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City of San Leandro Meeting Date: July 18, 2022 Staff Report Agenda Section:File Number:22-450 ACTION ITEMS Agenda Number:13.b. TO:City Council FROM:Fran Robustelli City Manager BY:Tom Liao Community Development Director FINANCE REVIEW:Susan Hsieh Finance Director TITLE:Adopt Resolution to Authorize the City Manager to Execute the Fifth Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions between the Successor Agency to the Redevelopment Agency of the City of San Leandro, the City of San Leandro, and Beam Development, LLC, for Sale of Real Property Owned by the City of San Leandro; and Adopt Resolution to Authorize the Executive Director to Execute a Fifth Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions between the Successor Agency to the Redevelopment Agency of the City of San Leandro, the City of San Leandro, and Beam Development, LLC, for Sale of Real Property Owned by the Successor Agency COUNCIL PRIORITY ·Housing and Homelessness ·Community & Business Development SUMMARY Staff recommends a Fifth Amendment to the Purchase and Sale Agreement for public properties in the Town Hall Square area, which will address market and regulatory challenges and facilitate the successful sale and development of much needed housing, and activation of Downtown San Leandro. RECOMMENDATIONS Staff recommends that the City Council, serving in its capacity as the Board of Directors of the Successor Agency to the Redevelopment Agency of the City of San Leandro (Successor Agency), approve a Resolution authorizing the City Manager, acting as the Executive Director of the Successor Agency, to execute the Fifth Amendment to the Purchase and Sale Agreement and Joint Escrow Instructions between the Successor Agency to the Redevelopment Agency of Page 1 City of San Leandro Printed on 7/13/2022