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<br />IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br /> <br />RESOLUTION NO. 2007-004 RDA <br /> <br />(311 0) <br /> <br />RESOLUTION APPROVING AN OWNER PARTICIPATION AGREEMENT (OPA) <br />BETWEEN THE SAN LEANDRO REDEVELOPMENT AGENCY AND WHITE HOUSE <br />EVENTS, LLC FOR THE DEVELOPMENT OF PROPERTY IN THE WEST SAN <br />LEANDROIMACARTHUR BOULEVARD REDEVELOPMENT PROJECT AREA LOCATED <br />AT 599 MACARTHUR BOULEVARD (APN 076 0326 009 01) <br /> <br />RECITALS <br /> <br />WHEREAS, the Redevelopment Agency desires to alleviate blight in the Redevelopment <br />Area by encouraging the development of new uses in the Project Area. <br /> <br />WHEREAS, the Redevelopment Agency desires to encourage land uses that are consistent <br />with the West San LeandrolMacArthur Boulevard Redevelopment Project Area and compatible with <br />surrounding uses. <br /> <br />WHEREAS, White House Events, LLC (the "Owner") desires to design, develop and <br />construct improvements necessary to upgrade the property at 599 MacArthur Boulevard. <br /> <br />WHEREAS, the Agency and the Owner have negotiated the Owner Participation Agreement <br />whereby the Owner shall further develop the property. <br /> <br />WHEREAS, the Agency finds and declares that the Owner Participation Agreement will <br />assist in preventing the spread of blight in the Project Area, through the provision of upgraded <br />construction and new employment opportunities in the Proj ect Area and by permitting the property to <br />be developed in a manner compatible and consistent with the existing Implementation Plan and <br />Redevelopment Plan. <br /> <br />WHEREAS, the Agency finds and declares that environmental review ofthis Agreement is <br />not required pursuant to CEQA Guidelines Section 15332. <br /> <br />NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro hereby <br />approves the Owner Participation Agreement and a forgivable loan not to exceed $50,000 to White <br />House Events, LLC for identified improvements, and directs the Executive Director to appropriate <br />funds as necessary therefore, and to execute the Owner Participation Agreement and any and all <br />other documents necessary to implement the terms and conditions thereof. <br /> <br />Introduced by Agency Member Stephens and passed and adopted this 19th day of March <br />2007, by the following called vote: <br />