HomeMy WebLinkAboutSuccessor Reso 09-2015 RESOLUTION NO. 09-2015
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH
SAN FRANCISCO, STATE OF CALIFRNIA
A RESOLUTION APPROVING A DISPOSITION AND
DEVELOPMENT AGREEMENT WITH BROOKWOOD
EQUITIES, LLP FOR 201, 207, 217-219 AND 227 GRAND
AVENUE
WHEREAS, the Successor Agency to the Redevelopment Agency of the City of South
San Francisco ("Agency") is the owner of certain real property located in the City of South San
Francisco, California, known as County Assessor's Parcel Numbers 012-316-110 (201 Grand
Avenue), 012-316-100 (207 Grand Avenue), 012-316-090 and 012-316-080 (217-219 Grand
Avenue) (collectively,the "Successor Agency Property"); and,
WHEREAS, on June 29, 2011 the legislature of the State of California (the "State")
adopted Assembly Billy xl 26 ("AB 26"), which amended provisions of the Redevelopment
Law; and,
WHEREAS, pursuant to AB 26 and the California Supreme Court decision in California
Redevelopment Association, et al. v. Ana Matosantos, et al., which upheld AB 26 (together with
AB 1484, the "Dissolution Law"), the former Redevelopment Agency of the City of South San
Francisco was dissolved on February 1, 2012; and,
WHEREAS, pursuant to the Dissolution Law, the Successor Agency Property was
transferred from the former Redevelopment Agency of the City of South San Francisco, to the
Agency; and,
WHEREAS, pursuant to the Dissolution Law, the Agency prepared a Long Range
Property Management Plan ("LRPMP"), which has been approved by the Oversight Board for
the Successor Agency to the Redevelopment Agency of the City of South San Francisco
("Oversight Board") and California Department of Finance ("DOF"); and,
WHEREAS, the approved LRPMP identifies the Successor Agency Property within the
permissible use category of development consistent with an approved redevelopment project
plan; and,
WHEREAS, in September 2014, the City of South San Francisco ("City"), the Agency
and Brookwood Equities, LLP, a Delaware limited liability company ("Developer"), entered into
an Exclusive Negotiating Rights Agreement ("ENRA") that established a mutual understanding
among the City, the Agency and Developer regarding the potential development of the Successor
Agency Property in conjunction with the potential development of the City-owned property at
418 Linden Avenue ("418 Linden Property"); and,
WHEREAS, the ENRA was approved by the Oversight Board on October 21, 2014 and
the DOF on December 5, 2014; and
WHEREAS, Developer has proposed to construct a five-story mixed-use residential and
commercial development, consisting of 46 residential apartments, of which 9 will be affordable
to low- and moderate-income households, above approximately 5,500 square feet of ground-
floor commercial space and 61 ground level parking spaces on the Successor Agency Property
("Project"),which is consistent with both the LRPMP and the ENRA; and
WHEREAS, the Successor Agency is interested in selling the Successor Agency Property
to Developer, as contemplated in the LRPMP and ENRA, contingent upon approval of a
Disposition and Development Agreement by the Successor Agency and the Oversight Board,
obtaining approval by the City of a Disposition and Development Agreement for the 418 Linden
Property, securing all funding for the Project, and obtaining all applicable land use entitlements
from the City necessary to construct the Project on the Successor Agency Property; and,
WHEREAS, the City, the Agency, and the Developer now all wish to enter into a
Disposition and Development Agreement between the City, the Agency and the Developer
("Agreement")that will supersede any points of agreement contained within the ENRA; and,
WHEREAS, the City Council certified an Environmental Impact Report ("EIR") on
January 28, 2015 (State Clearinghouse number 2013102001) in accordance with the provisions
of the California Environmental Quality Act (Public Resources Code, §§ 21000, et seq.,
"CEQA") and CEQA Guidelines, which analyzed the potential environmental impacts of the
development of the Downtown Station Area Specific Plan; and,
WHEREAS, the Project is within the Downtown Station Area Specific Plan and the
Project would not result in any new significant environmental effects or a substantial increase in
the severity of any previously identified effects beyond those previously disclosed and analyzed
in the Downtown Station Area Specific Plan EIR certified by City Council,
NOW, THEREFORE, BE IT RESOLVED that the Board of the Successor Agency to the
Redevelopment Agency of the City of South San Francisco does hereby resolve as follows:
(1) Finds and determines that the recitals are true and correct;
(2) Approves the Agreement in substantially the same form attached hereto as
Attachment 1;
(3) Subject to the approval by the Oversight Board of the Agreement as it pertains to
the disposition of the Successor Agency Property, authorizes the Executive Director to enter into
and execute the Agreement on behalf of the Successor Agency, in substantially the same form as
attached hereto as Attachment 1; to make any revisions, amendments, or modifications deemed
necessary to carry out the intent of this Resolution and which do not materially or substantially
increase the Agency's obligations thereunder.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by
the Successor Agency of the City of South San Francisco Redevelopment Agency at a special
meeting held on the 9th day of December, 2015 by the following vote:
AYES: Boardmembers Karyl Matsumoto, Richard Garbarino, and Liza Normandy,
Vice Chairman Pradeep Gupta and Chairman Mark Addiego
NOES: None.
ABSTAIN: None.
ABSENT: None.
TTEST: I.
wir /Jerk