Deed - Hester St, extension - File 309, 1956 pt1

Home

a CITE" OF SAN LEANDRO SA\ LEANDRO, CALIFORNIA City Council City Hall San Leandro, California Gentlemen: June 15, 1956 ;',ECETNTED / CITY OF S",N LEANDRO At a regular meeting held June 14, 1956, the Planning Commission con- sidered your referral of the resolution, accepting the conveyance of land from TvcGuire and Hester, which was sent to the Commission on Pray 29, 1956. The Public Works Department and the Planning Department arranged a conference with the owners of the property, and submitted to the Com- mission for consideration the following agreement which was proposed by McGuire and Hester and accepted as a working basis by the represent- atives of the two City departments mentioned above. McGuire and Hester proposed that a floating roadway reserve be est- ablished between the northwesterly boundary of Lot 7, Tract 1606, and the end of the cul-de-sac on Hester Street. This floating reserve is to be reserved for City acquisition by payment of a fair market price at any time within three years from the acceptance of the dedicated addition to Hester Street by the City Council. McGuire and Hester will reserve the right to select the property involved within the limits aforementioned. At the meeting of the Planning Commission the proposal was discussed and accepted by the Commission with the follow- ing additional proviso. McGuire and Hester agree that they will reserve the floating roadway location for an additional two years period in the event the property in question is not required for sale. In the event a sale is imminent during the additional two year period, the City of San Leandro would be required to purchase the roadway reserve or forfeit their right to such reservation. The Commission feels that this roadway reserve may be an important item in the development of the property ly to the ebLst of McGuire and let Rw� P-46