RDA Reso 2009-011 - Laserfiche WebLink

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1N THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION N0.2009-011 RDA (3110/3117) RESOLUTION MAKING DETERMINATIONS WITH RESPECT TO CEQA, APPROVING A PURCHASE AND SALE AGREEMENT, AUTHORIZING AN INTER-PROJECT AREA LOAN, AND AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR THE ACQUISITION OF REAL PROPERTY WHEREAS, by Ordinance No. 93-012 the City Council and the Redevelopment Agency of the City of San Leandro (the "Agency") established the Alameda County - City of San Leandro (Joint) Redevelopment Project Area (the "Project Area") and adopted a redevelopment plan for the Project Area (as thereafter amended, the "Redevelopment Plan"); WHEREAS, the Agency is responsible for carrying out the redevelopment of the Project Area in accordance with the California Community Redevelopment Law (Health and Safety Code Sections 33000 et seq.) (the "CRL"), the Redevelopment Plan and the Implementation Plan adopted in connection therewith (the "Implementation Plan"); WHEREAS, the San Leandro City Council and the governing board of the Agency have approved execution of that certain Settlement Agreement and General Release of All Claims dated as of April 20, 2009 (the "Settlement Agreement"), pursuant to which the Agenc~ agreed to purchase certain real property located in the Project Area at 1550 East 14 Street and known as Alameda County Assessor's Parcel No. 077-0540-009-00 (the "Property"); WHEREAS, the Agency's purchase of the Property will assist in the elimination of blight in the Project Area, and will facilitate the redevelopment of the Property in accordance with the Redevelopment Plan and the Implementation Plan; WHEREAS, the City and the Agency contemplate that any temporary use and any future development and use of the Property will be for uses contemplated by and consistent with the Transit Oriented Development Strategy ("TOD Strategy") plan and implementing ordinances adopted by the City of San Leandro ("City") in September, 2007. WHEREAS, Agency staff and the owner of the Property have negotiated a purchase and sale agreement (the "Purchase and Sale Agreement"), a copy of which has been provided to the Agency governing board and is on file with the Agency Secretary; WHEREAS, the Agency proposes to provide partial financing for the acquisition of the Property with the proceeds of a loan (the "Loan") in the amount of Two Million Four Hundred and Seventy-Five Thousand Dollars ($2,475,000) from the West San Leandro/MacArthur Boulevard Redevelopment Project Area pursuant to the terms and