Reso 1998-009 - Laserfiche WebLink

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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 98 - 9 (1120/1313-B) A RESOLUTION OF THE CITY COUNCIL APPROVING THE REUSE REPORT REQUIRED BY HEALTH & SAFETY CODE SECTION 33433 AND THE DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN S.L. VANUATU PROPERTIES AND THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO WHEREAS, the Agency and S.L. Vanuatu Properties have finalized a Disposition and Development Agreement to provide for the disposition of the approximately 23,000 square foot easterly portion of Parcel 1 of current Parcel Map 7089 located on Davis Street at Beecher Street for consideration in the amount of $207,000; and WHEREAS, S.L. Vanuatu Properties will develop an automotive lube and tune facility upon execution of the Agreement, as previously agreed upon in the Agreement; and WHEREAS, the Agreement provides that the Agency shall convey the parcel which has previously been acquired by the Agency, which acquisition was in whole or in part, directly or indirectly financed with tax increment money, to S.L. Vanuatu Properties for an amount of consideration set forth in the Agreement; and WHEREAS, the Agency has caused to be prepared a report required by Health and Safety Code § 33433 ("Reuse Report") which contains a summary of the form of the proposed Agreement to be entered into between the Agency and S.L. Vanuatu Properties and a summary of the cost of the Agreement to the Agency; WHEREAS, the summary of the cost of the Agreement includes: land acquisition costs, clearance costs, remediation costs, administrative costs; the estimated value of the interest to be conveyed determined at the highest and best uses permitted under the Project Plan; the estimated value of the interest to be conveyed determined at use with conditions, covenants, and development costs required by the sale; and an explanation of why the sale of the property will assist in