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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> <br />RESOLUTION NO. 2025-XXX <br /> <br />RESOLUTION TO APPROVE AND AUTHORIZE THE CITY MANAGER TO EXECUTE A PURCHASE AND SALE <br />AGREEMENT AND JOINT ESCROW INSTRUCTIONS, IN A FORM APPROVED BY THE CITY ATTORNEY <br /> <br />WHEREAS, on March 18, 2024, the City Council authorized the City Manager to enter into an Eden Road <br />Public Improvement Agreement Memorandum of Understanding (MOU) with KK Eden Properties LLC and Alco <br />Iron & Metal for the sale and transfer of Eden Road to KK Eden Properties LLC, which included a paving and long- <br />term maintenance program to ensure future public access and cost-savings for the City; and <br /> <br />WHEREAS, the MOU between the City of San Leandro (“City”), KK Eden Properties LLC and Alco Iron & <br />Metal became effective on March 19, 2024; and <br /> <br />WHEREAS, the City agrees to sell Eden Road to KK Eden Properties LLC, owner of parcels located <br />adjacent to Eden Road, and KK Eden Properties LLC agrees to purchase Eden Road; and <br /> <br />WHEREAS, the Purchase and Sale Agreement and Joint Escrow Instructions outlines the terms and <br />conditions of the sale and transfer of Eden Road. <br /> <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: <br /> <br />The Purchase and Sale Agreement and Joint Escrow Instructions, deed, easements, and all related <br />documents necessary to complete the sale and transfer of Eden Road are approved; and <br /> <br />The City Manager is authorized to execute the Purchase and Sale Agreement and Joint Escrow <br />Instructions, deed, easements, and all related documents necessary to complete the sale and transfer of Eden <br />Road, in a form approved by the City Attorney. After the sale of Eden Road, staff is directed to recognize the sale <br />proceeds as revenue in the General Fund; and <br /> <br />The City Manager is authorized to take all actions and execute all documents necessary, subject to <br />approval as to form by the City Attorney, to effect the purpose and intent of this Resolution. <br /> <br /> <br />Introduced by _______________ and passed and adopted this 19th day of May 2025 by the following vote: <br /> <br />AYES: () <br /> <br />NOES: () <br /> <br />ABSENT: () <br /> <br /> <br />ATTEST: DRAFT