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Home My WebLink AboutOB Reso 02-2016 RESOLUTION NO. 02-2016 OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO RESOLUTION APPROVING AN AMENDMENT TO THE EXCLUSIVE NEGOTIATING RIGHTS AGREEMENT WITH MILLER CYPRESS SSF, LLC AUTHORIZING A 90 DAY EXTENSION. WHEREAS, the Successor Agency to the Redevelopment Agency of the City of South San Francisco 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 June 29, 2011 the legislature of the State of California (the "State") adopted Assembly Bill x1 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 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 prepared and the Oversight Board of the Successor Agency approved a Long Range Property Management Plan ("LRPMP")that was submitted to the California Department of Finance ("DOF"); and WHEREAS, on September 8, 2014, the Successor Agency to the Redevelopment Agency of the City of South San Francisco (the "Successor Agency") entered into an Exclusive Negotiating Rights Agreement with Miller Cypress SSF, LLC ("Developer") in order to negotiate a purchase and sale 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 was delayed while the DOF reviewed the LRPMP; and WHEREAS, the DOF approved the LRPMP on October 1, 2015, and the Parties can now proceed with the final negotiation and execution of the Purchase Agreement; and WHEREAS, on November 18, 2015, the Successor Agency adopted a Resolution approving the First Amendment to the Exclusive Negotiating Rights Agreement ("First Amendment") and authorizing its execution, and recommending that the Oversight Board for the Successor Agency to the Redevelopment Agency of the City of South San Francisco ("Oversight Board") approve the First Amendment; and WHEREAS, the Oversight Board has considered the First Amendment, which would authorize the extension of the ENRA for an additional ninety (90) days, at a duly-noticed public meeting; and WHEREAS, Health and Safety Code Section 34179(e) requires that all actions taken by the Oversight Board shall be adopted by resolution. NOW, THEREFORE, BE IT RESOLVED that the Oversight Board for 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 set forth above are true and correct, and are incorporated herein by reference. 2. Approves the terms of the First Amendment between the Successor Agency and Miller Cypress, LLC, attached hereto as Exhibit A. 3. Authorizes and directs the Executive Director of the Successor Agency to execute the First Amendment on behalf of the Successor Agency, in substantially the same form attached hereto as Exhibit A, and subject to approval as to form by Successor Agency Counsel, and to take any other actions consistent with the intent of this Resolution. * * * * * I hereby certify that the foregoing resolution was regularly introduced and adopted by the Oversight Board for the Successor Agency to the City of South San Francisco Redevelopment Agency at a Special Meeting held on the 29th day of January, 2016 by the following vote: AYES: Boardmembers Addiego, Christensen, Farrales, Scannell, Gross, Alternate Vice Chair Krause and Chairperson Cullen NOES: None. ABSTAIN: None. ABSENT: ATTEST: k0 q--v Gabriel Rodriguez, Deputy Clerk Oversight Board for the Successor Agency to the South San Francisco Redevelopment Agency EXHIBIT A FIRST AMENDMENT TO THE ENRA P4 FIRST AMENDMENT TO THE EXCLUSIVE NEGOTIATING RIGHTS AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO AND MILLER-CYPRESS SSF, LLC THIS FIRST AMENDMENT TO THE EXCLUSIVE NEGOTIATING RIGHTS AGREEMENT is made in the City of South San Francisco, California, as of November 2015 by and between THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO ("Successor Agency")and MILLER-CYPRESS SSF, LLC ("Developer"), (sometimes referred together as the"Parties"), who agree as follows: RECITALS 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 June 29, 2011 the legislature of the State of California (the "State") adopted Assembly Bill x1 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 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 prepared and the Oversight Board of the Successor Agency approved a Long Range Property Management Plan ("LRPMP") that was submitted to the California Department of Finance ("DOF"); and WHEREAS,the Successor Agency and Developer entered into the Exclusive Negotiating Rights Agreement ("ENRA") on September 8, 2014 in order to negotiate a purchase agreement ("Purchase Agreement") whereby Developer would purchase the Property; such ENRA is attached hereto and incorporated herein as Exhibit A; and WHEREAS,before the Successor Agency could convey the Property to Developer,the DOF had to approve the 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 P5 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, for and in consideration of the promises and other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,Successor Agency and Developer hereby agree as follows: 1. All terms which are defined in the ENRA shall have the same meaning when used in this Amendment,unless specifically provided herein to the contrary. 2. Section 3(d)ofthe ENRA shall be amended as follows with deletions in skethreugh and additions in italics: d. The Term of this Agreement may be extended for up to a maximum of ninety one hundred and eighty(90 180)additional days upon the mutual written agreement of Developer and Agency acting through and in the discretion of its Agency Executive Director, or his/her designee ("Agency Executive Director") and the payment by Developer of $25,000. Developer understands that the Agency will only consider an extension of the Term of this Agreement where Developer has demonstrated,to the Agency's satisfaction,substantial progress towards development of the Property, by submittal of a permit application, the receipt of any City required environmental review documents necessary to satisfy CEQA, submittal of architecture and construction plans, payment of any applicable processing and plan check fees or undergoing City review of any necessary land use entitlements including a development agreement. All other terms,conditions and provisions of the ENRA remain in full force and effect. If there is a conflict between the terms of this Amendment and the ENRA, the terms of the ENRA will control unless specifically modified by this Amendment. 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