HomeMy WebLinkAboutSuccessor Reso 08-2015 RESOLUTION NO. 08-2015
RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
OF THE CITY OF SOUTH SAN FRANCISCO
A RESOLUTION RECOMMENDING THE SOUTH SAN
FRANCISCO OVERSIGHT BOARD ADOPT A RESOLUTION
APPROVING AN AMENDMENT TO THE EXCLUSIVE
NEGOTIATING RIGHTS AGREEMENT WITH MILLER-
CYPRESS SSF, LLC AUTHORIZING A 90 DAY EXTENSION.
WHEREAS, the Successor Agency is the owner of certain real property (the "Property")
located in the City of South San Francisco,California,known as County Assessor's Parcel Numbers
012-317-110 (401 Airport Boulevard), 012-317-100 (411 Airport Boulevard), 012-317-090 (421
Airport Boulevard),012-318-030(315 Airport Boulevard),012-314-100(405 Cypress Avenue),and
012-314-220(216 Miller Avenue parking lot); and
WHEREAS,on September 8,2014,the Successor Agency(the"Successor Agency")entered
into an Exclusive Negotiating Rights Agreement with Miller-Cypress SSF, LLC ("Developer") in
order to negotiate a purchase agreement ("Purchase Agreement") whereby Developer would
purchase the Property; and
WHEREAS, before the Successor Agency could convey the Property to Developer, the
California Department of Finance("DOF")had to approve the Successor Agency's Long Range
Property Management Plan("LRPMP") and authorize a process for the conveyance; and
WHEREAS,the Successor Agency and Developer have been engaged in diligent,good faith
efforts to negotiate a Purchase Agreement for the purchase of the Property by Developer; and
WHEREAS,the negotiation of the Purchase Agreement has been delayed while the DOF was
reviewing the LRPMP; and
WHEREAS, the DOF approved the LRPMP on October 1 , 2015, and the Parties can now
proceed with the negotiation of the Purchase Agreement; and
WHEREAS,the Successor Agency and Developer desire to amend the ENRA to provide for
a ninety(90) day extension in order to continue negotiations.
NOW THEREFORE, BE IT RESOLVED that the Successor Agency to the Redevelopment
Agency for the City of South San Francisco hereby recommends that the Oversight Board approve
the First Amendment to the Exclusive Negotiating Rights Agreement with Miller-Cypress SSF,
LLC, attached hereto as Exhibit A and incorporated herein.
BE IT FURTHER RESOLVED that the Successor Agency recommends that the Oversight
Board authorize and direct the Executive Director of the Successor Agency to execute the
Amendment on behalf of the Successor Agency,in substantially the same form attached hereto,and
subject to approval as to form by Successor Agency Counsel,and to take any other action consistent
with the intent of this Resolution.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
Successor Agency to the Redevelopment Agency of the City of South San Francisco at a special
meeting held on the 18th day of November, 2015 by the following vote:
AYES: Boardmembers Karyl Matsumoto, Pradeep Gupta, and Liza Normandy,
Vice Chairman Mark Addiego and Chairman Richard Garbarino
NOES: None.
ABSTAIN: None.
ABSENT: None.
AT+ ES /gA ii
Cl:
EXHIBIT A
FIRST AMENDMENT TO THE ENRA
2549939.1