OB Reso 2017-04 PSA 1595 Washington Ave and 268 Parrott St

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RESOLUTION NO. 2017-04 OB RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO APPROVING THE PURCHASE AND SALE AGREEMENT FOR 1595 WASHINGTON AVENUE AND 268 PARROTT STREET BETWEEN THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO AND DAVID LANGON CONSTRUCTION, INC. WHEREAS, on February 1, 2012, the Redevelopment Agency of the City of San Leandro was dissolved pursuant to Assembly Bill xl 26; and WHEREAS, on February 1, 2012, the City of San Leandro became the Successor Agency to the Redevelopment Agency; and WHEREAS, pursuant to Health and. Safety Code Section 34191.5(c), property shall not be transferred to a successor agency, city, county or city and county, unless the Long Range Property Management Plan has been approved by the Oversight Board to the Successor Agency (the "Oversight Board") and the Department of Finance; and WHEREAS, the Long Range Property Management Plan was approved by the Oversight Board to the Successor Agency to the Redevelopment Agency on November 5, 2015 and by the California Department of Finance on December 30, 2015; and WHEREAS, the Long Range Property Management Plan establishes a plan for transferring or selling the real property assets that were owned by the Redevelopment Agency; and WHEREAS, the Successor Agency is the owner of certain real properties with addresses of 1595 Washington Avenue, San Leandro, CA, also known as Alameda County Parcel Number (APN: 075-0005-011-01) (the "Properties") and 268 Parrott Street, San Leandro, CA, also known as Alameda County Parcel Number (APN: 075-0005-012-00) (the "Properties"); WHEREAS, the Properties are included as a "for sale" properties in the Long Range Property Management Plan prepared by the Successor Agency and approved by the California Department of Finance; WHEREAS, the Successor Agency previously issued a public request for proposals for the purchase and development of the Properties; WHEREAS, David Langon Construction, Inc. submitted a proposal to the Successor Agency offering to pay the Successor Agency One Million One Hundred and Fifty Thousand Dollars ($1,150,000) for the Properties ("Purchase Price");