSTON ASSOCIATES I N C. <br />191001=1-002.doc Page 2 <br />