PREPARED BY: Charles Ching DATE OF MEETING: 06/01/20
SUBJECT:
TITLE
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO APPROVING AND AUTHORIZING EXECUTION OF A DISPOSITION AND DEVELOPMENT AGREEMENT WITH AMERICAN RECESS, LLC AND MULHOLLAND DRIVE COMPANY, LLC FOR THE SALE AND DEVELOPMENT OF THE SOUTHERN PORTION OF PROPERTY LOCATED AT 2600 MORAGA ROAD
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COMPLIANCE STATEMENTS
Economic Development and Diversification is a major policy goal under the FY 2019-21 Council Priority Workplan, effective March 1, 2019.
CEQA Compliance Statement
Following the execution of the Disposition and Development Agreement but prior to the acquisition of the Property, the Developer will need to undertake any required environmental review in compliance with the California Environmental Quality Act.
BACKGROUND
On December 9, 2019, City Council adopted resolution 2019-167 declaring the 4.08-acre southern portion of City-owned property located at 2600 Moraga Road (the "Property") as surplus under the requirements of Government Code section 54220.
Upon the City's determination that the Property is surplus land, the City offered the Property for sale or lease to certain public entities for a period of 60 days under the procedures set forth in Government Code Section 54220 et seq. and did not receive any interest.
On December 16, 2019, City Council under Closed Session authorized staff to begin negotiations with American Recess, LLC and Mulholland Drive Company, LLC (together the "Developer") for the disposition and development of the Property as a self-storage facility (the "Project").
The City and the Developer have negotiated the substantive business terms of a Disposition and Development Agreement (the "DDA") providing for the sale and development of the Property. The purchase price for the Property is $5,125,000; the proposed DDA is attached to this staff report as Attachment No. 1.
The proposed...
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