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HomeMy WebLinkAbout2011-03-02 e-packetSPECIAL MEETING CITY COUNCIL AND REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO P.O. Box 711 (City Hall, 400 Grand Avenue) South San Francisco, California 94083 Meeting to be held at: CITY HALL CITY MANAGER'S CONFERENCE ROOM 400 GRAND AVENUE SOUTH SAN FRANCISCO, CA WEDNESDAY, MARCH 2, 2011 4:00 P.M. NOTICE IS HEREBY GIVEN, pursuant to Section 54956 of the Government Code of the State of California, the City Council of the City of South San Francisco and the South San Francisco Redevelopment Agency will hold a Special Meeting on Wednesday, the 2nd day of March, 2011, at 4:00 p.m., in the City Manager's Conference Room at City Hall, 400 Grand Avenue, South San Francisco, California. Purpose of the meeting: 1. Call to Order. 2. Roll Call. 3. Agenda Review. 4. Public Comments — comments are limited to items on the Special Meeting Agenda. 5. Resolutions of the City Council of the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco approving the acquisition by the City of South San Francisco of real property from the Redevelopment Agency of the City of South San Francisco and approving Disposition and Development Agreements between the City of South San Francisco and the South San Francisco Redevelopment Agency. 1599998.2 6. Resolutions of the City Council of the City of South San Francisco and the Redevelopment Agency of the City of South San. Francisco authorizing (1) the expenditure of tax increment funds for specified public improvements associated with the Oak Avenue Extension Roadway project, the Miller Avenue Parking Garage and the Oyster Point Specific Plan; (2) adopting findings required by Health and Safety Code Section 33445; and (3) authorizing the execution of a Public Improvement Agreement between the City of South San Francisco and the Redevelopment Agency of South San Francisco. 7. City Council and Redevelopment Agency Resolutions making findings pursuant to Health and Safety Code Section 33445 and approving forgiving a loan made by the Redevelopment Agency to Downtown Parking Enterprise Fund for construction of the Downtown Parking Garage. 8. Redevelopment Agency Resolution authorizing the Executive Director to make a payment to San Mateo County for the Share of the Redevelopment Agency's obligation to the County to reimburse Genentech, Inc for property taxes that were ordered refunded by the San Mateo County Superior Court. 9. Redevelopment Agency Resolutions approving the appropriation of $2.5 million of the Merged Redevelopment Project Arca Funds to the Low and Moderate Income Housing Fund for the development of affordable housing by Giffra Enterprises LLC, and (2) a resolution approving the appropriation of $9,989,000 of Merged Project Arca Funds to the Low and Moderate Income Housing Fund for the development of affordable housing by affiliates of Mid - Peninsula Housing Corporation. 10. Adjourned. �trA` ity C rk and At cy Clerk, City of South San Francisc s . • . S uth San Francisco Redevelopment Agency SPECIAL CITY COUNCIL & REDEVELOPMENT AGENCY MEETING MARCH 2, 2011 AGENDA PAGE 2 Staff Report DATE: March 2, 2011 TO: Honorable Mayor and City Council FROM: Marty Van Duyn, Assistant City Manager SUBJECT: RESOLUTION OF THE CITY COUNCIL APPROVING THE ACQUISITION OF REAL PROPERTY FROM THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO AND APPROVING DISPOSITION AND DEVELOPMENT AGREEMENTS AND ASSIGNMENT OF LEASES BETWEEN THE CITY OF SOUTH SAN FRANCISCO AND THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO RECOMMENDATION It is recommended that the City Council approve by Resolutions: 1) acquisition of real property from the Redevelopment Agency of the City of South San Francisco and 2) Disposition and Development Agreements (DDA) between the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco. BACKGROUND Redevelopment programs and projects have been used effectively to provide affordable housing and attract, support and retain the industries that have given us quality job growth in the past few years. Over the past twenty years, the Redevelopment Agency of the City of South San Francisco ( "Redevelopment Agency" or "Agency ") has pursued a long -term and comprehensive effort to help the community find solutions for land use, housing, economic development, transportation, and conservation needs in our city. For example, the Agency has spent over $250 million dollars to improve our roads, build new water treatment facility, construct the new Downtown Parking Garage, improve our parks, provide low - income housing, and augment the local and regional transportation systems. Many of the Agency's projects support state mandates to provide low- income housing. The programs and projects that have been planned and implemented in the El Camino Real, Downtown Central, Gateway, and Shearwater Redevelopment Project Areas have played an essential part in improving the quality of life for the residents of the Project Areas and the entire community. Planning Context In recent years, the Agency's programs and projects have helped to implement the following planning initiatives: Staff Report Subject: Acquisition of real property from the Redevelopment Agency of the City of San Francisco Page 2 South San Francisco Transit Oriented Development Initiatives The South San Francisco BART Station created new opportunities for innovative planning along El Camino Real. With the adoption of the South San Francisco General Plan in 1999, the City Council recognized that the South San Francisco BART Station area could be a new activity node that would serve local residents and attract people to our city. Specific to the El Camino Real Corridor, the City has: 1) adopted the SSF General Plan which encourages transit oriented development; 2) implemented the SSF BART Transit Village Plan and Ordinance; 3) prepared plans to extend Oak Avenue from Mission Road to El Camino Real; 4) constructed the majority of Centennial Way over the BART -SFO right -of -way. In 2008, the Redevelopment Agency purchased approximately 14 acres of vacant land from the San Francisco Public Utilities Commission and Ron Price Motors to enable the construction of a high quality mixed -use development within the '/ mile transit- oriented development area. El Camino Real Master Plan In 2006, the City adopted the El Camino Real Master Plan, with the goal to "develop El Camino as a boulevard that accommodates its role as a regional corridor but with streetscape and development that provide identity to the street." The plan area includes the El Camino Real Project Area and focuses on streetscape improvements (sidewalks, crosswalks, landscaping, signage, lighting, bus shelters, etc.) as well as costs and phasing, and potential funding sources. The Grand Boulevard Initiative The City and Agency staff participated in a multi -city and county, ABAG and MTC Task Force to rethink the corridor's potential for housing and urban development, balancing the need for cars and parking with viable options for transit, walking and biking, and have supported the ten guiding principles to direct future development in the area. The first phase of the project included the establishment of Priority Development Area (PDA) along the entire corridor. In 2007, the MTC approved the designation of El Camino Real in South San Francisco, including the El Camino Real Project Area, into the "El Camino Real PDA." El Camino Real /Chestnut Land Use Plan Since 2009, the Agency has sponsored the creation of a comprehensive plan for approximately 98 acres within the El Camino Real Redevelopment Project Area. The El Camino Real /Chestnut Land Use Plan area is anchored by several public amenities, including Orange Memorial Park to the south, the Centennial Way pedestrian and bikeway, the Municipal Services Building, and the South San Francisco BART Station just to the north. The Redevelopment Agency owns approximately 14 acres of land north of Chestnut Avenue, which is currently vacant. The proposed Plan will facilitate development of 1,500 high- density residential units, over 200,000 square feet of new commercial development, open space, environmental stewardship, and potential new civic facilities. The Plan is being designed to be consistent with the intent of the Grand Boulevard Initiative for El Camino Real and with smart growth principles, which include but are not limited to creating: mixed land uses, a range of housing opportunities and choices, walkable neighborhoods, compact urban form, Staff Report Subject: Acquisition of real property from the Redevelopment Agency of the City of San Francisco Page 3 opportunities for transit alternatives, and effective use of available infrastructure. Downtown Strategy The 1999 South San Francisco General Plan identifies the Downtown area as a transit - oriented development node near the Caltrain Station. With its transit services, proximity to major employers, and pedestrian - friendly corridor, Downtown is well- suited to attract new residents. The City's 2009 Downtown Strategy identified 14 opportunity sites with the potential to generate 458 new housing units and 388,200 square feet of new retail /commercial space. The Redevelopment Agency has strategically acquired sites, consistent with the MTC Priority Development Area, to increase residential development, create pedestrian - friendly connection from Grand Avenue to the Caltrain Station and to connect existing and future Downtown housing to transit services and jobs. Additionally, Agency funds were used to plan, design and construct the Downtown Parking Garage, which opened in spring 2011. Five -Year Implementation Plan In support of the regional initiatives and planning efforts, the goals and objectives in the current five - year Implementation Plan guide the direction of future development within the Project Areas. For example, for the Downtown /Central Project Area, the Implementation Plan provides for expansion of the retail component to draw new shoppers, support for various cultural and civic uses that provide major anchors, promotion of the Downtown as a financial hub, creation of a pedestrian environment to encourage multiple stops by visitors, expansion and upgrading of housing opportunities, and incentives for infill development. For the El Camino Corridor, the Implementation Plan establishes the following goals and objectives: eliminate and prevent the spread of blight and non - conforming uses, promote new and continuing private sector investment, develop a spectrum of housing types affordable to various segments of the community, create civic and educational facilities, upgrade recreation areas and open space, and encourage the development of mixed -uses. For the Gateway Project Area, the Implementation Plan provides for strengthening the economic base and the community by installing public improvements needed to stimulate new development and employment growth. DISCUSSION The proposed acquisition of certain Agency -owned properties by the City would permit the City to implement the Agency's long -term redevelopment projects and programs, which will benefit the residents of the Project Areas and the community as a whole. The Redevelopment Agency has the responsibility to implement the redevelopment plans for the Downtown/Central Redevelopment Project, the El Camino Corridor Redevelopment Project, and the Gateway Redevelopment Project (the "Project Areas ") established by the Redevelopment Plans adopted for the Project Areas by the City Council of the City of South San Francisco. Within each Project Area, the Redevelopment DDA Addresses PUC PUC properties and 1 Chestnut Avenue Affordable Housing 323 Miller Avenue, 310 Miller Avenue (including 311 Tamarack Lane), 380 Alta Vista, 714 -718 Linden Avenue, 339 -341 Commercial Avenue, and 314 Miller Avenue. Public Services Properties 480 N. Canal (Fire Station 61), 468 Miller Avenue, 296 Airport Boulevard, 80 Chestnut Avenue (museum), 559 Gateway Boulevard (Childcare Center), and 472 Grand Avenue /306 Spruce (medical clinic) Downtown Properties 200 Linden Avenue, 212 Baden Avenue, 216 Baden Avenue, 201 Grand Avenue, 207 Grand Avenue, 217 -219 Grand Avenue, 356 Grand Avenue, 432 Baden Avenue, 905 Linden Avenue, 938 Linden Avenue, and 616 Linden Avenue. Staff Report Subject: Acquisition of real property from the Redevelopment Agency of the City of San Francisco Page 4 Agency owns several parcels of real property that are currently used to provide, or are intended to be redeveloped to provide, important public services to residents of the Project Areas and residents of the City, such as affordable housing, fire protection, medical services, childcare services, and historical services. In addition, the Redevelopment Agency owns several parcels of real property in the Downtown /Central and the El Camino Project Areas that the Agency has strategically acquired for construction of mixed -use developments. Pursuant to Community Redevelopment Law (CRL) Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions. Likewise, under CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the sale in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan. Transfer of Redevelopment Agency Property The City and the Redevelopment Agency desire the City to implement the Redevelopment Plans for the Project Areas. Accordingly, the Agency and the City have negotiated the terms and conditions under which the City would acquire 29 properties, located in or near the Downtown /Central, El Camino Real, and Gateway Project Areas, from the Agency. The acquisition of the real property would further the goals in the Redevelopment Plans, the Implementation Plan and the General Plan. The subject properties are listed in the following table, according to the subject of the DDA. Staff Report Subject: Acquisition of real property from the Redevelopment Agency of the City of San Francisco Page 5 Disposition and Development Agreements The City and the Agency have negotiated the following four Disposition and Development Agreements (DDA): PUC Properties DDA, Public Properties DDA, Affordable Housing Properties DDA, and Downtown Properties DDA. The attached four DDAs sets forth the conditions under which the City will acquire ownership of real property from the Agency . The DDAs require that the properties be used and developed solely for purposes consistent with the requirements of the Redevelopment Plan, the Implementation Plan and the South San Francisco General Plan. Findings The City has determined that (i) the acquisition of the properties pursuant to the Agreements (a) is consistent with the Redevelopment Plans and the Implementation Plans for the Project Areas, (b) will be of benefit to the Project Areas, and (c) will further the goals of the Redevelopment Plans by providing important public services to the residents of the Project Area and the City and encouraging mixed use developments; and the City is authorized to (i) acquire land from the Agency, (ii) to become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the transfer in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan. Assignment of Leases In connection with the transfer of the 29 properties identified above, the City and the Agency have also negotiated four Assignment of Leases for the PUC Properties, Downtown Properties, Affordable Housing Properties, and Public Service Properties. Pursuant to the Assignment of Leases, the Agency will assign, and the City will assume, all of the Agency's rights and obligations with tenants under the leases affecting the properties. Environmental Determination The properties being transferred pursuant to the DDAs include properties with existing development that will not change, vacant properties and properties that will be redeveloped. For those properties that will be redeveloped, the potential development would be consistent with the applicable general plan, specific plan and redevelopment plan. The applicable redevelopment plans were all subject to California Environmental Quality Act ( "CEQA ") analysis at the time of adoption of the plans. The specific CEQA compliance information, including applicable findings and references to prior environmental analysis applicable to the DDAs, is set forth in the resolution approving the DDAs. 1603305.1 Staff Report Subject: Acquisition of real property from the Redevelopment Agency of the City of San Francisco Page 6 CONCLUSION It is recommended that the City Council approve by Resolutions: 1) the acquisition of real property from the Agency and 2) Development and Disposition Agreements (DDA) between the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco. Approval of these measures and authorizing the City Manager to execute the agreements will allow the City to implement long -term planning projects, provide important public services to residents of the Project Areas and residents of the City, such as affordable housing, fire protection, medical services, childcare services, and historical services, and to enable the construction of mixed use developments. Marty Van Duyn, Assistant Manager Barry Nagel, City M Attachments: Resolution * *See RDA Staff Report for attachments ** RESOLUTION NO CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO APPROVING THE ACQUISITION OF REAL PROPERTY FROM THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO AND AUTHORIZING THE EXECUTION OF DISPOSITION AND DEVELOPMENT AGREEMENTS AND ASSIGNMENT OF LEASE AGREEMENTS WITH THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council of the City of South San Francisco ( "City Council ") established the Downtown/Central Redevelopment Project, the El Camino Corridor Redevelopment Project and the Gateway Redevelopment Project (collectively, the "Project Areas ") and adopted the Redevelopment Plans for the Project Areas (collectively, the "Redevelopment Plan "); WHEREAS, pursuant to CRL Section 33205, the Agency is authorized to delegate to the City of South San Francisco ( "City ") any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; WHEREAS, pursuant to CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plans, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the transfer in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plans; WHEREAS, City and Agency staff have negotiated the terms and conditions under which the Agency would transfer, and the City would acquire, the following real property ( "Property ") located in or adjacent to the Project Areas for use and redevelopment consistent with the Redevelopment Plans: former PUC properties (APNs: 093 -312 -050, 093 - 312 -060, 093- 331 -050, 093 - 331 -060, & 011 - 326 -030), 1 Chestnut Avenue (APN: 011- 322 -030), 323 Miller Avenue (APN: 012 - 312 -070), 310 Miller Avenue (APN: 012- 311 -230); 380 Alta Vista (APN: 013 - 232 -170), 714 -718 Linden Avenue (APN: 012 -145 -430), 339 -341 Commercial Avenue (APN: 012- 311 -250), 480 N. Canal (014- 061 -110), 468 Miller Avenue (APN: 012- 301 -020), 296 Airport Boulevard (APN: 012 - 338 -160), 80 Chestnut Avenue (APN: 011- 324 -190), 559 1596401.2596401.1 1 Gateway (APN: 015- 024 -490), 472 Grand /306 Spruce (APN: 012- 302 -140), 200 Linden Avenue (APNs: 012- 334 -130 & - 012- 334 -160), 212 Baden (APN: 012- 334 -040), 216 Baden (APN: 012- 334 -030), 201 Grand (APN: 012 -316 -100), 207 Grand (APN: 012 - 316 -100), 217 -219 Grand Avenue (APNs: 012- 316 -060, 012 -316 -080, & 012 - 316 -090), 356 Grand (APN: 012- 312 -300), 432 Baden /429 Third Lane (APN: 012- 321 -160), 905 Linden (APN: 012 -101 -100), 938 Linden (APN: 012- 102 -030) and 616 Linden (APN: 012 - 174 -300); WHEREAS, the Property and the terms and conditions for its redevelopment are more particularly described in four proposed Disposition and Development Agreements (the "DDAs "), copies of which have been provided to the Agency Board and the City Council; WHEREAS, in connection with the transfer of the Property, the parties have also negotiated four Assignment of Leases ( "Assignment Agreements ") pursuant to which the Agency will assign to the City, and the City will assume, all of the Agency's rights and obligations under the leases affecting the Property; WHEREAS, pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the DDAs, the Assignment Agreements and the grant deeds, and the transfer of the Property, is not a project subject to the California Environmental Quality Act ( "CEQA "), because a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, which the approval of agreements and transfer of property does not; WHEREAS, the City and /or Agency has already certified Environmental Impact Reports, or adopted other lawful CEQA review, which adequately analyzes the environmental impacts of the activities completed or contemplated for the Property, including the following Environmental Impact Reports and Mitigated Negative Declarations, each of which is expressly relied upon for this action, pursuant to CEQA Guidelines Section 15152, and available for review during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080: • General Plan EIR • General Plan Update EIR • Redevelopment Plan for the Downtown / Central Redevelopment Project EIR • U.S. Steel Redevelopment Project EIR • Redevelopment Plan for the El Camino Corridor Redevelopment Project EIR • El Camino Corridor Redevelopment Plan Amendment Supplemental EIR • South El Camino Real General Plan Amendment EIR • El Camino Real /Chestnut Avenue Area Plan EIR • Gateway Master Plan EIR • Revised Miller Avenue Parking Structure IS/M:[VD; WHEREAS, development of certain parcels included in the Property consisting of the "PUC Properties" and 1 Chestnut Avenue, will be subject to future CEQA review to the extent that impacts of such development have not already been adequately analyzed in the General Plan EIR, General Plan Update EIR, Redevelopment Plan for the El Camino Corridor Redevelopment 1596401.2596401.1 2 Project EIR, El Camino Corridor Redevelopment Plan Amendment Supplemental EIR, or the El Camino Real /Chestnut Avenue Area Plan EIR; WHEREAS, development of certain parcels included in the Property identified as the "Affordable Housing Properties" and consisting of 323 Miller Avenue, 310 Miller Avenue (including 311 Tamarack Lane), 380 Alta Vista, 714 -718 Linden Avenue, 339 -341 Commercial Avenue, and 314 Miller Avenue, consists of only small, multi - family residential structures, the construction of which is exempt from CEQA pursuant to CEQA Guidelines, Section 15303; development of the one vacant Affordable Housing Property (323 Miller Avenue) is also anticipated to be exempt from CEQA pursuant to Section 15303; WHEREAS, development of certain parcels included in the Property, identified as the "Public Service Properties" and consisting of 480 N. Canal (Fire Station 61), 80 Chestnut Avenue (museum), 559 Gateway Boulevard (child care center) and 472 Grand Avenue /306 Spruce (medical center) has already been completed consistent with and pursuant to the EIRs and IS /MND identified above; WHEREAS, development of certain parcels included in the Property identified as the "Downtown Properties" and consisting of 200 Linden Avenue., 212 Baden Avenue, 216 Baden Avenue, 201 Grand Avenue, 207 Grand Avenue, 217 -219 Grand Avenue, 356 Grand Avenue, 432 Baden Avenue, 905 Linden Avenue, 938 Linden Avenue, and 616 Linden Avenue, will be subject to future CEQA review to the extent that impacts of such development have not already been adequately analyzed in the General Plan EIR, General Plan Update EIR, or Redevelopment Plan for the Downtown / Central Redevelopment Project EIR; and WHEREAS, CRL Sections 33430 and 33432 authorize a redevelopment agency to transfer property to the City or another public agency. NOW THEREFORE BE IT RESOLVED that the City Council of the City of South San Francisco hereby 1. Finds that the foregoing Recitals are true and correct and made a part of this Resolution. 2. Finds that acquisition of the Property in accordance with the DDAs will assist in the elimination of blight in the Project Area, will further the goals of the Redevelopment Plan, and will be consistent with the implementation plan adopted in connection therewith. 3. Approves the City's acquisition of the Property from the Agency pursuant to the terms and conditions set forth in the DDAs. 4. Authorizes the City Manager to execute the DDAs, the Assignment Agreements and the grant deeds for conveyance of the Property ( "Grant Deeds ") substantially in the forms on file with the City Clerk and to make revisions to such documents, subject to the approval of counsel, which do not materially or substantially increase the City's obligations thereunder. 1596401.2596401.1 3 5. Authorizes the City Manager to execute such other instruments and to take such other actions as necessary to carry out the intent of this Resolution, including without limitation, the execution and recordation of certificates of acceptance in connection with the Grant Deeds. AYES: NOES: ABSTAIN: ABSENT: * I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a meeting held on the 2nd day of March, 2011 by the following vote: ATTEST: 1596401.2596401.1 4 City Clerk 1' Redevelopment Agency mer Staff Report 4,„0,„ DATE: March 2, 2011 TO: Redevelopment Agency Board FROM: Marty Van Duyn, Assistant Executive Director SUBJECT: RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO APPROVING THE TRANSFER OF REAL PROPERTY TO THE CITY OF SOUTH SAN FRANCISCO AND APPROVING DISPOSITION AND DEVELOPMENT AGREEMENTS AND ASSIGNMENT OF LEASES BETWEEN THE CITY OF SOUTH SAN FRANCISCO AND THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO RECOMMENDATION It is recommended that the Redevelopment Agency Board approve by Resolutions: 1) transfer of real property from the Redevelopment Agency of the City of South San Francisco to the City of South San Francisco and 2) Disposition and Development Agreements (DDA) between the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco. BACKGROUND Redevelopment programs and projects have been used effectively to provide affordable housing and attract, support and retain the industries that have given us quality job growth in the past few years. Over the past twenty years, the Redevelopment Agency of the City of South San Francisco ("Redevelopment Agency' or "Agency ") has pursued a long -term and comprehensive effort to help the community find solutions for land use, housing, economic development, transportation, and conservation needs in our city. For example, the Agency has spent over $250 million dollars to improve our roads, build new water treatment facility, construct the new Downtown Parking Garage, improve our parks, provide low- income housing, and augment the local and regional transportation systems. Many of the Agency's projects support state mandates to provide low- income housing. The programs and projects that have been planned and implemented in the El Camino Real, Downtown Central, Gateway, and Shearwater Redevelopment Project Areas have played an essential part in improving the quality of life for the residents of the Project Areas and the entire community. Staff Report Subject: DDA for the transfer of real property from the Redevelopment Agency to the City of San Francisco Page 2 Planning Context In recent years, the Agency's programs and projects have helped to implement the following planning initiatives: South San Francisco Transit Oriented Development Initiatives The South San Francisco BART Station created new opportunities for innovative planning along El Camino Real. With the adoption of the South San Francisco General Plan in 1999, the City Council recognized that the South San Francisco BART Station area could be a new activity node that would serve local residents and attract people to our city. Specific to the El Camino Real Corridor, the City has: 1) adopted the SSF General Plan which encourages transit oriented development; 2) implemented the SSF BART Transit Village Plan and Ordinance; 3) prepared plans to extend Oak Avenue from Mission Road to El Camino Real; 4) constructed the majority of Centennial Way over the BART -SFO right -of -way. In 2008, the Redevelopment Agency purchased approximately 14 acres of vacant land from the San Francisco Public Utilities Commission and Ron Price Motors to enable the construction of a high quality mixed -use development within the 1 /2 mile transit- oriented development area. El Camino Real Master Plan In 2006, the City adopted the El Camino Real Master Plan, with the goal to "develop El Camino as a boulevard that accommodates its role as a regional corridor but with streetscape and development that provide identity to the street." The plan area includes the El Camino Real Project Area and focuses on streetscape improvements (sidewalks, crosswalks, landscaping, signage, lighting, bus shelters, etc.) as well as costs and phasing, and potential funding sources. The Grand Boulevard Initiative The City and Agency staff participated in a multi -city and county, ABAG and MTC Task Force to rethink the corridor's potential for housing and urban development, balancing the need for cars and parking with viable options for transit, walking and biking, and have supported the ten guiding principles to direct future development in the area. The first phase of the project included the establishment of Priority Development Area (PDA) along the entire corridor. In 2007, the MTC approved the designation of El Camino Real in South San Francisco, including the El Camino Real Project Area, into the "El Camino Real PDA." El Camino Real /Chestnut Land Use Plan Since 2009, the Agency has sponsored the creation of a comprehensive plan for approximately 98 acres within the El Camino Real Redevelopment Project Area. The El Camino Real /Chestnut Land Use Plan area is anchored by several public amenities, including Orange Memorial Park to the south, the Centennial Way pedestrian and bikeway, the Municipal Services Building, and the South San Francisco BART Station just to the north. The Redevelopment Agency owns approximately 14 acres of land north of Chestnut Avenue, which is currently vacant. The proposed Plan will facilitate development of 1,500 high- density residential units, over 200,000 square feet of new commercial development, open space, environmental stewardship, and potential new civic facilities. The Plan is Staff Report Subject: DDA for the transfer of real property from the Redevelopment Agency to the City of San Francisco Page 3 being designed to be consistent with the intent of the Grand Boulevard Initiative for El Camino Real and with smart growth principles, which include but are not limited to creating: mixed land uses, a range of housing opportunities and choices, walkable neighborhoods, compact urban form, opportunities for transit alternatives, and effective use of available infrastructure. Downtown Strategy The 1999 South San Francisco General Plan identifies the Downtown area as a transit- oriented development node near the Caltrain Station. With its transit services, proximity to major employers, and pedestrian- friendly corridor, Downtown is well- suited to attract new residents. The City's 2009 Downtown Strategy identified 14 opportunity sites with the potential to generate 458 new housing units and 388,200 square feet of new retail /commercial space. The Redevelopment Agency has strategically acquired sites, consistent with the MTC Priority Development Area, to increase residential development, create pedestrian- friendly connection from Grand Avenue to the Caltrain Station and to connect existing and future Downtown housing to transit services and jobs. Additionally, Agency funds were used to plan, design and construct the Downtown Parking Garage, opened in spring 2011. Five -Year Implementation Plan In support of the regional initiatives and planning efforts, the goals and objectives in the current five -year Implementation Plan guide the direction of future development within the Project Areas. For example, for the Downtown/Central Project Area, the Implementation Plan provides for expansion of the retail component to draw new shoppers, support for various cultural and civic uses that provide major anchors, promotion of the Downtown as a financial hub, creation of a pedestrian environment to encourage multiple stops by visitors, expansion and upgrading of housing opportunities, and incentives for infill development. For the El Camino Corridor, the Implementation Plan establishes the following goals and objectives: eliminate and prevent the spread of blight and non - conforming uses, promote new and continuing private sector investment, develop a spectrum of housing types affordable to various segments of the community, create civic and educational facilities, upgrade recreation areas and open space, and encourage the development of mixed -uses. For the Gateway Project Area, the Implementation Plan provides for strengthening the economic base and the community by installing public improvements needed to stimulate new development and employment growth. DISCUSSION The proposed transfer of certain Agency -owned properties to the City of South San Francisco would permit the City to implement the Agency's long -term redevelopment projects and programs, which will benefit the residents of the Project Areas and the community as a whole. The Redevelopment Agency has the responsibility to implement the redevelopment plans for the Downtown/Central Redevelopment Project, the El Camino Corridor Redevelopment Project, and the Gateway Redevelopment Project (the "Project Areas ") established by the Redevelopment Plans adopted for DDA Addresses PUC PUC properties and 1 Chestnut Avenue Affordable Housing 323 Miller Avenue, 310 Miller Avenue (including 311 Tamarack Lane), 380 Alta Vista, 714 -718 Linden Avenue, 339 -341 Commercial Avenue, and 314 Miller Avenue. Public Services Properties 480 N. Canal (Fire Station 61), 468 Miller Avenue, 296 Airport Boulevard, 80 Chestnut Avenue (museum), 559 Gateway Boulevard (Childcare Center), and 472 Grand Avenue /306 Spruce (medical clinic) Downtown Properties 200 Linden Avenue, 212 Baden Avenue, 216 Baden Avenue, 201 Grand Avenue, 207 Grand Avenue, 217 -219 Grand Avenue, 356 Grand Avenue, 432 Baden Avenue, 905 Linden Avenue, 938 Linden Avenue, and 616 Linden Avenue. Staff Report Subject: DDA for the transfer of real property from the Redevelopment Agency to the City of San Francisco Page 4 the Project Areas by the City Council of the City of South San Francisco. Within each Project Area, the Redevelopment Agency owns several parcels of real property that are currently used to provide, or are intended to be redeveloped to provide, important public services to residents of the Project Areas and residents of the City, such as affordable housing, fire protection, medical services, childcare services, and historical services. In addition, the Redevelopment Agency owns several parcels of real property in the Downtown/Central and the El Camino Project Areas that the Agency has strategically acquired for construction of mixed -use developments. Pursuant to Community Redevelopment Law (CRL) Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions. Likewise, under CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the sale in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan. Transfer of Redevelopment Agency Property The City and the Redevelopment Agency desire the City to implement the Redevelopment Plans for the Project Areas. Accordingly. the Agency and the City have negotiated the terms and conditions under which the Agency would transfer 29 properties, located in or near the Downtown/Central, El Camino Real, and Gateway Project Areas, to the City. The transfer of the real property would further the goals in the Redevelopment Plans, the Implementation Plan and the General Plan. The subject properties are listed in the following table and, according to the subject of the DDA. Staff Report Subject: DDA for the transfer of real property from the Redevelopment Agency to the City of San Francisco Page 5 Disposition and Development Agreements The City and the Agency have negotiated the following four Disposition and Development Agreements (DDA): PUC Properties DDA, Public Properties DDA, Affordable Housing Properties DDA, and Downtown Properties DDA. The attached four DDAs sets forth the conditions under which the Agency will transfer ownership of real property to the City . The DDAs require that the properties be used and developed solely for purposes consistent with the requirements of the Redevelopment Plan, the Implementation Plan and the South San Francisco General Plan. Findings The Agency has determined that (i) the disposition and development of the properties pursuant to the Agreements (a) is consistent with the Redevelopment Plans and the Implementation Plans for the Project Areas, (b) will be of benefit to the Project Areas, and (c) will further the goals of the Redevelopment Plans by providing important public services to the residents of the Project Area and the City and encouraging mixed use developments; and the Agency is authorized to (i) transfer land to the City, (ii) to require the City to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) to require the City to comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the transfer in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan. Assignment of Leases In connection with the transfer of the 29 properties identified above, the City and the Agency have also negotiated four Assignment of Leases for the PUC Properties, Downtown Properties, Affordable Housing Properties, and Public Service Properties. Pursuant to the Assignment of Leases, the Agency will assign, and the City will assume, all of the Agency's rights and obligations with tenants under the leases affecting the properties. Environmental Determination The properties being transferred pursuant to the DDAs include properties with existing development that will not change, vacant properties and properties that will be redeveloped. For those properties that will be redeveloped, the potential development would be consistent with the applicable general plan, specific plan and redevelopment plan. The applicable redevelopment plans were all subject to California Environmental Quality Act ( "CEQA ") analysis at the time of adoption of the plans. The specific CEQA compliance information, including applicable findings and references to prior environmental analysis applicable to the DDAs, is set forth in the resolution approving the DDAs. 1603376.1 Staff Report Subject: DDA for the transfer of real property from the Redevelopment Agency to the City of San Francisco Page 6 CONCLUSION It is recommended that the Redevelopment Agency Board approve by Resolutions: 1) the transfer of real property to the City and 2) Development and Disposition Agreements (DDA) between the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco. Approval of these measures and authorizing the Executive Director to execute the agreements will allow the City to implement long -term planning projects, provide important public services to residents of the Project Areas and residents of the City, such as affordable housing, fire protection, medical services, childcare services, and historical services, and to enable the construction of mixed use developments. By: , Approved: Marty Van Duyn Assistant Executive D &ctor Executive Director Attachments: Resolution Development and Disposition Agreements (4) Assignment of Leases (4) Barry M. Nagel RESOLUTION NO REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO APPROVING THE TRANSFER OF REAL PROPERTY FROM THE AGENCY TO THE CITY OF SOUTH SAN FRANCISCO AND AUTHORIZING EXECUTION OF DISPOSITION AND DEVELOPMENT AGREEMENTS AND ASSIGNMENT OF LEASE AGREEMENTS WITH THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council of the City of South San Francisco ( "City Council ") established the Downtown /Central Redevelopment Project, the El Camino Corridor Redevelopment Project and the Gateway Redevelopment Project (collectively, the "Project Areas ") and adopted the Redevelopment Plans for the Project Areas (collectively, the "Redevelopment Plan "); WHEREAS, pursuant to CRL Section 33205, the Agency is authorized to delegate to the City of South San Francisco ( "City ") any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; WHEREAS, pursuant to CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plans, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the transfer in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plans; WHEREAS, City and Agency staff have negotiated the terms and conditions under which the Agency would transfer, and the City would acquire, the following real property ( "Property ") located in or adjacent to the Project Areas for use and redevelopment consistent with the Redevelopment Plans: former PUC properties (APNs: 093 -312 -050, 093 - 312 -060, 093- 331 -050, 093 - 331 -060, & 011- 326 -030), 1 Chestnut Avenue (APN: 011 - 322 -030), 323 Miller Avenue (APN: 012 - 312 -070), 310 Miller Avenue (APN: 012 - 311 -230); 380 Alta Vista (APN: 013 - 232 -170), 714 -718 Linden Avenue (APN: 012 - 145 -430), 339 -341 Commercial Avenue (APN: 012 - 311 -250), 480 N. Canal (014 -061 -110), 468 Miller Avenue (APN: 012 - 301 -020), 296 Airport Boulevard (APN: 012- 338 -160), 80 Chestnut Avenue (APN: 011- 324 -190), 559 Gateway (APN: 015- 024 -490), 472 Grand /306 Spruce (APN: 012 - 302 -140), 200 Linden Avenue (APNs: 012 - 334 -130 & - 012 - 334 -160), 212 Baden (APN: 012 - 334 -040), 216 Baden (APN: 012- 1596473.2596473.1 1 334 -030), 201 Grand (APN: 012- 316 -100), 207 Grand (APN: 012 -316 -100), 217 -219 Grand Avenue (APNs: 012- 316 -060, 012 - 316 -080, & 012- 316 -090), 356 Grand (APN: 012- 312 -300), 432 Baden /429 Third Lane (APN: 012 - 321 -160), 905 Linden (APN: 012 - 101 -100), 938 Linden (APN: 012 - 102 -030) and 616 Linden (APN: 012- 174 -300). WHEREAS, the Property and the terms and conditions for its redevelopment are more particularly described in four proposed Disposition and Development Agreements (the "DDAs "), copies of which have been provided to the Agency Board and the City Council; WHEREAS, in connection with the transfer of the Property, the parties have also negotiated four Assignment of Leases ( "Assignment Agreements ") pursuant to which the Agency will assign to the City, and the City will assume, all of the Agency's rights and obligations under the leases affecting the Property; WHEREAS, the pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the DDAs, the Assignment Agreements and the grant deeds, and the transfer of the Property, is not a project subject to the California Environmental Quality Act ( "CEQA "), because a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, which the approval of agreements and transfer of property does not; WHEREAS, the City and /or Agency has already certified Environmental Impact Reports, or adopted other lawful CEQA review, which adequately analyzes the environmental impacts of the activities completed or contemplated for the Property, including the following Environmental Impact Reports and Mitigated Negative Declarations, each of which is expressly relied upon for this action, pursuant to CEQA Guidelines Section 15152, and available for review during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080: • General Plan EIR • General Plan Update EIR • Redevelopment Plan for the Downtown / Central Redevelopment Project EIR • U.S. Steel Redevelopment Project EIR • Redevelopment Plan for the El Camino Corridor Redevelopment Project EIR • El Camino Corridor Redevelopment Plan Amendment Supplemental EIR • South El Camino Real General Plan Amendment EIR • El Camino Real /Chestnut Avenue Area Plan EIR • Gateway Master Plan EIR • Revised Miller Avenue Parking Structure IS /MND; WHEREAS, development of certain parcels included in the Property consisting of the "PUC Properties" and 1 Chestnut Avenue, will be subject to future CEQA review to the extent that impacts of such development have not already been adequately analyzed in the General Plan EIR, General Plan Update EIR, Redevelopment Plan for the El Camino Corridor Redevelopment Project EIR, El Camino Corridor Redevelopment Plan Amendment Supplemental EIR, or the El Camino Real /Chestnut Avenue Area Plan EIR; 1596473.2596473.1 2 WHEREAS, development of certain parcels included in the Property identified as the "Affordable Housing Properties" and consisting of 323 Miller Avenue, 310 Miller Avenue (including 311 Tamarack Lane), 380 Alta Vista, 714 -718 Linden Avenue, 339 -341 Commercial Avenue, and 314 Miller Avenue, consists of only small, multi - family residential structures, the construction of which is exempt from CEQA pursuant to CEQA Guidelines, Section 15303; development of the one vacant Affordable Housing Property (323 Miller Avenue) is also anticipated to be exempt from CEQA pursuant to Section 15303; WHEREAS, development of certain parcels included in the Property, identified as the "Public Service Properties" and consisting of 480 N. Canal (Fire Station 61), 80 Chestnut Avenue (museum), 559 Gateway Boulevard (child care center) and 472 Grand Avenue /306 Spruce (medical center) has already been completed consistent with and pursuant to the EIRs and IS /MND identified above; WHEREAS, development of certain parcels included in the Property identified as the "Downtown Properties" and consisting of 200 Linden Avenue, 212 Baden Avenue, 216 Baden Avenue, 201 Grand Avenue, 207 Grand Avenue, 217 -219 Grand Avenue, 356 Grand Avenue, 432 Baden Avenue, 905 Linden Avenue, 938 Linden Avenue, and 616 Linden Avenue, will be subject to future CEQA review to the extent that impacts of such development have not already been adequately analyzed in the General Plan EIR, General Plan Update EIR, or Redevelopment Plan for the Downtown / Central Redevelopment Project EIR; and WHEREAS, CRL Sections 33430 and 33432 authorize a redevelopment agency to transfer property to the City or another public agency. NOW THEREFORE BE IT RESOLVED that the Redevelopment Agency of the City of South San Francisco hereby 1. Finds that the foregoing Recitals are true and correct and made a part of this Resolution. 2. Finds that the transfer of the Property in accordance with the DDAs will assist in the elimination of blight in the Project Areas, will further the goals of the Redevelopment Plans, and will be consistent with the implementation plans adopted in connection therewith. 3. Approves the transfer of the Property from the Agency to the City pursuant to the terms and conditions set forth in the DDAs. 4. Authorizes the Executive Director to execute the DDAs, the Assignment Agreements and the grant deeds for conveyance of the Property ( "Grant Deeds ") substantially in the forms on file with the Agency Secretary, and to make revisions to such documents, subject to the approval of counsel, which do not materially or substantially increase the Agency's obligations thereunder; 5. Authorizes the Executive Director to execute such other instruments and to take such other actions as necessary to carry out the intent of this Resolution. 1596473.2596473.1 3 * AYES: NOES: ABSTAIN: ABSENT: I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a meeting held on the 2nd day of March, 2011 by the following vote: ATTEST: 1596473.2596473.1 4 Agency Secretary DISPOSITION AND DEVELOPMENT AGREEMENT (Downtown Properties) THIS DISPOSITION AND DEVELOPMENT AGREEMENT (this "Agreement "), dated as March , 2011 ( "Effective Date "), is entered into by and between the City of South San Francisco, a municipal corporation ( "City "), and the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency "). Agency and City are hereinafter collectively referred to as the "Parties." RECITALS WHEREAS, pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Downtown /Central Redevelopment Project (the "Project Area ") adopted by the City Council of the City of South San Francisco ( "City Council ") (as subsequently amended, hereafter the "Redevelopment Plan "); WHEREAS, the Agency owns that certain real property located in or adjacent to the Project Area known as San Mateo County Assessor's Parcel Numbers 012 - 334 -130, 012 -334- 160, 012- 334 -040, 012 - 334 -030, 012 - 316 -110, 012 - 316 -100, 012- 316 -060, 012 - 316 -080, 012- 316 -090, 012 - 312 -300, 012- 321 -160, 012 - 101 -100, 012 - 102 -030, and 012 -174 -300, as described in Exhibit A attached hereto and incorporated herein (the "Property "); WHEREAS, the Agency seeks development of the Property consistent with the Redevelopment Plan; WHEREAS, pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; WHEREAS, pursuant to CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the sale in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan; WHEREAS, to facilitate the redevelopment of the Project Area and the Property, the Agency desires to transfer the Property to City, and City desires to acquire the Property from Agency, subject to the terms and conditions set forth herein, which are designed to ensure that the redevelopment of the Property is carried out in accordance with the Redevelopment Plan; and 1596313.1 WHEREAS, the purpose of this Agreement is to effectuate the Redevelopment Plan by providing for the redevelopment of the Property as more particularly set forth herein. The Agency has determined that (i) the disposition and development of the Property pursuant to this Agreement (a) is consistent with the Redevelopment Plan and the Implementation Plan for the Project Area, (b) will be of benefit to the Project Area, and (c) will further the goals of the Redevelopment Plan by providing for residential, retail and commercial development in the Project Area. NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows. 1. Transfer. Agency shall transfer to City, and City shall accept from Agency, the Property in accordance with the terms, covenants and conditions set forth herein. 2. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for the Property, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to the Property. Prior to approval of any project for the Property, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. 3. Conveyance of Title; Closing_ Conveyance of the Property shall be accomplished by the execution, delivery, and recordation of one or more grant deeds substantially in the form attached hereto as Exhibit B (the "Grant Deeds "). Unless this Agreement is terminated pursuant to the terms hereof or extended by mutual written consent of the Parties, the closing date for conveyance of the Property ( "Closing Date ") shall be a date mutually agreeable to the Parties, but not later than six (6) months following the Effective Date, unless the Parties mutually agree to extend such deadline. On the Closing Date: (i) the Agency shall execute and deliver the Grant Deeds to City; (ii) the City shall execute a Certificate of Acceptance for each Grant Deed, and (iii) the City shall cause the Grant Deeds to be recorded in the Official Records of San Mateo County, California. Possession of the Property shall be delivered to City on the Closing Date; provided however, if mutually agreed upon by the Parties, the Parties may convey the parcels that comprise the Property in one or more conveyances on different dates. 4. Prorations; Closing Costs. Property taxes or payments in lieu of taxes (if any are applicable to the Property) shall be prorated as of the Closing Date based upon the most recent tax bill available, including any such payments which may accrue or property taxes which may be assessed after the Closing Date but which pertain to the period prior to the transfer of title to the Property to City, regardless of when or to whom notice thereof is delivered. Any bond or assessment that constitutes a lien on the Property as of the Closing Date shall be assumed by City. Rents payable under any leases existing prior to the Closing Date, and any utility and sewer service charges shall be prorated as of the Closing Date. Agency shall pay all recording fees, 1596313.1 2 transfer taxes, escrow fees and closing costs incurred in connection with the conveyance of the Property to City. City shall pay the cost of any policy of title insurance City elects to purchase in connection with the transactions contemplated hereby. 5. AS -IS Transfer. Except as provided in Section 6, City acknowledges and agrees that: (i) prior to the Closing Date, in City's discretion, City shall inspect the Property and examine the legal, environmental, zoning, land use, seismic, title, survey and physical characteristics and condition of the Property; (ii) by acquiring the Property, City shall be deemed to have approved of all such characteristics and conditions; (iii) the Property is to be transferred, conveyed to, and accepted by City in its present condition, "AS IS ", "WHERE IS" AND WITH ALL FAULTS, and no patent or latent defect or deficiency in the condition of the Property whether or not known or discovered, shall affect the rights of either Agency or City hereunder. 6. Environmental Indemnity. To the fullest extent permitted by law, Agency shall indemnify, defend (with counsel approved by the City) and hold the City and its elected and appointed officials, employees, agents and representatives harmless from and against all liabilities, losses, damages, fines, deficiencies, penalties, claims, demands, suits, actions, causes of action, legal or administrative proceedings, judgments, costs and expenses (including without limitation reasonable attorneys' fees and court costs) (all of the foregoing, collectively "Claims ") resulting, arising, or based directly or indirectly in whole or in part, upon the presence, release, use, generation, discharge, transport, storage or disposal of any Hazardous Materials on, under, in or about, or the transportation of any such Hazardous Materials to or from the Property. The foregoing indemnity shall further apply to any contamination of any property or natural resources arising in connection with the generation, use, handling, treatment, storage, transport or disposal of any such Hazardous Materials, and irrespective of whether any of such activities were or will be undertaken in accordance with Hazardous Materials Laws and shall include, without limitation, any Claims arising in connection with any investigation of site conditions or any cleanup, remedial, removal or restoration work ordered by a court or required by any federal, state, or local governmental agency or political subdivision. As used herein, "Hazardous Materials" means any substance, material, or waste which is or becomes regulated by any local, state or federal authority, agency or governmental body. As used herein "Hazardous Materials Laws" means all federal, state and local laws, ordinances, regulations, orders and directives pertaining to Hazardous Materials. 7. Agency's Covenants. Agency covenants that from the Effective Date and through the Closing Date, Agency: (i) shall not permit any liens, encumbrances, or easements to be placed on the Property without the consent of City; (ii) shall not enter into any agreement regarding the sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on City or the Property after the Closing Date without the prior written consent of City; (iii) shall not permit any act of waste or act that would tend to diminish the value of the Property for any reason, except that caused by ordinary wear and tear; and (iv) shall maintain the Property in its condition as of the Effective Date, ordinary wear and tear excepted, and shall manage the Property substantially in accordance with Agency's established practices. 1596313.1 3 8. Damage and Destruction. In the event of any damage or other loss to the Property, or any portion thereof, caused by fire, flood or other casualty prior to the Closing Date in an amount not exceeding $50,000, City shall not be entitled to terminate this Agreement, but shall be obligated to accept the Property as provided in this Agreement, provided that Agency shall: (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. In the event of damage or destruction of the Property or any portion thereof prior to the Closing Date in an amount in excess of $50,000, City may elect either to terminate this Agreement upon written notice to Agency, or to consummate the transfer of the Property, in which case Agency shall (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. 9. Condemnation. If prior to Close of Escrow, a material portion of the Property is taken by eminent domain (or an action of eminent domain has been commenced against all or any portion of the Property) (excluding for purposes of this Section, the exercise of any eminent domain powers by the City), upon Agency's receipt of notice thereof Agency shall promptly notify City of such fact, and City shall have the option to terminate this Agreement upon notice to Agency given not later than ten (10) days after City's receipt of Agency's notice. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. If City does not exercise such option to terminate this Agreement, Agency shall assign to City on the Closing Date, and City shall be entitled to negotiate for, receive, and keep, all awards, and rights to receive future awards, for such taking by eminent domain, and the transaction contemplated by this Agreement shall be consummated pursuant to the terms hereof. 10. Restrictions on Use. City pledges that City shall use, and shall permit the Property to be developed, solely for purposes consistent with the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City's General Plan as it presently exists or may be amended. The requirements of this Section 10 shall be included in the Grant Deeds conveying the Property to City, shall constitute covenants running with the land, shall be binding on successors, and shall survive the Close of Escrow and the termination of this Agreement. 11. Obligation to Refrain from Discrimination. City shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. City covenants for itself and all persons claiming under or through it, and this Agreement is made and accepted upon and subject to the 1596313.1 4 condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall City or any person claiming under or through City establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. City shall include such provision in all deeds, leases, contracts and other instruments executed by City, and shall enforce the same diligently and in good faith. All deeds, leases or contracts made or entered into by City, its successors or assigns, as to any portion of the Property or the improvements located thereon shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, 1596313.1 5 national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 12. Defaults and Remedies. 12.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 12.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non - defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and /or enjoining, abating, or preventing any violation of such terms and conditions, and /or seeking to obtain any other remedy consistent with the purpose of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 1596313.1 6 12.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 12.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 13. Miscellaneous. 13.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (i) personal delivery, in which case notice is effective upon delivery; (ii) certified or registered mail, return receipt requested, in which case notice shall be deemed delivered on receipt if delivery is confirmed by a return receipt; (iii) nationally recognized overnight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; (iv) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first - class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness To Agency: To City: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: City Manager 1596313.1 7 13.2 No Brokers. Each Party hereby represents and warrants to the other Party that it has retained no broker or other party to whom a commission or finder's fee is due with respect to the transactions contemplated hereby. Each Party shall defend, indemnify and hold the other Party harmless from and against all claims, expenses, costs, or arising in connection with a breach of this warranty and representation. The terms of this Section shall survive the expiration or earlier termination of this Agreement. 13.3 Attorneys' Fees. If either Party fails to perform any of its obligations under this Agreement, or if any dispute arises between the Parties concerning the meaning or interpretation of any provision hereof, then the prevailing party in any proceeding in connection with such dispute shall be entitled to the costs and expenses it incurs on account thereof and in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys' fees and disbursements. 13.4 Entire Agreement. This Agreement, together with Exhibits A and B, constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 13.5 Provisions Not Merged With Deeds. None of the provisions, terms, representations, warranties and covenants of this Agreement are intended to or shall be merged by the Grant Deeds, and neither the Grant Deeds nor any other document shall affect or impair the provisions, terms, representations, warranties and covenants contained herein. Without limiting the generality of the foregoing: (i) Agency's representations, warranties and covenants contained herein shall survive the Close of Escrow, (ii) all provisions of this Agreement that expressly state that they shall survive the Close of Escrow and the termination of this Agreement, shall do so, and (iii) Agency and City intend that City's obligations pursuant to Sections 6, 10 and 11 will survive the termination of this Agreement, the Close of Escrow and the transfer of the Property to City. 13.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 13.7 Interpretation; Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 13.8 Exhibits. Exhibits A and B attached hereto is incorporated herein by this reference and made a part of this Agreement. 13.9 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any 1596313.1 8 right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 13.10 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 13.11 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 13.12 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 13.13 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and /or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 13.14 Severability. If any term, provision, or condition of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall continue in full force and effect unless the rights and obligations of the Parties have been materially altered or abridged thereby. 13.15 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. SIGNATURES ON FOLLOWING PAGE 1596313.1 9 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. AGENCY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body corporate and politic By. ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel CITY CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1596313.1 10 APN # Address Descri I tion 012 - 334 -130, 012 - 334 -160 200 Linden Parking lot (IT building Office (IT Department) 012 - 334 -040 212 Baden Parking lot (former Giorgi Brothers) 012 - 334 -030 216 Baden Vacant 012- 316 -110 201 Grand Parking Lot Parking lot (Copa Cabana site) 012- 316 -100 207 Grand Vacant lot (former Cash & Loan property) 012- 316 -060, 012 -316 -080, 012 - 316 -090 217 -19 Grand Commercial (Ben Tre) Vacant lot on east side of the commercial (Ben Tre) property. Vacant lot on west side of Mexico Tipico property 012- 312 -300 356 Grand Breezeway (former Asian Market) 012 - 321 -160 432 Baden/429 Third Lane Parking lot 012- 101 -100 905 Linden (at Armour) Vacant /green space 012 -102 -030 938 Linden Commercial (office space) 012 -174 -300 616 Linden Parking lot Exhibit A PROPERTY 1596313.1 11 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 APNs: Exhibit B (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) FORM OF GRANT DEED (DOWNTOWN PROPERTIES) For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic (the "Grantor ") acting to carry out the Redevelopment Plan for the Downtown/Central Redevelopment Project (the "Redevelopment Plan ") for redevelopment purposes pursuant to the Community Redevelopment Law of the State of California, hereby grants and conveys to the City of South San Francisco, a municipal corporation (the "Grantee "), the real property (the "Property ") located in the City of South San Francisco at , designated as San Mateo County Assessors Parcel Nos. and more particularly described in Exhibit A attached hereto and incorporated in this grant deed ( "Grant Deed ") by this reference. 1. Disposition and Development Agreement. The Property is conveyed subject to the Redevelopment Plan and that certain unrecorded Disposition and Development Agreement entered into by and between the Grantor and the Grantee dated as of March , 2011 (the "Agreement "). 2. Use Restrictions. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Property shall be used and developed solely for purposes consistent with the requirements of the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City of South San Francisco General Plan, as it presently exists or may be amended. 3. Nondiscrimination. Grantee shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. Grantee covenants for itself and all persons claiming under or through it, and this Grant Deed is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 1596313.1 12 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall Grantee or any person claiming under or through Grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. All deeds, leases or contracts made or entered into by Grantee, its successors or assigns, as to any portion of the Property or the Improvements shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. 1596313.1 13 "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 4. Term of Restrictions. The covenants contained in Section 2 regarding use of the Property shall remain in effect until the date which is the expiration date of the Redevelopment Plan as in effect on the date of this Grant Deed. The covenants against discrimination contained in Section 3 shall remain in effect in perpetuity. 5. Mortgagee Protection. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or render invalid or in any way impair the lien or charge of any mortgage, deed of trust or other financing or security instrument permitted by the Agreement; provided, however, that any successor of Grantee to the Property shall be bound by such remaining covenants, conditions, restrictions, limitations and provisions, whether such successor's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise. 6. Binding On Successors. The covenants contained in Sections 2 and 3 of this Grant Deed, without regard to technical or legal classification or designation specified in this Grant Deed or otherwise, shall to the fullest extent permitted by law and equity, be binding upon Grantee and any successor in interest to the Property or any part thereof, for the benefit of Grantor, and its successors and assigns, and such covenants shall run in favor of and be enforceable by the Grantor and its successors and assigns for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor is or remains an owner of any land or interest therein to which such covenants relate. In the event of any breach of any of such covenants, the Grantor and its successors and assigns shall have the right to exercise all rights and remedies available under law or in equity to enforce the curing of such breach. 7. Enforcement. The Grantor shall have the right to institute such actions or proceedings as it may deem desirable to enforce the provisions set forth herein. Any delay by the Grantor in 1596313.1 14 instituting or prosecuting any such actions or proceedings or otherwise asserting its rights hereunder shall not operate as a waiver of or limitation on such rights, nor operate to deprive Grantor of such rights, nor shall any waiver made by the Grantor with respect to any specific default by the Grantee, its successors and assigns, be considered or treated as a waiver of Grantor's rights with respect to any other default by the Grantee, its successors and assigns, or with respect to the particular default except to the extent specifically waived. 8. Amendment. Only the Grantor, its successors and assigns, and the Grantee and the successors and assigns of the Grantee in and to all or any part of the fee title to the Property shall have the right to consent and agree to changes or to eliminate in whole or in part any of the covenants contained in this Grant Deed. For purposes of this Section, successors and assigns of the Grantee shall be defined to include only those parties who hold all or any part of the Property in fee title, and not to include a tenant, lessee, easement holder, licensee, mortgagee, trustee, beneficiary under deed of trust, or any other person or entity having an interest less than a fee in the Property and Improvements. 9. Conflict. In the event there is a conflict between the provisions of this Grant Deed and the Agreement, it is the intent of the parties that the Agreement shall control. 10. Counterparts. This Grant Deed may be executed in counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. SIGNATURES ON FOLLOWING PAGES. 1596313.1 15 IN WITNESS WHEREOF, Grantor and Grantee have executed this Grant Deed as of this day of , 2011. GRANTOR: REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By: Executive Director Agency Secretary APPROVED AS TO FORM: By: Agency Counsel GRANTEE: FORM — DO NOT SIGN CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1596313.1 16 SIGNATURES MUST BE NOTARIZED. STATE OF CALIFORNIA ) ) COUNTY OF SAN MATEO ) On , 20_, before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) STATE OF CALIFORNIA ) ) COUNTY OF SAN MATEO ) On , 20 , before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1596313.1 17 Exhibit A to Grant Deed PROPERTY (Attach legal description.) 1596313.1 18 This is to certify that the interest in real property conveyed by the Grant Deed dated , 2011, from the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic, to the City of South San Francisco, a municipal corporation ( "City "), is hereby accepted on behalf of the City by its City Manager pursuant to authority conferred by Resolution No. , adopted by the City Council of the City of South San Francisco on , 2011, and that the City consents to recordation of the Grant Deed by its duly authorized officer. Dated , 2011 CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney CERTIFICATE OF ACCEPTANCE SIGNATURES MUST BE NOTARIZED. 1596313.1 19 ASSIGNMENT OF LEASES (DOWNTOWN PROPERTIES) THIS ASSIGNMENT OF LEASES ( "Assignment "), is made as of the day of March, 2011 ( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic. ( "Assignor ") and the City of South San Francisco, a municipal corporation ( "Assignee "). RECITALS WHEREAS, by Disposition and Development Agreement ( "DDA ") dated as of March 2011, by and between Assignor and Assignee, Assignor agreed to transfer to Assignee that certain real property located at 217 -19 Grand Avenue ( "Property ") as more particularly described in the DDA; and WHEREAS, Assignor desires to assign to Assignee certain leases and rental agreements concerning the Property and Assignee desires to assume the obligations of Assignor under such leases and rental agreements arising from and after the date of such assignment. NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto hereby agree as follows: 1. Assignment. Assignor hereby assigns, sets over and transfers to Assignee all of its right, title and interest in, to and under the leases and rental agreements (collectively, "Leases ") with the tenants of the Property identified on Exhibit A attached hereto and incorporated herein by this reference, together with all prepaid rent and all security or other deposits paid by the tenants under the Leases. All such prepaid rent and security or other deposits shall be payable to Assignee at close of escrow for the transfer of the Property to Assignee. 2. Assumption of Lease Obligations. Assignee assumes and agrees to perform all obligations of the landlord under the Leases, arising as of the date hereof. 3. Deposits. Assignee assumes all liability and obligations of the landlord under the Leases to return any security deposits or other deposits of a similar nature made by tenants in connection with or pursuant to the Leases, unless Assignee delivers the deposits to a future landlord under the Leases and gives any notice required by law and such delivery and notice releases all prior landlords for any obligation to deliver the deposits to the tenants. 4. Miscellaneous. This Assignment and the obligations of the parties hereunder shall survive the closing of the transaction referred to in the DDA and shall not be merged therein, shall be binding upon and inure to the benefit of the parties hereto, their respective legal representatives, successors and assigns, shall be governed by and construed in accordance with the laws of the State of California, and may not be modified or amended in any manner other than by a written agreement signed by the party to be charged therewith. 5. Severability. If any term or provision of this Assignment or the application thereof to any persons or circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Assignment or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Assignment shall be valid and enforced to the fullest extent permitted by law. 6. Counterparts. This Assignment may be executed in counterparts, each of which shall be an original and all of which counterparts taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Assignment as of the date first set forth hereinabove. ASSIGNOR REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel ASSIGNEE CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: 1596597.1 2 By City Clerk APPROVED AS TO FORM: By City Attorney 1596597.1 3 Exhibit A LEASES 1. Commercial Lease Agreement dated as of November 21, 2008, and executed by and between Five Pasco Brothers, Inc. c/o Penna Realty Property Management as Landlord and Bok Duk Song dba Mom's Tofu as Tenant, concerning the property located at 217 Grand Avenue, South San Francisco, California. Such lease was assigned to the Redevelopment Agency of the City South San Francisco as Landlord in 2010. 2. Commercial Lease Agreement dated as of May 18, 2004, and executed by and between Five Pasco Brothers, Inc. c/o Penna Realty Property Management as Landlord and Zuhair K. Mukatash and Khoulod Y. Mukates as Tenant, concerning the property located at 219 Grand Avenue, South San Francisco, California. Such lease was assigned to Viet Linh Nguyen dba Ben Tre, Vietnamese Homestyle Cuisine as Tenant pursuant to an Assignment of Lease Agreement dated as of August 4, 2008. Such lease was assigned to the Redevelopment Agency of the City of South San Francisco as Landlord in 2010. 1596597.1 4 DISPOSITION AND DEVELOPMENT AGREEMENT (FORMER PUC PARCELS) THIS DISPOSITION AND DEVELOPMENT AGREEMENT (this "Agreement "), dated as March , 2011 ( "Effective Date "), is entered into by and between the City of South San Francisco, a municipal corporation ( "City "), and the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency "). Agency and City are hereinafter collectively referred to as the "Parties." RECITALS WHEREAS, pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the El Camino Corridor Redevelopment Project (the "Project Area ") adopted by the City Council of the City of South San Francisco ( "City Council ") (as subsequently amended, hereafter the "Redevelopment Plan "); WHEREAS, the Agency owns that certain real property located in or adjacent to the Project Area known as San Mateo County Assessor's Parcel Numbers 093 -312 -050, 093 -312- 060, 093 -331 -050, 093 - 331 -060, 011- 326 -030 and 011 - 322 -030 as described in Exhibit A attached hereto (the "Property "); WHEREAS, the Agency seeks development of the Property consistent with the Redevelopment Plan; WHEREAS, pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; WHEREAS, pursuant to CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the sale in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan; WHEREAS, to facilitate the redevelopment of the Project Area and the Property, the Agency desires to transfer the Property to City, and City desires to acquire the Property from Agency, subject to the terms and conditions set forth herein, which are designed to ensure that the redevelopment of the Property is carried out in accordance with the Redevelopment Plan; and 1595915.1 1 WHEREAS, the purpose of this Agreement is to effectuate the Redevelopment Plan by providing for the redevelopment of the Property as more particularly set forth herein. The Agency has determined that (i) the disposition and development of the Property pursuant to this Agreement (a) is consistent with the Redevelopment Plan and the Implementation Plan for the Project Area, (b) will be of benefit to the Project Area, and (c) will further the goals of the Redevelopment Plan by providing for residential, retail and commercial development in the Project Area. NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows. 1. Transfer. Agency shall transfer to City, and City shall accept from Agency, the Property in accordance with the terms, covenants and conditions set forth herein. 2. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for the Property, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to the Property. Prior to approval of any project for the Property, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. 3. Conveyance of Title; Closing. Conveyance of the Property shall be accomplished by the execution, delivery, and recordation of one or more grant deeds substantially in the form attached hereto as Exhibit B (the "Grant Deeds "). Unless this Agreement is terminated pursuant to the terms hereof or extended by mutual written consent of the Parties, the closing date for conveyance of the Property ( "Closing Date ") shall be a date mutually agreeable to the Parties, but not later than six (6) months following the Effective Date, unless the Parties mutually agree to extend such deadline. On the Closing Date: (i) the Agency shall execute and deliver the Grant Deeds to City; (ii) the City shall execute a Certificate of Acceptance for each Grant Deed, and (iii) the City shall cause the Grant Deeds to be recorded in the Official Records of San Mateo County, California. Possession of the Property shall be delivered to City on the Closing Date; provided however, if mutually agreed upon by the Parties, the Parties may convey the parcels that comprise the Property in one or more conveyances on different dates. 4. Prorations; Closing Costs. Property taxes or payments in lieu of taxes (if any are applicable to the Property) shall be prorated as of the Closing Date based upon the most recent tax bill available, including any such payments which may accrue or property taxes which may be assessed after the Closing Date but which pertain to the period prior to the transfer of title to the Property to City, regardless of when or to whom notice thereof is delivered. Any bond or assessment that constitutes a lien on the Property as of the Closing Date shall be assumed by City. Rents payable under any leases existing prior to the Closing Date, and any utility and sewer service charges shall be prorated as of the Closing Date. Agency shall pay all recording fees, 1595915.1 2 transfer taxes, escrow fees and closing costs incurred in connection with the conveyance of the Property to City. City shall pay the cost of any policy of title insurance City elects to purchase in connection with the transactions contemplated hereby. 5. AS -IS Transfer. Except as provided in Section 6, City acknowledges and agrees that: (i) prior to the Closing Date, in City's discretion, City shall inspect the Property and examine the legal, environmental, zoning, land use, seismic, title, survey and physical characteristics and condition of the Property; (ii) by acquiring the Property, City shall be deemed to have approved of all such characteristics and conditions; (iii) the Property is to be transferred, conveyed to, and accepted by City in its present condition, "AS IS ", "WHERE IS" AND WITH ALL FAULTS, and no patent or latent defect or deficiency in the condition of the Property whether or not known or discovered, shall affect the rights of either Agency or City hereunder. 6. Environmental Indemnity. To the fullest extent permitted by law, Agency shall indemnify, defend (with counsel approved by the City) and hold the City and its elected and appointed officials, employees, agents and representatives harmless from and against all liabilities, losses, damages, fines, deficiencies, penalties, claims, demands, suits, actions, causes of action, legal or administrative proceedings, judgments, costs and expenses (including without limitation reasonable attorneys' fees and court costs) (all of the foregoing, collectively "Claims ") resulting, arising, or based directly or indirectly in whole or in part, upon the presence, release, use, generation, discharge, transport, storage or disposal of any Hazardous Materials on, under, in or about, or the transportation of any such Hazardous Materials to or from the Property. The foregoing indemnity shall further apply to any contamination of any property or natural resources arising in connection with the generation, use, handling, treatment, storage, transport or disposal of any such Hazardous Materials, and irrespective of whether any of such activities were or will be undertaken in accordance with Hazardous Materials Laws and shall include, without limitation, any Claims arising in connection with any investigation of site conditions or any cleanup, remedial, removal or restoration work ordered by a court or required by any federal, state, or local governmental agency or political subdivision. As used herein, "Hazardous Materials" means any substance, material, or waste which is or becomes regulated by any local, state or federal authority, agency or governmental body. As used herein "Hazardous Materials Laws" means all federal, state and local laws, ordinances, regulations, orders and directives pertaining to Hazardous Materials. 7. Agency's Covenants. Agency covenants that from the Effective Date and through the Closing Date, Agency: (i) shall not permit any liens, encumbrances, or easements to be placed on the Property without the consent of City; (ii) shall not enter into any agreement regarding the sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on City or the Property after the Closing Date without the prior written consent of City; (iii) shall not permit any act of waste or act that would tend to diminish the value of the Property for any reason, except that caused by ordinary wear and tear; and (iv) shall maintain the Property in its condition as of the Effective Date, ordinary wear and tear excepted, and shall manage the Property substantially in accordance with Agency's established practices. 1595915.1 3 8. Damage and Destruction. In the event of any damage or other loss to the Property, or any portion thereof, caused by fire, flood or other casualty prior to the Closing Date in an amount not exceeding $50,000, City shall not be entitled to terminate this Agreement, but shall be obligated to accept the Property as provided in this Agreement, provided that Agency shall: (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. In the event of damage or destruction of the Property or any portion thereof prior to the Closing Date in an amount in excess of $50,000, City may elect either to terminate this Agreement upon written notice to Agency, or to consummate the transfer of the Property, in which case Agency shall (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. 9. Condemnation. If prior to Close of Escrow, a material portion of the Property is taken by eminent domain (or an action of eminent domain has been commenced against all or any portion of the Property) (excluding for purposes of this Section, the exercise of any eminent domain powers by the City), upon Agency's receipt of notice thereof Agency shall promptly notify City of such fact, and City shall have the option to terminate this Agreement upon notice to Agency given not later than ten (10) days after City's receipt of Agency's notice. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. If City does not exercise such option to terminate this Agreement, Agency shall assign to City on the Closing Date, and City shall be entitled to negotiate for, receive, and keep, all awards, and rights to receive future awards, for such taking by eminent domain, and the transaction contemplated by this Agreement shall be consummated pursuant to the terms hereof. 10. Restrictions on Use. City pledges that City shall use, and shall permit the Property to be developed, solely for purposes consistent with the Redevelopment Plan, the Implementation Plan adopted in connection therewith, the El Camino Real /Chestnut Specific Plan as adopted and amended by the City Council, and the City's General Plan as it presently exists or may be amended. The requirements of this Section 10 shall be included in the Grant Deeds conveying the Property to City, shall constitute covenants running with the land, shall be binding on successors, and shall survive the Close of Escrow and the termination of this Agreement. 11. Obligation to Refrain from Discrimination. City shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. City covenants for itself and all persons 1595915.1 4 claiming under or through it, and this Agreement is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall City or any person claiming under or through City establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. City shall include such provision in all deeds, leases, contracts and other instruments executed by City, and shall enforce the same diligently and in good faith. All deeds, leases or contracts made or entered into by City, its successors or assigns, as to any portion of the Property or the improvements located thereon shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on 1595915.1 5 (c) account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 12. Defaults and Remedies. 12.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 12.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non - defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and /or enjoining, abating, or preventing any violation of such terms and conditions, and /or seeking to obtain any other remedy consistent with the purpose of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 1595915.1 6 12.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 12.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 13. Miscellaneous. 13.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (i) personal delivery, in which case notice is effective upon delivery; (ii) certified or registered mail, return receipt requested, in which case notice shall be deemed delivered on receipt if delivery is confirmed by a return receipt; (iii) nationally recognized overnight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; (iv) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first - class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness To Agency: To City: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: City Manager 1595915.1 7 13.2 No Brokers. Each Party hereby represents and warrants to the other Party that it has retained no broker or other party to whom a commission or finder's fee is due with respect to the transactions contemplated hereby. Each Party shall defend, indemnify and hold the other Party harmless from and against all claims, expenses, costs, or arising in connection with a breach of this warranty and representation. The terms of this Section shall survive the expiration or earlier termination of this Agreement. 13.3 Attorneys' Fees. If either Party fails to perform any of its obligations under this Agreement, or if any dispute arises between the Parties concerning the meaning or interpretation of any provision hereof, then the prevailing party in any proceeding in connection with such dispute shall be entitled to the costs and expenses it incurs on account thereof and in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys' fees and disbursements. 13.4 Entire Agreement. This Agreement, together with Exhibits A and B, constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 13.5 Provisions Not Merged With Deeds. None of the provisions, terms, representations, warranties and covenants of this Agreement are intended to or shall be merged by the Grant Deeds, and neither the Grant Deeds nor any other document shall affect or impair the provisions, terms, representations, warranties and covenants contained herein. Without limiting the generality of the foregoing: (i) Agency's representations, warranties and covenants contained herein shall survive the Close of Escrow, (ii) all provisions of this Agreement that expressly state that they shall survive the Close of Escrow and the termination of this Agreement, shall do so, and (iii) Agency and City intend that City's obligations pursuant to Sections 6, 10 and 11 will survive the termination of this Agreement, the Close of Escrow and the transfer of the Property to City. 13.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 13.7 Interpretation; Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 13.8 Exhibits. Exhibits A and B attached hereto is incorporated herein by this reference and made a part of this Agreement. 13.9 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any 1595915.1 8 right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 13.10 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 13.11 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 13.12 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 13.13 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and /or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 13.14 Severability. If any term, provision, or condition of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall continue in full force and effect unless the rights and obligations of the Parties have been materially altered or abridged thereby. 13.15 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. SIGNATURES ON FOLLOWING PAGE 1595915.1 9 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. AGENCY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel CITY CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1595915.1 10 APN # Address Description 093 - 312 -050 Former PUC- vacant 093 - 312 -060 Former PUC - vacant 093 -331 -050 Centennial Way Linear Plan and Boys and Girls Club 093 - 331 -060 Centennial Way Linear Plan and Boys and Girls Club 011- 326 -030 Former Petrocchi property at corner of El Camino Real and Chestnut 011- 322 -030 1 Chestnut Avenue Former Ron Price motors Exhibit A PROPERTY 1595915.1 11 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 APNs: 1595915.1 12 Exhibit B (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) FORM OF GRANT DEED (PUC PROPERTIES) For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic (the "Grantor ") acting to carry out the Redevelopment Plan for the El Camino Corridor Redevelopment Project (the "Redevelopment Plan ") for redevelopment purposes pursuant to the Community Redevelopment Law of the State of California, hereby grants and conveys to the City of South San Francisco, a municipal corporation (the "Grantee "), the real property (the "Property ") located in the City of South San Francisco at , designated as San Mateo County Assessors Parcel Nos. and more particularly described in Exhibit A attached hereto and incorporated in this grant deed ( "Grant Deed ") by this reference. 1. Disposition and Development Agreement. The Property is conveyed subject to the Redevelopment Plan and that certain unrecorded Disposition and Development Agreement entered into by and between the Grantor and the Grantee dated as of March , 2011 (the "Agreement "). 2. Use Restrictions. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Property shall be used and developed solely for purposes consistent with the Redevelopment Plan, the Implementation Plan adopted in connection therewith, the El Camino Real /Chestnut Specific Plan as adopted and amended by the City Council, and the City's General Plan as it presently exists or may be amended. 3. Nondiscrimination. Grantee shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. Grantee covenants for itself and all persons claiming under or through it, and this Grant Deed is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall Grantee or any person claiming under or through Grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. All deeds, leases or contracts made or entered into by Grantee, its successors or assigns, as to any portion of the Property or the Improvements shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use 1595915.1 13 or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 4. Term of Restrictions. The covenants contained in Section 2 regarding use of the Property shall remain in effect until the date which is the expiration date of the Redevelopment Plan as in effect on the date of this Grant Deed. The covenants against discrimination contained in Section 3 shall remain in effect in perpetuity. 5. Mortgagee Protection. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or render invalid or in any way impair the lien or charge of any mortgage, deed of trust or other financing or security instrument permitted by the Agreement; provided, however, that any successor of Grantee to the Property shall be bound by such remaining covenants, conditions, restrictions, limitations and provisions, whether such successor's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise. 6. Binding On Successors. The covenants contained in Sections 2 and 3 of this Grant Deed, without regard to technical or legal classification or designation specified in this Grant Deed or otherwise, shall to the fullest extent permitted by law and equity, be binding upon Grantee and any successor in interest to the Property or any part thereof, for the benefit of Grantor, and its successors and assigns, and such covenants shall run in favor of and be enforceable by the Grantor and its successors and assigns for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor is or remains an owner of any land or interest therein to which such covenants relate. In the event of any breach of any of such covenants, the Grantor and its 1595915.1 14 successors and assigns shall have the right to exercise all rights and remedies available under law or in equity to enforce the curing of such breach. 7. Enforcement. The Grantor shall have the right to institute such actions or proceedings as it may deem desirable to enforce the provisions set forth herein. Any delay by the Grantor in instituting or prosecuting any such actions or proceedings or otherwise asserting its rights hereunder shall not operate as a waiver of or limitation on such rights, nor operate to deprive Grantor of such rights, nor shall any waiver made by the Grantor with respect to any specific default by the Grantee, its successors and assigns, be considered or treated as a waiver of Grantor's rights with respect to any other default by the Grantee, its successors and assigns, or with respect to the particular default except to the extent specifically waived. 8. Amendment. Only the Grantor, its successors and assigns, and the Grantee and the successors and assigns of the Grantee in and to all or any part of the fee title to the Property shall have the right to consent and agree to changes or to eliminate in whole or in part any of the covenants contained in this Grant Deed. For purposes of this Section, successors and assigns of the Grantee shall be defined to include only those parties who hold all or any part of the Property in fee title, and not to include a tenant, lessee, easement holder, licensee, mortgagee, trustee, beneficiary under deed of trust, or any other person or entity having an interest less than a fee in the Property and Improvements. 9. Conflict. In the event there is a conflict between the provisions of this Grant Deed and the Agreement, it is the intent of the parties that the Agreement shall control. 10. Counterparts. This Grant Deed may be executed in counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. SIGNATURES ON FOLLOWING PAGES. 1595915.1 15 GRANTOR: IN WITNESS WHEREOF, Grantor and Grantee have executed this Grant Deed as of this day of , 2011. REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By: GRANTEE: Executive Director Agency Secretary APPROVED AS TO FORM: By: Agency Counsel CITY OF SOUTH SAN FRANCISCO, a municipal corporation By ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1595915.1 16 FORM — DO NOT SIGN SIGNATURES MUST BE NOTARIZED. STATE OF CALIFORNIA ) ) COUNTY OF SAN MATEO ) On , 20_, before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) STATE OF CALIFORNIA ) ) COUNTY OF SAN MATEO ) On , 20 , before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1595915.1 17 Exhibit A to Grant Deed PROPERTY (Attach legal description.) 1595915.1 18 This is to certify that the interest in real property conveyed by the Grant Deed dated , 2011, from the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic, to the City of South San Francisco, a municipal corporation ( "City "), is hereby accepted on behalf of the City by its City Manager pursuant to authority conferred by Resolution No. , adopted by the City Council of the City of South San Francisco on , 2011, and that the City consents to recordation of the Grant Deed by its duly authorized officer. Dated , 2011 CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney CERTIFICATE OF ACCEPTANCE SIGNATURES MUST BE NOTARIZED. 1595915.1 19 1596588.1 ASSIGNMENT OF LEASES (PUC PROPERTIES) THIS ASSIGNMENT OF LEASES ( "Assignment "), is made as of the day of March, 2011( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic. ( "Assignor ") and the City of South San Francisco, a municipal corporation ( "Assignee "). RECITALS WHEREAS, by Disposition and Development Agreement ( "DDA ") dated as of , 2011, by and between Assignor and Assignee, Assignor agreed to transfer to Assignee that certain real property located in South San Francisco and known as San Mateo County Assessor's Parcel Numbers 093 - 312 -050, 093 -312 -060, 093 - 331 -050, 093 - 331 -060, and 011- 326 -030 ( "Property ") as more particularly described in the DDA; and WHEREAS, Assignor desires to assign to Assignee certain leases and rental agreements and Assignee desires to assume the obligations of Assignor under such leases and rental agreements arising from and after the date of such assignment. NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto hereby agree as follows: 1. Assignment. Assignor hereby assigns, sets over and transfers to Assignee all of its right, title and interest in, to and under the leases and rental agreements (collectively, "Leases ") with the tenants of the Property identified on Exhibit A attached hereto and incorporated herein by this reference, together with all prepaid rent and all security or other deposits paid by the tenants under the Leases. All such prepaid rent and security or other deposits shall be payable to Assignee at close of escrow for the transfer of the Property to Assignee. 2. Assumption of Lease Obligations. Assignee assumes and agrees to perform all obligations of the landlord under the Leases, arising as of the date hereof. 3. Deposits. Assignee assumes all liability and obligations of the landlord under the Leases to return any security deposits or other deposits of a similar nature made by tenants in connection with or pursuant to the Leases, unless Assignee delivers the deposits to a future landlord under the Leases and gives any notice required by law and such delivery and notice releases all prior landlords for any obligation to deliver the deposits to the tenants. 4. Miscellaneous. This Assignment and the obligations of the parties hereunder shall survive the closing of the transaction referred to in the DDA and shall not be merged therein, shall be binding upon and inure to the benefit of the parties hereto, their respective legal representatives, successors and assigns, shall be governed by and construed in accordance with the laws of the State of California, and may not be modified or amended in any manner other than by a written agreement signed by the party to be charged therewith. 5. Severability. If any term or provision of this Assignment or the application thereof to any persons or circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Assignment or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Assignment shall be valid and enforced to the fullest extent permitted by law. 6. Counterparts. This Assignment may be executed in counterparts, each of which shall be an original and all of which counterparts taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Assignment as of the date first set forth hereinabove. ASSIGNOR REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel ASSIGNEE CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By 1596588.1 2 City Clerk APPROVED AS TO FORM: By City Attorney 1596588.1 3 Exhibit A LEASES 1. San Francisco Water Department Revocable Permit dated as of January 7, 1958, and executed by and between the San Francisco Water Department as Licensor and South San Francisco Boys' Club as Licensee. Such license was assigned to the Redevelopment Agency of the City of South San Francisco as Licensor pursuant to an Assignment of Lease Agreement dated as of January 30, 2008. 2. San Francisco Water Department Land Use Permit dated as of January 31, 1990, and executed by and between the San Francisco Water Department as Licensor and Patrick Media Group Inc. as Licensee. Such license was assigned to Clear Channel Outdoor Inc. as Licensee. Such license was assigned to the Redevelopment Agency of the City of South San Francisco as Licensor pursuant to an Assignment of Lease Agreement dated as of January 30, 2008. 1596588.1 4 1596593.1 DISPOSITION AND DEVELOPMENT AGREEMENT (Public Properties) THIS DISPOSITION AND DEVELOPMENT AGREEMENT (this "Agreement "), dated as March , 2011 ( "Effective Date "), is entered into by and between the City of South San Francisco, a municipal corporation ( "City "), and the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency "). Agency and City are hereinafter collectively referred to as the "Parties." RECITALS WHEREAS, pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plans for the Downtown/Central Redevelopment Project, the El Camino Corridor Redevelopment Project, and the Gateway Redevelopment Project (the "Project Areas ") adopted by the City Council of the City of South San Francisco ( "City Council ") (as subsequently amended, hereafter the "Redevelopment Plans "); WHEREAS, the Agency owns that certain real property located in or adjacent to the Project Areas described in Exhibit A attached hereto and incorporated herein (the "Property "); WHEREAS, the Property is currently used to provide, or will be redeveloped to provide, important public services to residents of the Project Areas and residents of the City, such as fire protection, medical services, childcare services, and historical services; WHEREAS, pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; WHEREAS, pursuant to CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the sale in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan; WHEREAS, to facilitate the continued use of the Property for important public services, the Agency desires to transfer the Property to City, and City desires to acquire the Property from Agency, subject to the terms and conditions set forth herein, which are designed to ensure that the Property is used and /or redeveloped in accordance with the Redevelopment Plan; and WHEREAS, the purpose of this Agreement is to effectuate the Redevelopment Plan by providing for the use and /or redevelopment of the Property as more particularly set forth herein. The Agency has determined that (i) the disposition and development of the Property pursuant to this Agreement (a) is consistent with the Redevelopment Plans and the Implementation Plans for the Project Areas, (b) will be of benefit to the Project Areas, and (c) will further the goals of the Redevelopment Plans by providing important public services in the Project Area. NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows. 1. Transfer. Agency shall transfer to City, and City shall accept from Agency, the Property in accordance with the terms, covenants and conditions set forth herein. 2. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for the Property, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to the Property. Prior to approval of any project for the Property, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. 3. Conveyance of Title; Closing. Conveyance of the Property shall be accomplished by the execution, delivery, and recordation of one or more grant deeds substantially in the form attached hereto as Exhibit B (the "Grant Deeds "). Unless this Agreement is terminated pursuant to the terms hereof or extended by mutual written consent of the Parties, the closing date for conveyance of the Property ( "Closing Date ") shall be a date mutually agreeable to the Parties, but not later than six (6) months following the Effective Date, unless the Parties mutually agree to extend such deadline. On the Closing Date: (i) the Agency shall execute and deliver the Grant Deeds to City; (ii) the City shall execute a Certificate of Acceptance for each Grant Deed, and (iii) the City shall cause the Grant Deeds to be recorded in the Official Records of San Mateo County, California. Possession of the Property shall be delivered to City on the Closing Date; provided however, if mutually agreed upon by the Parties, the Parties may convey the parcels that comprise the Property in one or more conveyances on different dates. 4. Prorations; Closing Costs. Property taxes or payments in lieu of taxes (if any are applicable to the Property) shall be prorated as of the Closing Date based upon the most recent tax bill available, including any such payments which may accrue or property taxes which may be assessed after the Closing Date but which pertain to the period prior to the transfer of title to the Property to City, regardless of when or to whom notice thereof is delivered. Any bond or assessment that constitutes a lien on the Property as of the Closing Date shall be assumed by City. Rents payable under any leases existing prior to the Closing Date, and any utility and sewer service charges shall be prorated as of the Closing Date. Agency shall pay all recording fees, transfer taxes, escrow fees and closing costs incurred in connection with the conveyance of the Property to City. City shall pay the cost of any policy of title insurance City elects to purchase in connection with the transactions contemplated hereby. 1596593.1 2 5. AS -IS Transfer. Except as provided in Section 6, City acknowledges and agrees that: (i) prior to the Closing Date, in City's discretion, City shall inspect the Property and examine the legal, environmental, zoning, land use, seismic, title, survey and physical characteristics and condition of the Property; (ii) by acquiring the Property, City shall be deemed to have approved of all such characteristics and conditions; (iii) the Property is to be transferred, conveyed to, and accepted by City in its present condition, "AS IS ", "WHERE IS" AND WITH ALL FAULTS, and no patent or latent defect or deficiency in the condition of the Property whether or not known or discovered, shall affect the rights of either Agency or City hereunder. 6. Environmental Indemnity. To the fullest extent permitted by law, Agency shall indemnify, defend (with counsel approved by the City) and hold the City and its elected and appointed officials, employees, agents and representatives harmless from and against all liabilities, losses, damages, fines, deficiencies, penalties, claims, demands, suits, actions, causes of action, legal or administrative proceedings, judgments, costs and expenses (including without limitation reasonable attorneys' fees and court costs) (all of the foregoing, collectively "Claims ") resulting, arising, or based directly or indirectly in whole or in part, upon the presence, release, use, generation, discharge, transport, storage or disposal of any Hazardous Materials on, under, in or about, or the transportation of any such Hazardous Materials to or from the Property. The foregoing indemnity shall further apply to any contamination of any property or natural resources arising in connection with the generation, use, handling, treatment, storage, transport or disposal of any such Hazardous Materials, and irrespective of whether any of such activities were or will be undertaken in accordance with Hazardous Materials Laws and shall include, without limitation, any Claims arising in connection with any investigation of site conditions or any cleanup, remedial, removal or restoration work ordered by a court or required by any federal, state, or local governmental agency or political subdivision. As used herein, "Hazardous Materials" means any substance, material, or waste which is or becomes regulated by any local, state or federal authority, agency or governmental body. As used herein "Hazardous Materials Laws" means all federal, state and local laws, ordinances, regulations, orders and directives pertaining to Hazardous Materials. 7. Agency's Covenants. Agency covenants that from the Effective Date and through the Closing Date, Agency: (i) shall not permit any liens, encumbrances, or easements to be placed on the Property without the consent of City; (ii) shall not enter into any agreement regarding the sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on City or the Property after the Closing Date without the prior written consent of City; (iii) shall not permit any act of waste or act that would tend to diminish the value of the Property for any reason, except that caused by ordinary wear and tear; and (iv) shall maintain the Property in its condition as of the Effective Date, ordinary wear and tear excepted, and shall manage the Property substantially in accordance with Agency's established practices. 8. Damage and Destruction. In the event of any damage or other loss to the Property, or any portion thereof, caused by fire, flood or other casualty prior to the Closing Date in an amount not exceeding $50,000, City shall not be entitled to terminate this Agreement, but shall be obligated to accept the Property as provided in this Agreement, provided that Agency 1596593.1 3 shall: (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. In the event of damage or destruction of the Property or any portion thereof prior to the Closing Date in an amount in excess of $50,000, City may elect either to terminate this Agreement upon written notice to Agency, or to consummate the transfer of the Property, in which case Agency shall (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. 9. Condemnation. If prior to Close of Escrow, a material portion of the Property is taken by eminent domain (or an action of eminent domain has been commenced against all or any portion of the Property) (excluding for purposes of this Section, the exercise of any eminent domain powers by the City), upon Agency's receipt of notice thereof Agency shall promptly notify City of such fact, and City shall have the option to terminate this Agreement upon notice to Agency given not later than ten (10) days after City's receipt of Agency's notice. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. If City does not exercise such option to terminate this Agreement, Agency shall assign to City on the Closing Date, and City shall be entitled to negotiate for, receive, and keep, all awards, and rights to receive future awards, for such taking by eminent domain, and the transaction contemplated by this Agreement shall be consummated pursuant to the terms hereof. 10. Restrictions on Use. City pledges that City shall use and /or permit the Property to be developed solely for purposes consistent with the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City's General Plan, as it presently exists or may be amended. The requirements of this Section 10 shall be included in the Grant Deeds conveying the Property to City, shall constitute covenants running with the land, shall be binding on successors, and shall survive the Close of Escrow and the termination of this Agreement. 11. Obligation to Refrain from Discrimination. City shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. City covenants for itself and all persons claiming under or through it, and this Agreement is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, 1596593.1 4 in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall City or any person claiming under or through City establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. City shall include such provision in all deeds, leases, contracts and other instruments executed by City, and shall enforce the same diligently and in good faith. All deeds, leases or contracts made or entered into by City, its successors or assigns, as to any portion of the Property or the improvements located thereon shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the 1596593.1 5 selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 12. Defaults and Remedies. 12.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 12.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non- defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and /or enjoining, abating, or preventing any violation of such terms and conditions, and /or seeking to obtain any other remedy consistent with the purpose of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 12.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 1596593.1 6 12.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 13. Miscellaneous. 13.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (i) personal delivery, in which case notice is effective upon delivery; (ii) certified or registered mail, return receipt requested, in which case notice shall be deemed delivered on receipt if delivery is confirmed by a return receipt; (iii) nationally recognized overnight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; (iv) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first - class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness To Agency: To City: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: City Manager 13.2 No Brokers. Each Party hereby represents and warrants to the other Party that it has retained no broker or other party to whom a commission or finder's fee is due with respect to the transactions contemplated hereby. Each Party shall defend, indemnify and hold the other Party harmless from and against all claims, expenses, costs, or arising in connection with a 1596593.1 7 breach of this warranty and representation. The terms of this Section shall survive the expiration or earlier termination of this Agreement. 13.3 Attorneys' Fees. If either Party fails to perform any of its obligations under this Agreement, or if any dispute arises between the Parties concerning the meaning or interpretation of any provision hereof, then the prevailing party in any proceeding in connection with such dispute shall be entitled to the costs and expenses it incurs on account thereof and in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys' fees and disbursements. 13.4 Entire Agreement. This Agreement, together with Exhibits A and B, constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 13.5 Provisions Not Merged With Deeds. None of the provisions, terms, representations, warranties and covenants of this Agreement are intended to or shall be merged by the Grant Deeds, and neither the Grant Deeds nor any other document shall affect or impair the provisions, terms, representations, warranties and covenants contained herein. Without limiting the generality of the foregoing: (i) Agency's representations, warranties and covenants contained herein shall survive the Close of Escrow, (ii) all provisions of this Agreement that expressly state that they shall survive the Close of Escrow and the termination of this Agreement, shall do so, and (iii) Agency and City intend that City's obligations pursuant to Sections 6, 10 and 11 will survive the termination of this Agreement, the Close of Escrow and the transfer of the Property to City. 13.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 13.7 Interpretation; Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 13.8 Exhibits. Exhibits A and B attached hereto is incorporated herein by this reference and made a part of this Agreement. 13.9 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 1596593.1 8 13.10 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 13.11 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 13.12 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 13.13 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and /or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 13.14 Severability. If any term, provision, or condition of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall continue in full force and effect unless the rights and obligations of the Parties have been materially altered or abridged thereby. 13.15 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. SIGNATURES ON FOLLOWING PAGE 1596593.1 9 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. AGENCY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel CITY CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1596593.1 10 APN # Address Descri 1 tion 014- 061 -110 480 N. Canal Fire Station #61 012 - 301 -020 468 Miller Avenue Parking Lot for County Medical Clinic 012- 302 -140 472 Grand /306 Spruce County Medical Clinic 012 - 338 -160 296 Airport Boulevard Future train station plaza/transit- oriented development 011- 324 -190 80 Chestnut Avenue South San Francisco Historical Society Museum 015- 024 -490 559 Gateway YMCA Child Care Center Exhibit A PROPERTY 1596593.1 11 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 APNs: Exhibit B FORM OF GRANT DEED (PUBLIC PROPERTIES) (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic (the "Grantor ") acting to carry out the Redevelopment Plan for the Downtown /Central Redevelopment Project, the Gateway Redevelopment Project and the El Camino Corridor Redevelopment Project (the "Redevelopment Plans ") for redevelopment purposes pursuant to the Community Redevelopment Law of the State of California, hereby grants and conveys to the City of South San Francisco, a municipal corporation (the "Grantee "), the real property (the "Property ") located in the City of South San Francisco at , designated as San Mateo County Assessors Parcel Nos. and more particularly described in Exhibit A attached hereto and incorporated in this grant deed ( "Grant Deed ") by this reference. 1. Disposition and Development Agreement. The Property is conveyed subject to the Redevelopment Plan and that certain unrecorded Disposition and Development Agreement entered into by and between the Grantor and the Grantee dated as of March , 2011 (the "Agreement "). 2. Use Restrictions. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Property shall be used and developed solely for purposes consistent with the requirements of the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City of South San Francisco General Plan as it presently exists or may be amended. 3. Nondiscrimination. Grantee shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. Grantee covenants for itself and all persons claiming under or through it, and this Grant 1596593.1 12 Deed is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall Grantee or any person claiming under or through Grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. All deeds, leases or contracts made or entered into by Grantee, its successors or assigns, as to any portion of the Property or the Improvements shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. 1596593.1 "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person 13 claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 4. Term of Restrictions. The covenants contained in Section 2 regarding use of the Property shall remain in effect until the date which is the expiration date of the Redevelopment Plan as in effect on the date of this Grant Deed. The covenants against discrimination contained in Section 3 shall remain in effect in perpetuity. 5. Mortgagee Protection. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or render invalid or in any way impair the lien or charge of any mortgage, deed of trust or other financing or security instrument permitted by the Agreement; provided, however, that any successor of Grantee to the Property shall be bound by such remaining covenants, conditions, restrictions, limitations and provisions, whether such successor's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise. 6. Binding On Successors. The covenants contained in Sections 2 and 3 of this Grant Deed, without regard to technical or legal classification or designation specified in this Grant Deed or otherwise, shall to the fullest extent permitted by law and equity, be binding upon Grantee and any successor in interest to the Property or any part thereof, for the benefit of Grantor, and its successors and assigns, and such covenants shall run in favor of and be enforceable by the Grantor and its successors and assigns for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor is or remains an owner of any land or interest therein to which 1596593.1 14 such covenants relate. In the event of any breach of any of such covenants, the Grantor and its successors and assigns shall have the right to exercise all rights and remedies available under law or in equity to enforce the curing of such breach. 7. Enforcement. The Grantor shall have the right to institute such actions or proceedings as it may deem desirable to enforce the provisions set forth herein. Any delay by the Grantor in instituting or prosecuting any such actions or proceedings or otherwise asserting its rights hereunder shall not operate as a waiver of or limitation on such rights, nor operate to deprive Grantor of such rights, nor shall any waiver made by the Grantor with respect to any specific default by the Grantee, its successors and assigns, be considered or treated as a waiver of Grantor's rights with respect to any other default by the Grantee, its successors and assigns, or with respect to the particular default except to the extent specifically waived. 8. Amendment. Only the Grantor, its successors and assigns, and the Grantee and the successors and assigns of the Grantee in and to all or any part of the fee title to the Property shall have the right to consent and agree to changes or to eliminate in whole or in part any of the covenants contained in this Grant Deed. For purposes of this Section, successors and assigns of the Grantee shall be defined to include only those parties who hold all or any part of the Property in fee title, and not to include a tenant, lessee, easement holder, licensee, mortgagee, trustee, beneficiary under deed of trust, or any other person or entity having an interest less than a fee in the Property and Improvements. 9. Conflict. In the event there is a conflict between the provisions of this Grant Deed and the Agreement, it is the intent of the parties that the Agreement shall control. 10. Counterparts. This Grant Deed may be executed in counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. SIGNATURES ON FOLLOWING PAGES. 1596593.1 15 GRANTOR: By: ATTEST: By: GRANTEE: IN WITNESS WHEREOF, Grantor and Grantee have executed this Grant Deed as of this day of , 2011. REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic Executive Director Agency Secretary APPROVED AS TO FORM: By: Agency Counsel CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney SIGNATURES MUST BE NOTARIZED. 1596593.1 16 FORM - DO NOT SIGN STATE OF CALIFORNIA ) COUNTY OF SAN MATEO ) On , 20_, before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) STATE OF CALIFORNIA ) COUNTY OF SAN MATEO ) On , 20 , before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1596593.1 17 1596593.1 Exhibit A to Grant Deed PROPERTY (Attach legal description.) 18 This is to certify that the interest in real property conveyed by the Grant Deed dated , 2011, from the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic, to the City of South San Francisco, a municipal corporation ( "City "), is hereby accepted on behalf of the City by its City Manager pursuant to authority conferred by Resolution No. , adopted by the City Council of the City of South San Francisco on , 2011, and that the City consents to recordation of the Grant Deed by its duly authorized officer. Dated , 2011 CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney CERTIFICATE OF ACCEPTANCE SIGNATURES MUST BE NOTARIZED. 1596593.1 19 ASSIGNMENT OF LEASES (PUBLIC SERVICES PROPERTIES) THIS ASSIGNMENT OF LEASES ( "Assignment "), is made as of the day of March, 2011( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic. ( "Assignor ") and the City of South San Francisco, a municipal corporation ( "Assignee "). RECITALS WHEREAS, by Disposition and Development Agreement ( "DDA ") dated as of , 2011, by and between Assignor and Assignee, Assignor agreed to transfer to Assignee that certain real property located at 472 Grand Avenue /306 Spruce Avenue, 80 Chestnut Avenue and 559 Gateway ( "Property ") as more particularly described in the DDA; and WHEREAS, Assignor desires to assign to Assignee certain leases and rental agreements concerning the Property and Assignee desires to assume the obligations of Assignor under such leases and rental agreements arising from and after the date of such assignment. NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto hereby agree as follows: 1. Assignment. Assignor hereby assigns, sets over and transfers to Assignee all of its right, title and interest in, to and under the leases and rental agreements (collectively, "Leases ") with the tenants of the Property identified on Exhibit A attached hereto and incorporated herein by this reference, together with all prepaid rent and all security or other deposits paid by the tenants under the Leases. All such prepaid rent and security or other deposits shall be payable to Assignee at close of escrow for the transfer of the Property to Assignee. 2. Assumption of Lease Obligations. Assignee assumes and agrees to perform all obligations of the landlord under the Leases, arising as of the date hereof. 3. Deposits. Assignee assumes all liability and obligations of the landlord under the Leases to return any security deposits or other deposits of a similar nature made by tenants in connection with or pursuant to the Leases, unless Assignee delivers the deposits to a future landlord under the Leases and gives any notice required by law and such delivery and notice releases all prior landlords for any obligation to deliver the deposits to the tenants. 4. Miscellaneous. This Assignment and the obligations of the parties hereunder shall survive the closing of the transaction referred to in the DDA and shall not be merged therein, shall be binding upon and inure to the benefit of the parties hereto, their respective legal representatives, successors and assigns, shall be governed by and construed in accordance with the laws of the State of California, and may not be modified or amended in any manner other than by a written agreement signed by the party to be charged therewith. 1596594.1 5. Severability. If any term or provision of this Assignment or the application thereof to any persons or circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Assignment or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Assignment shall be valid and enforced to the fullest extent permitted by law. 6. Counterparts. This Assignment may be executed in counterparts, each of which shall be an original and all of which counterparts taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Assignment as of the date first set forth hereinabove. ASSIGNOR REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel ASSIGNEE CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: 1596594.1 2 By City Clerk APPROVED AS TO FORM: By City Attorney 1596594.1 3 Exhibit A LEASES 1. Lease Agreement dated as of July 1, 2008, and executed by and between the Redevelopment Agency of the City of South San Francisco as Landlord and the South San Francisco Historical Society as Tenant, concerning the property located at 80 Chestnut Avenue, South San Francisco, California. 2. Child Care Center Lease, dated as of November 5, 2003, and executed by and between the Redevelopment Agency of the City of South San Francisco as Landlord and the Peninsula Family YMCA — Young Men's Christian Association of San Francisco as Tenant, concerning the property located at 559 Gateway, South San Francisco, California. 3. Lease Agreement, dated as of April 4, 2000, and executed by and between the Redevelopment Agency of the City of South San Francisco as Landlord and the County of San Mateo as Tenant, concerning the property located at 306 Spruce Avenue. 4. Retail Lease Agreement, dated as of December 2, 1996, and executed by and between the Janet Siniora as Landlord and Sitike Counseling Center as Tenant, concerning the property located at 306 Spruce Avenue. Such lease was assigned to the Redevelopment Agency of the City of South San Francisco as Landlord. 1596594.1 4 DISPOSITION AND DEVELOPMENT AGREEMENT (AFFORDABLE HOUSING PROPERTIES) THIS DISPOSITION AND DEVELOPMENT AGREEMENT (this "Agreement "), dated as March , 2011 ( "Effective Date "), is entered into by and between the City of South San Francisco, a municipal corporation ( "City "), and the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency "). Agency and City are hereinafter collectively referred to as the "Parties." RECITALS WHEREAS, pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Downtown Central Redevelopment Project (the "Project Area ") adopted by the City Council of the City of South San Francisco ("City Council ") (as subsequently amended and restated and further amended, hereafter the "Redevelopment Plan "); WHEREAS, the Agency owns that certain real property located in or adjacent to the Project Area known as San Mateo County Assessor's Parcel Numbers 012 - 312 -070, 012 -311- 230, 013 - 232 -170, 012 - 145 -430, 012 - 333 -050, and 012- 311 -250, as described in Exhibit A attached hereto and incorporated herein (the "Property "); WHEREAS, the parcels comprising the Property are either currently improved with residential units leased or available for lease to low - and moderate- income households at affordable rents and /or have been acquired for the development of affordable housing; WHEREAS, the Agency seeks continued use of the Property for affordable housing purposes consistent with the Redevelopment Plan; WHEREAS, pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; WHEREAS, pursuant to CRL Sections 33220 and 33437, the City is authorized to (i) acquire land from the Agency, (ii) become obligated to use the acquired property for the purposes specified in the Redevelopment Plan, and (iii) comply with the covenants, conditions and restrictions imposed by the Agency in conjunction with the sale in order to prevent speculation and carry out the purposes of the CRL and the Redevelopment Plan; WHEREAS, to facilitate the continued use of the Property for affordable housing purposes, the Agency desires to transfer the Property to City, and City desires to acquire the 1596258.1 1 Property from Agency, subject to the terms and conditions set forth herein, which are designed to ensure that the Property is used and developed in accordance with the Redevelopment Plan; and WHEREAS, the purpose of this Agreement is to effectuate the Redevelopment Plan by providing for the use of the Property as more particularly set forth herein. The Agency has determined that (i) the disposition and development of the Property pursuant to this Agreement (a) is consistent with the Redevelopment Plan and the Implementation Plan for the Project Area, (b) will be of benefit to the Project Area, and (c) will further the goals of the Redevelopment Plan by providing for affordable housing in the Project Area. NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows. 1. Transfer. Agency shall transfer to City, and City shall accept from Agency, the Property in accordance with the terms, covenants and conditions set forth herein. 2. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for the Property, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to the Property. Prior to approval of any project for the Property, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. 3. Conveyance of Title; Closing. Conveyance of the Property shall be accomplished by the execution, delivery, and recordation of one or more grant deeds substantially in the form attached hereto as Exhibit A (the "Grant Deeds "). Unless this Agreement is terminated pursuant to the terms hereof or extended by mutual written consent of the Parties, the closing date for conveyance of the Property ( "Closing Date ") shall be a date mutually agreeable to the Parties, but not later than six (6) months following the Effective Date, unless the Parties mutually agree to extend such deadline. On the Closing Date: (i) the Agency shall execute and deliver the Grant Deeds to City; (ii) the City shall execute a Certificate of Acceptance for each Grant Deed, and (iii) the City shall cause the Grant Deeds to be recorded in the Official Records of San Mateo County, California. Possession of the Property shall be delivered to City on the Closing Date; provided however, if mutually agreed upon by the Parties, the Parties may convey the parcels that comprise the Property in one or more conveyances on different dates. 4. Prorations; Closing Costs. Property taxes or payments in lieu of taxes (if any are applicable to the Property) shall be prorated as of the Closing Date based upon the most recent tax bill available, including any such payments which may accrue or property taxes which may be assessed after the Closing Date but which pertain to the period prior to the transfer of title to the Property to City, regardless of when or to whom notice thereof is delivered. Any bond or assessment that constitutes a lien on the Property as of the Closing Date shall be assumed by 1596258.1 2 City. Rents payable under any leases existing prior to the Closing Date, and any utility and sewer service charges shall be prorated as of the Closing Date. Agency shall pay all recording fees, transfer taxes, escrow fees and closing costs incurred in connection with the conveyance of the Property to City. City shall pay the cost of any policy of title insurance City elects to purchase in connection with the transactions contemplated hereby. 5. AS -IS Sale. Except as provided in Section 6, City acknowledges and agrees that: (i) prior to the Closing Date, in City's discretion, City shall inspect the Property and examine the legal, environmental, zoning, land use, seismic, title, survey and physical characteristics and condition of the Property; (ii) by acquiring the Property, City shall be deemed to have approved of all such characteristics and conditions; (iii) the Property is to be transferred, conveyed to, and accepted by City in its present condition, "AS IS ", "WHERE IS" AND WITH ALL FAULTS, and no patent or latent defect or deficiency in the condition of the Property whether or not known or discovered, shall affect the rights of either Agency or City hereunder. 6. Environmental Indemnity. To the fullest extent permitted by law, Agency shall indemnify, defend (with counsel approved by the City) and hold the City and its elected and appointed officials, employees, agents and representatives harmless from and against all liabilities, losses, damages, fines, deficiencies, penalties, claims, demands, suits, actions, causes of action, legal or administrative proceedings, judgments, costs and expenses (including without limitation reasonable attorneys' fees and court costs) (all of the foregoing, collectively "Claims ") resulting, arising, or based directly or indirectly in whole or in part, upon the presence, release, use, generation, discharge, transport, storage or disposal of any Hazardous Materials on, under, in or about, or the transportation of any such Hazardous Materials to or from the Property. The foregoing indemnity shall further apply to any contamination of any property or natural resources arising in connection with the generation, use, handling, treatment, storage, transport or disposal of any such Hazardous Materials, and irrespective of whether any of such activities were or will be undertaken in accordance with Hazardous Materials Laws and shall include, without limitation, any Claims arising in connection with any investigation of site conditions or any cleanup, remedial, removal or restoration work ordered by a court or required by any federal, state, or local governmental agency or political subdivision. As used herein, "Hazardous Materials" means any substance, material, or waste which is or becomes regulated by any local, state or federal authority, agency or governmental body. As used herein "Hazardous Materials Laws" means all federal, state and local laws, ordinances, regulations, orders and directives pertaining to Hazardous Materials. 7. Agency's Covenants. Agency covenants that from the Effective Date and through the Closing Date, Agency: (i) shall not permit any liens, encumbrances, or easements to be placed on the Property without the consent of City; (ii) shall not enter into any agreement regarding the sale, rental, management, repair, improvement, or any other matter affecting the Property that would be binding on City or the Property after the Closing Date without the prior written consent of City; (iii) shall not permit any act of waste or act that would tend to diminish the value of the Property for any reason, except that caused by ordinary wear and tear; and (iv) shall maintain the Property in its condition as of the Effective Date, ordinary wear and tear 1596258.1 3 excepted, and shall manage the Property substantially in accordance with Agency's established practices. 8. Damage and Destruction. In the event of any damage or other loss to the Property, or any portion thereof, caused by fire, flood or other casualty prior to the Closing Date in an amount not exceeding $50,000, City shall not be entitled to terminate this Agreement, but shall be obligated to accept the Property as provided in this Agreement, provided that Agency shall: (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. In the event of damage or destruction of the Property or any portion thereof prior to the Closing Date in an amount in excess of $50,000, City may elect either to terminate this Agreement upon written notice to Agency, or to consummate the transfer of the Property, in which case Agency shall (i) assign and transfer to City all of Agency's rights under any insurance policy covering the damage or loss, and all claims for monies payable from Agency's insurer(s) in connection with the damage or loss, and (ii) pay to City on the Closing Date the amount of Agency's deductible under the insurance policy or policies covering the damage or loss. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. 9. Condemnation. If prior to Close of Escrow, a material portion of the Property is taken by eminent domain (or an action of eminent domain has been commenced against all or any portion of the Property) (excluding for purposes of this Section, the exercise of any eminent domain powers by the City), upon Agency's receipt of notice thereof Agency shall promptly notify City of such fact, and City shall have the option to terminate this Agreement upon notice to Agency given not later than ten (10) days after City "s receipt of Agency's notice. If City elects to terminate this Agreement, all funds and documents deposited into escrow by or on behalf of City shall be returned to City, and all rights and obligations hereunder shall terminate. If City does not exercise such option to terminate this Agreement, Agency shall assign to City on the Closing Date, and City shall be entitled to negotiate for, receive, and keep, all awards, and rights to receive future awards, for such taking by eminent domain, and the transaction contemplated by this Agreement shall be consummated pursuant to the terms hereof. 10. Restrictions on Use. City pledges that City shall use, and shall permit the Property to be developed, solely for low- and moderate - income housing purposes consistent with the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City's General Plan as presently exists or may be amended. The requirements of this Section 10 shall be included in the Grant Deeds conveying the Property to City, shall constitute covenants running with the land, shall be binding on successors, and shall survive the Close of Escrow and the termination of this Agreement. 11. Obligation to Refrain from Discrimination. City shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion 1596258.1 4 thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. City covenants for itself and all persons claiming under or through it, and this Agreement is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall City or any person claiming under or through City establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. City shall include such provision in all deeds, leases, contracts and other instruments executed by City, and shall enforce the same diligently and in good faith. All deeds, leases or contracts made or entered into by City, its successors or assigns, as to any portion of the Property or the improvements located thereon shall contain the following language: (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through 1596258.1 5 the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 12. Defaults and Remedies. 12.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 12.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non - defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and /or enjoining, abating, or preventing any violation of such terms and conditions, and /or seeking to obtain any other remedy consistent with the purpose 1596258.1 6 of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 12.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 12.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 13. Miscellaneous. 13.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (i) personal delivery, in which case notice is effective upon delivery; (ii) certified or registered mail, return receipt requested, in which case notice shall be deemed delivered on receipt if delivery is confirmed by a return receipt; (iii) nationally recognized overnight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; (iv) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first - class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness To Agency: To City: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 1596258.1 7 Attention: City Manager 13.2 No Brokers. Each Party hereby represents and warrants to the other Party that it has retained no broker or other party to whom a commission or finder's fee is due with respect to the transactions contemplated hereby. Each Party shall defend, indemnify and hold the other Party harmless from and against all claims, expenses, costs, or arising in connection with a breach of this warranty and representation. The terms of this Section shall survive the expiration or earlier termination of this Agreement. 13.3 Attorneys' Fees. If either Party fails to perform any of its obligations under this Agreement, or if any dispute arises between the Parties concerning the meaning or interpretation of any provision hereof, then the prevailing party in any proceeding in connection with such dispute shall be entitled to the costs and expenses it incurs on account thereof and in enforcing or establishing its rights hereunder, including, without limitation, court costs and reasonable attorneys' fees and disbursements. 13.4 Entire Agreement. This Agreement, together with Exhibits A and B, constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 13.5 Provisions Not Merged With Deeds. None of the provisions, terms, representations, warranties and covenants of this Agreement are intended to or shall be merged by the Grant Deeds, and neither the Grant Deeds nor any other document shall affect or impair the provisions, terms, representations, warranties and covenants contained herein. Without limiting the generality of the foregoing: (i) Agency's representations, warranties and covenants contained herein shall survive the Close of Escrow, (ii) all provisions of this Agreement that expressly state that they shall survive the Close of Escrow and the termination of this Agreement, shall do so, and (iii) Agency and City intend that City's obligations pursuant to Sections 6, 10 and 11 will survive the termination of this Agreement, the Close of Escrow and the transfer of the Property to City. 13.6 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 13.7 Interpretation; Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 13.8 Exhibits. Exhibits A and B attached hereto is incorporated herein by this reference and made a part of this Agreement. 1596258.1 8 13.9 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 13.10 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 13.11 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 13.12 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 13.13 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and /or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 13.14 Severability. If any term, provision, or condition of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, the remainder of this Agreement shall continue in full force and effect unless the rights and obligations of the Parties have been materially altered or abridged thereby. 13.15 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. SIGNATURES ON FOLLOWING PAGE 1596258.1 9 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. AGENCY REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel CITY CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1596258.1 10 APN # Address Descri 1 tion 012 - 312 -070 323 Miller Vacant 012 -311 -230 310 Miller, 310 A Miller and 311 Tamarack Lane 3 residential units 013 - 232 -170 380 Alta Vista Single family 012 -145 -430 714 -718 Linden Ave. 3 residential units 012 - 333 -050 339 -341 Commercial Two duplexes (4 units) 012- 311 -250 314 Miller Single family Exhibit B PROPERTY 1596258.1 11 RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 APNs: Exhibit B FORM OF GRANT DEED (AFFORDABLE HOUSING PROPERTIES) (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic (the "Grantor ") acting to carry out the Redevelopment Plan for the Downtown/Central Redevelopment Project and the El Camino Corridor Redevelopment Project (the "Redevelopment Plan") for redevelopment purposes pursuant to the Community Redevelopment Law of the State of California, hereby grants and conveys to the City of South San Francisco, a municipal corporation (the "Grantee "), the real property (the "Property ") located in the City of South San Francisco at , designated as San Mateo County Assessors Parcel Nos. and more particularly described in Exhibit A attached hereto and incorporated in this grant deed ( "Grant Deed ") by this reference. 1. Disposition and Development Agreement. The Property is conveyed subject to the Redevelopment Plan and that certain unrecorded Disposition and Development Agreement entered into by and between the Grantor and the Grantee dated as of March , 2011 (the "Agreement "). 2. Use Restrictions. The Grantee hereby covenants and agrees, for itself and its successors and assigns, that the Property shall be used and developed solely for low- and moderate - income housing purposes consistent with the requirements of the Redevelopment Plan, the Implementation Plan adopted in connection therewith, and the City of South San Francisco General Plan as presently exists or may be amended. 3. Nondiscrimination. Grantee shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, marital status, ancestry, or national origin of any person. Grantee covenants for itself and all persons claiming under or through it, and this Grant 1596258.1 12 Deed is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall Grantee or any person claiming under or through Grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. All deeds, leases or contracts made or entered into by Grantee, its successors or assigns, as to any portion of the Property or the Improvements shall contain the following language: 1596258.1 (a) In Deeds, the following language shall appear: "(1) Grantee herein covenants by and for itself, its successors and assigns, and all persons claiming under or through it, that there shall be no discrimination against or segregation of a person or of a group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property herein conveyed nor shall the grantee or any person claiming under or through the grantee establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the property herein conveyed. The foregoing covenant shall run with the land. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (b) In Leases, the following language shall appear: "(1) The lessee herein covenants by and for the lessee and lessee's heirs, personal representatives and assigns, and all persons claiming under the lessee or through the lessee, that this lease is made subject to the condition that there shall be no discrimination against or segregation of any person or of a group of persons on account of race, color, creed, religion, sex, sexual orientation, marital status, national origin, ancestry or disability in the leasing, subleasing, transferring, use, occupancy, tenure or enjoyment of the property herein leased nor shall the lessee or any person claiming under or through the lessee establish or permit any such practice or practices 13 of discrimination of segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, sublessees, subtenants, or vendees in the property herein leased. "(2) Notwithstanding paragraph (1), with respect to familial status, paragraph (1) shall not be construed to apply to housing for older persons, as defined in Section 12955.9 of the Government Code. With respect to familial status, nothing in paragraph (1) shall be construed to affect Sections 51.2, 51.3, 51.4, 51.10, 51.11 and 799.5 of the Civil Code, relating to housing for senior citizens. Subdivision (d) of Section 51 and Section 1360 of the Civil Code and subdivisions (n), (o), and (p) of Section 12955 of the Government Code shall apply to paragraph (1)." (c) In Contracts, the following language shall appear: "There shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the property nor shall the transferee or any person claiming under or through the transferee establish or permit any such practice or practices of discrimination or segregation with reference to selection, location, number, use or occupancy of tenants, lessee, subtenants, sublessees or vendees of the land." 4. Term of Restrictions. The covenants contained in Section 2 regarding use of the Property shall remain in effect until the date which is the expiration date of the Redevelopment Plan as in effect on the date of this Grant Deed. The covenants against discrimination contained in Section 3 shall remain in effect in perpetuity. 5. Mortgagee Protection. No violation or breach of the covenants, conditions, restrictions, provisions or limitations contained in this Grant Deed shall defeat or render invalid or in any way impair the lien or charge of any mortgage, deed of trust or other financing or security instrument permitted by the Agreement; provided, however, that any successor of Grantee to the Property shall be bound by such remaining covenants, conditions, restrictions, limitations and provisions, whether such successor's title was acquired by foreclosure, deed in lieu of foreclosure, trustee's sale or otherwise. 6. Binding On Successors. The covenants contained in Sections 2 and 3 of this Grant Deed, without regard to technical or legal classification or designation specified in this Grant Deed or otherwise, shall to the fullest extent permitted by law and equity, be binding upon Grantee and any successor in interest to the Property or any part thereof, for the benefit of Grantor, and its successors and assigns, and such covenants shall run in favor of and be enforceable by the Grantor and its successors and assigns for the entire period during which such covenants shall be in force and effect, without regard to whether the Grantor is or remains an owner of any land or interest therein to which such covenants relate. In the event of any breach of any of such covenants, the Grantor and its 1596258.1 14 successors and assigns shall have the right to exercise all rights and remedies available under law or in equity to enforce the curing of such breach. 7. Enforcement. The Grantor shall have the right to institute such actions or proceedings as it may deem desirable to enforce the provisions set forth herein. Any delay by the Grantor in instituting or prosecuting any such actions or proceedings or otherwise asserting its rights hereunder shall not operate as a waiver of or limitation on such rights, nor operate to deprive Grantor of such rights, nor shall any waiver made by the Grantor with respect to any specific default by the Grantee, its successors and assigns, be considered or treated as a waiver of Grantor's rights with respect to any other default by the Grantee, its successors and assigns, or with respect to the particular default except to the extent specifically waived. 8. Amendment. Only the Grantor, its successors and assigns, and the Grantee and the successors and assigns of the Grantee in and to all or any part of the fee title to the Property shall have the right to consent and agree to changes or to eliminate in whole or in part any of the covenants contained in this Grant Deed. For purposes of this Section, successors and assigns of the Grantee shall be defined to include only those parties who hold all or any part of the Property in fee title, and not to include a tenant, lessee, easement holder, licensee, mortgagee, trustee, beneficiary under deed of trust, or any other person or entity having an interest less than a fee in the Property and Improvements. 9. Conflict. In the event there is a conflict between the provisions of this Grant Deed and the Agreement, it is the intent of the parties that the Agreement shall control. 10. Counterparts. This Grant Deed may be executed in counterparts, each of which shall be an original and all of which taken together shall constitute one and the same instrument. SIGNATURES ON FOLLOWING PAGES. 1596258.1 15 GRANTOR: IN WITNESS WHEREOF, Grantor and Grantee have executed this Grant Deed as of this day of , 2011. REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By: GRANTEE: Executive Director Agency Secretary APPROVED AS TO FORM: By: Agency Counsel CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney 1596258A 16 SIGNATURES MUST BE NOTARIZED. FORM - DO NOT SIGN STATE OF CALIFORNIA ) COUNTY OF SAN MATEO ) On , 20 , before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his /her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) STATE OF CALIFORNIA ) COUNTY OF SAN MATEO ) On , 20 , before me, , (here insert name and title of the officer), personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is /are subscribed to the within instrument and acknowledged to me that he /she /they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature (Seal) 1596258.1 17 Exhibit A to Grant Deed PROPERTY (Attach legal description.) 1596258.1 18 This is to certify that the interest in real property conveyed by the Grant Deed dated , 2011, from the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic, to the City of South San Francisco, a municipal corporation ( "City "), is hereby accepted on behalf of the City by its City Manager pursuant to authority conferred by Resolution No. , adopted by the City Council of the City of South San Francisco on , 2011, and that the City consents to recordation of the Grant Deed by its duly authorized officer. Dated , 2011 CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: By City Clerk APPROVED AS TO FORM: By City Attorney CERTIFICATE OF ACCEPTANCE 1596258.1 19 SIGNATURES MUST BE NOTARIZED. ASSIGNMENT OF LEASES (AFFORDABLE HOUSING PROPERTIES) THIS ASSIGNMENT OF LEASES ( "Assignment "), is made as of the day of March, 2011( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body, corporate and politic. ( "Assignor ") and the City of South San Francisco, a municipal corporation ( "Assignee "). RECITALS WHEREAS, by Disposition and Development Agreement ( "DDA ") dated as of March , 2011, by and between Assignor and Assignee, Assignor agreed to transfer to Assignee that certain real property located at 310 Miller Avenue, 310 A Miller Avenue, 311 Tamarack Lane, 380 Alta Vista, 714 -718 Linden Avenue, 339 -341 Commercial Avenue, and 314 Miller Avenue ( "Property ") as more particularly described in the DDA; and WHEREAS, Assignor desires to assign to Assignee certain leases and rental agreements concerning the Property and Assignee desires to assume the obligations of Assignor under such leases and rental agreements arising from and after the date of such assignment. NOW THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties hereto hereby agree as follows: 1. Assignment. Assignor hereby assigns, sets over and transfers to Assignee all of its right, title and interest in, to and under the leases and rental agreements (collectively, "Leases ") with the tenants of the Property identified on Exhibit A attached hereto and incorporated herein by this reference, together with all prepaid rent and all security or other deposits paid by the tenants under the Leases. All such prepaid rent and security or other deposits shall be payable to Assignee at close of escrow for the transfer of the Property to Assignee. 2. Assumption of Lease Obligations. Assignee assumes and agrees to perform all obligations of the landlord under the Leases, arising as of the date hereof. 3. Deposits. Assignee assumes all liability and obligations of the landlord under the Leases to return any security deposits or other deposits of a similar nature made by tenants in connection with or pursuant to the Leases, unless Assignee delivers the deposits to a future landlord under the Leases and gives any notice required by law and such delivery and notice releases all prior landlords for any obligation to deliver the deposits to the tenants. 4. Miscellaneous. This Assignment and the obligations of the parties hereunder shall survive the closing of the transaction referred to in the DDA and shall not be merged therein, shall be binding upon and inure to the benefit of the parties hereto, their respective legal representatives, successors and assigns, shall be governed by and construed in accordance with the laws of the State of California, and may not be modified or amended in any manner other than by a written agreement signed by the party to be charged therewith. 1596596.1 5. Severability. If any term or provision of this Assignment or the application thereof to any persons or circumstances shall, to any extent, be invalid or unenforceable, the remainder of this Assignment or the application of such term or provision to persons or circumstances other than those as to which it is held invalid or unenforceable shall not be affected thereby, and each term and provision of this Assignment shall be valid and enforced to the fullest extent permitted by law. 6. Counterparts. This Assignment may be executed in counterparts, each of which shall be an original and all of which counterparts taken together shall constitute one and the same instrument. IN WITNESS WHEREOF, the undersigned have executed this Assignment as of the date first set forth hereinabove. ASSIGNOR REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: ATTEST: By Agency Secretary APPROVED AS TO FORM: By Agency Counsel ASSIGNEE CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: ATTEST: 1596596.1 2 By City Clerk APPROVED AS TO FORM: By City Attorney 1596596.1 3 Exhibit A LEASES 1. Residential Lease Agreement dated as of October 1, 2005 and executed by and between City of South San Francisco as Landlord and Carmen Saldivar & Marco Baumann as Tenant, concerning the property located at 310 Miller Avenue, South San Francisco, California. 2. Residential Lease Agreement dated as of January 14, 2008 and executed by and between City of South San Francisco as Landlord and Anne Greenblatt as Tenant, concerning the property located at 311 Tamarack Lane, South San Francisco, California. 3. Residential Lease Agreement dated as of July 1, 2007 and executed by and between City of South San Francisco as Landlord and Laura Gigi & Joseph Anderson as Tenant, concerning the property located at 380 Alta Vista, South San Francisco, California. 4. Residential Lease Agreement dated as of January 26, 2010 and executed by and between City of South San Francisco as Landlord and Ramon Serrano as Tenant, concerning the property located at 339 A Commercial Avenue, South San Francisco, California. 5. Residential Lease Agreement dated as of October 21, 2010 and executed by and between City of South San Francisco as Landlord and Angela Cortez as Tenant, concerning the property located at 341 A Commercial Avenue, South San Francisco, California. 6. Residential Lease Agreement dated as of January 28, 2005 and executed by and between City of South San Francisco as Landlord and Salvador and Guillermina Ordaz as Tenant, concerning the property located at 341 B Commercial Avenue, South San Francisco, California. 7. Residential Lease Agreement dated as of January 5, 2010 and executed by and between City of South San Francisco as Landlord and Jose Luis & Ilsa Guevara as Tenant, concerning the property located at 314 Miller Avenue, South San Francisco, California. 8. Residential Lease Agreement dated as of January 26, 2010 and executed by and between City of South San Francisco as Landlord and Zoila Orellana as Tenant, concerning the property located at 714 Linden Avenue, South San Francisco, California. 9. Residential Lease Agreement dated as of January 26, 2010 and executed by and between City of South San Francisco as Landlord and Jose Fernando Aguiniga & Silvina Benavides as Tenant, concerning the property located at 716 Linden Avenue, South San Francisco, California. 10. Residential Lease Agreement dated as of January 26, 2010 and executed by and between City of South San Francisco as Landlord and Dolores & Abelardo Garcia as Tenant, concerning the property located at 718 Linden Avenue, South San Francisco, California. 1596596.1 4 Staff Report DATE: March 2, 2011 TO: Honorable Mayor and City Council and Redevelopment Agency Board FROM: Marty Van Duyn, Assistant City Manager SUBJECT: Resolutions of the City Council of the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco authorizing (1) the expenditure of tax increment funds for specified public improvements associated with the Oak Avenue Extension Roadway Project, the Miller Avenue Parking Garage, and the Oyster Point Specific Plan; (2) adopting findings required by Health and Safety Code Section 33445; and (3) authorizing execution of a Public Improvement Agreement between the City of South San Francisco and the Redevelopment Agency of South San Francisco. RECOMMENDATION It is recommended that 1) the Agency and City Council adopt Resolutions making findings and authorizing Public Improvement Agreements between the City Council of the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco authorizing Redevelopment Agency which provide funding for specified public improvements associated with the Oak Avenue Extension Roadway Project, the Miller Avenue Downtown Parking Garage, and the Oyster Point Specific Plan; and 2) adopting findings required by Health and Safety Code Section 33445.. BACKGROUND/DISCUSSION The Redevelopment Agency's Implementation Plan has identified several infrastructure improvements that are critical to alleviate blighting conditions and attain the Redevelopment Program goals and objectives for the Project Areas. The Agency has been undertaking an expanded set of projects and activities, over the past ten years, to implement the existing Redevelopment Program, including proposed development projects at Oyster Point, the Oak Avenue Roadway Extension, and the Historic Downtown Central Project Area including the Miller Avenue Garage. The projects meaningfully invest in the long -term physical and economic future of the Project Areas at a time when the economic environment is severely inhibiting capital investment from both the private and public sector. The projects have responded to emergent opportunities for revitalization throughout the life of the project areas; including neighborhood development, increased connectivity and accessibility, enhanced transportation and circulation and coordinated shoreline development with increased recreational, open space, office and retail components for the region at large. Staff Report Subject: Public Improvement Cooperation Agreement Page 2 The projects have been previously approved for inclusion in the City's Capital Improvement Program and are consistent with the Agency's Implementation Plan, benefit all the Project Areas and assist in the elimination of blight and in meeting affordable housing obligations. All of the projects fall into the following general categories of the Implementation Plan with specific objectives of: • Infrastructure Improvements Eliminate blighted conditions, toxic sites and substandard vehicular circulation to facilitate new development, create new pedestrian plazas and linkages from the new Caltrain Station and Parking Garage to the Historic Downtown District, • Business Attraction or Retention Encourage and facilitate private investment to create new mixed use development and provide business expansion opportunities for local property owners. • Construction and Rehabilitation Facilitate enhancement and preservation of historic architecture, redevelopment of underutilized, deficient and vacant properties, rehabilitation to preserve existing residential units and improve commercial structures and public facilities. • Redevelopment of Vacant and Underutilized Land Eliminate non - conforming uses, remediation of toxic sites, and provide support for new infill and mixed use development opportunities. • Housing Activities Facilitate the development of new housing projects for all sectors of the community. Section 33445 of the CRL provides that a redevelopment agency may, with the consent of the legislative body, pay for all or a portion of the cost of the land and cost of construction of any building, facility, structure, or other improvements that are publicly owned and located within or contiguous to the redevelopment project area if the legislative body determines all of the following: a. The buildings, facilities, structures, or other improvements are of benefit to the project; b. No other reasonable means of financing the acquisition of the land and installation or construction of the buildings, facilities, structures, or other improvements is available to the community; and c. The payment of funds for the acquisition of land and the cost of buildings, facilities, structures, or other improvements is consistent with the Five Year Implementation Plan adopted by the Agency pursuant to Section 33490. The proposed development projects at Oyster Point, the Historic Downtown Central Project Area including the Miller Avenue Parking Garage, and the Oak Avenue Roadway Improvements all benefit the El Camino Corridor and Downtown Central Project Areas, by eliminating blighting conditions, enhancing transportation and circulation patterns, and creating pedestrian friendly neighborhoods. There is no other means of financing the proposed infrastructure improvements given the lack of private or public funds in the current economy. The payment of funds for the proposed collective capital improvement projects is consistent with the Agency's Redevelopment Plans, the recently adopted Five Year Implementation Plan, the General Plan and the proposed specific plans for the Chesnut El Camino Real and Oyster Point areas. The projects identified in this report have benefited from significant Agency investment during the last decade, including but not limited to the following: architectural and engineering work Staff Report Subject: Public Improvement Cooperation Agreement Page 3 completed for the infrastructure improvements for the Oak Avenue Extension; design and construction financing for the new Miller Avenue Downtown Parking Garage; and predevelopment financial and development conceptualization for the Oyster Point Marina's proposed improvements. Agency investments could be jeopardized by recent State budget shortfalls and the Governor's proposal to terminate Redevelopment Programs. The action before the City Council and Redevelopment Agency Board is to adopt Public Improvement Agreements whereby the Agency provides funds to support specified public infrastructure improvement projects so that critical, ongoing redevelopment projects are not disrupted by future state actions. The Miller Avenue Parking Garage The Agency has existing contracts with Watry Design, Inc., C. Overaa & Co., and Rudolph & Sletten for architectural /engineering services, construction and construction management services, respectively. During the course of construction, several change orders have been issued, such as work for the Grand Avenue Breezeway and Fourth Lane Improvements. All additional work will require architectural and engineering services. RDA has existing contracts with Watry Design, Inc., C. Overaa & Co., and Rudolph & Sletten. Other identified additional work would be modifications for the Police Department Substation, the Parking District Workshop /Storage Room and the Information Technology Data/Security Room and equipment. Since the Police Department Substation was slated to occupy a portion of the ground floor, there are special Department of Justice requirements needed to make the substatiion a secured room with specialized I.T. needs. The Parking District Workshop /Storage Room required additional electrical work for its special equipment. These changes required modifications to the HVAC system as well. This additional work will be covered by future change orders. In addition to the construction of the parking structure, Fourth Lane is being improved providing ADA and pedestrian access to and from the parking structure through the new Grand Avenue Breezeway. This additional work is being added to the original contract and handled under a change order. The RDA currently has contracts with Watry Design, Inc. for architecture and engineering, C. Overaa and Co. for construction services and Rudolph & Sletten for construction management services. The identified additional work would require budget amendments for each company. Watry Design, Inc.'s original contract was in the amount of $1,179,000, with several existing amendments for work already performed in the amount of $330,062 for a current contract amount of $1,509,062. Staff recommends amending their current contract by adding $75,000 for additional services bringing the contract total to $1,584,062. Rudolph and Sletten's original contract amount was in the amount of $280,000 for construction management services. Originally, Rudolph and Sletten contract was up to August 2010; however, due to construction delays, the contract was extended. The additional work will require construction management services and extend the contract to July 2011. Staff recommends amending their current contract by adding an additional $120,000 bringing the contract total to $400,000. The remaining funds would be available for construction work including change orders. Staff Report Subject: Public Improvement Cooperation Agreement Page 4 The total amount of the change orders and consultant contract amendments for the Miller Avenue Downtown Parking Garage will be $2,487,000. Oak Avenue Extension Roadway Project The planned Oak Avenue Extension Roadway project is an important public infrastructure project for the El Camino Project Area. Oak Avenue will be extended from Mission Road to El Camino Real with the goals of alleviating traffic congestion along Chestnut Street, making both pedestrian and vehicular traffic smother and safer, and improving traffic circulation while reducing traffic hazards and accidents. As outlined in the Agency's Five -Year Implementation Plan, the Oak Avenue Extension Roadway project is estimated to cost $12,546,416 million. This funding would both design and construct the following improvements: ✓ Two new bridges: over Colma Creek and over the BART right -of -way ✓ Sewer upgrades ✓ New traffic signal at Mission Road & Oak Avenue ✓ Storm drainage system ✓ New sidewalks, curbs and gutters ✓ New road pavement ✓ Acquire needed right -of -way to straighten roadway for safe travel The Oak Avenue project is consistent with the goals for "Infrastructure Improvements" as detailed in the Five -Year Implementation Plan adopted by the Agency pursuant to Section 33490. These goals include the elimination of blighted conditions and substandard vehicular circulation, as well as benefitting the Project Area as a whole. Like almost all improvements to public infrastructure, there is no other source of design and construction funding aside from public funds. As required by Section 33445, redevelopment funding may be used where no other reasonable means exists to fund the improvements. Oyster Point Specific Plan The 48 -acre Oyster Point Marina Property, as distinguished from the adjacent Oyster Point Business Park and the actual Oyster Point Marina, served as a municipal landfill for the City of South San Francisco from 1956 until it stopped accepting waste in 1970. The Marina Property, which is owned by the City of South San Francisco and managed through a Joint Powers Agreement with the San Mateo County Harbor District, is currently developed with a variety of uses including a dry boat storage area, a marine support services building, two small office buildings, a 30 -room inn and banquet hall, a bait and tackle shop, a boat and motor mart and a yacht club. Prior to any substantial redevelopment or re -use of the Marina Property, infrastructure improvements are required to repair the landfill's clay cap cover, repair and replace streets and utilities damaged by refuse settlement, and improve access to public recreation areas. In addition, the City and Agency desire to make improvements to the public amenities at Oyster Point Marina Property to improve the function and attractiveness of the area and to facilitate future investment in the area. The specific public improvements to be funded include: 1. Approximately $1,798,517.40 for street realignment and utility improvements to Oyster Point Boulevard east of Gull Road, and portions of Marina Boulevard, including without limitation, rough grading Staff Report Subject: Public Improvement Cooperation Agreement Page 5 and soil stabilization, compaction, road base, asphalt paving and striping, curbs, storm sewer, sanitary sewer, water lines and vaults, gas lines, and joint utility trench; 2. Approximately $5,116,158 for street realignment and utility improvements to remainder of Marina Boulevard 3. Approximately $498,065 to repair the clay cap covering the landfill on the central portion of the Marina Property.; 4. Approximately $3,858,661 to reconfigure and reconstruct parking areas on the Marina Property; 5. Approximately $1,954,459 for the grading and construction of flexible -use recreation fields on the Marina Property; 6. Approximately $777,696 for demolition of the existing hotel and grading of the site for potential development of future, upgraded hotel facilities; 7. Approximately, $4,108,917 for construction and landscaping a Crescent Park and beach area at the intersection of Oyster Point and Marina Boulevards; 8. Approximately $391,786 will be used towards construction of a "palm promenade" consisting of pedestrian path between a double line of palm trees, adjacent to the Crescent Park and extending along Marina Boulevard. The total costs of these improvements equals $18,112,474. There are no other private or public funds available to funds these improvements. FUNDING Funding for project activities identified in this report is allocated in the City's Capital Improvement Program. This action approves the budget amendments required to finalize project budgets, amend the design, construction and construction management budgets for additional work required and completion of construction currently underway. The Finance Department has identified an amount of $42,033,476 that is, at this time, unencumbered in redevelopment tax increment funds, not counting the housing trust fund. Of that amount, the current proposed actions allocate a total amount of $33,145,886 in project costs needed to complete projects currently underway. CONCLUSION It is recommended that 1) the Agency adopt the resolutions making findings and approving the Public Improvement Agreements between the City Council of the City of South San Francisco and the Redevelopment Agency of the City of South San Francisco authorizing Redevelopment Agency funding for specified public improvements associated with the Oak Avenue Extension Roadway Project, the Miller Avenue Downtown Parking Garage, and the Oyster Point Specific Plan; and 2) adopting findings required by Health and Safety Code Section 33445. By: Marty Van Duyn Assistant City Mana Approv M. Nagel ZriliryManager 1603682.1 Staff Report Subject: Public Improvement Cooperation Agreement Page 6 Attachment: Resolution Cooperation Agreement OAK AVENUE PROJECT RESOLUTION NO REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR SPECIFIED PUBLIC IMPROVEMENTS, ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445, AND AUTHORIZING THE EXECUTION OF A PUBLIC IMPROVEMENT AGREEMENT WITH THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council ( "City Council ") of the City of South San Francisco ( "City ") has adopted and amended, from time to time, the Redevelopment Plan (the "Redevelopment Plan") for the El Camino project area (the "Project Area "); and WHEREAS, in keeping with the goals of the Agency to eliminate blight in the Project Area in accordance with the Redevelopment Plan and Agency's current Implementation Plan ( "Implementation Plan "), the City and Agency have been working cooperatively regarding the development of certain public improvements in the Project Area; and WHEREAS, the City and Agency have determined that it would be mutually beneficial to enter into a Public Improvement Agreement (the "Agreement ") a copy of which is on file with the City Clerk and Agency Secretary, pursuant to which the Agency would agree to pay for certain public improvements to be undertaken by the City in the furtherance of the redevelopment of the Project Area; WHEREAS, pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; 1599004.1 1 (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. WHEREAS, pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment; and, WHEREAS, a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)); and, WHEREAS, nevertheless, as is further set forth below, the potential environmental impacts of the projects identified in Exhibit A to the Agreement were evaluated in the Environmental Impact Report for the General Plan Update and the Environmental Impact Report for the El Camino Real / Chestnut Area Plan (collectively, "EIRs ") under CEQA, and the City has determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of those EIRs, (ii) no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in those EIRs, and (iii) no new information, which was not known and could not have been known at the time the General Plan Update EIR was certified as complete, or since public notice of availability for the El Camino Real / Chestnut Area Plan EIR was issued, has become available, which new information would demonstrate that (a) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (b) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (c) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (d) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162; WHEREAS, the Environmental Impact Report for the El Camino Corridor Project Area, and the Environmental Impact Report for the General Plan Update, and the Environmental Impact Report for the El Camino Real / Chestnut Area Plan , are each expressly relied upon in accordance with CEQA Guidelines Section 15152 for this action's compliance with CEQA, and 1599004.1 2 each EIR may be reviewed during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080; and WHEREAS, the Staff Report accompanying this Resolution, the Redevelopment Plan, and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based; WHEREAS, the expenditure of tax increment funds for the projects identified in the Agreement will be of benefit to the Project Area by facilitating the elimination of blight and the development of affordable housing; WHEREAS, the expenditure of tax increment funds for the improvements is consistent with the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that they will further the goals and objectives of the Redevelopment Plan, improve the appearance of the Project Area, eliminate blight, improve access to Project Area businesses, support economic development, and support the development of affordable housing; and WHEREAS, the activities and improvements proposed to be funded pursuant to the Agreement will not generate cash flow to the City or Agency, and therefore cannot support debt service; the City has no unrestricted general fund revenue available for such purposes without a reduction in vital community services; and the City does not have and cannot reasonably obtain revenue available for such purposes, and therefore no other reasonable means of financing the Project exists. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of South San Francisco that it hereby: 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, accompanying this Resolution that: (i) the expenditure of tax increment funds for the public improvements identified in the Agreement will be of benefit to the Project Area by helping to eliminate blighting conditions and facilitating the development of low and moderate - income housing, (ii) no other reasonable means of financing such projects and programs is reasonably available, and (iii) completion of such projects is provided for and consistent with the Redevelopment Plan and the Implementation Plan adopted in connection therewith. 2. Finds that pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, the environmental impacts of the following projects were examined in the EIRs referenced below, that there are no substantial 1599004.1 3 changes proposed in the projects which will require major revisions of those EIRs; that no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in those EIRs; and that no new information, which was not known and could not have been known at the time the EIRs were certified as complete, has become available, and, therefore no subsequent or supplemental EIR is required pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162: A. The environmental impacts of the projects described on Exhibit A were examined in the Environmental Impact Report for the City of South San Francisco General Plan Update, State Clearing Housing Number , certified by the City Council on 20 through Resolution No. ; and in the El Camino Real / Chestnut Area Plan EIR, State Clearinghouse Number 2010072015. 3. Approves the Agency's expenditure of tax increment funds in the amounts and for the purposes specified in the Agreement. 4. Approves the actions to be undertaken and the work to be performed by the City as specified in the Agreement. 5. Authorizes the Agency Executive Director to execute the Agreement on behalf of the Agency substantially in the form on file with the Agency Secretary and to undertake such actions and to execute such additional instruments as may be necessary or desirable in order to carry out the intent of this Resolution. 6. Authorizes the Agency Secretary or designee to file a Notice of Determination and a Notice of Exemption for the approval of the Agreement with the County Clerk of San Mateo County in conformance with the procedures provided for the filing of such notices in the California Environmental Quality Act and the CEQA Guidelines. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a meeting held on the day of , 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: 1599004.1 4 ATTEST: Agency Secretary 1599004.1 5 RESOLUTION NO CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR SPECIFIED PUBLIC IMPROVEMENTS AND REDEVELOPMENT ACTIVITIES, ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445, AND AUTHORIZING THE EXECUTION OF A PUBLIC IMPROVEMENT AGREEMENT WITH THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council ( "City Council ") of the City of South San Francisco ( "City ") has adopted and amended, from time to time, the Redevelopment Plan (the "Redevelopment Plan") for the El Camino project area (the "Project Area "); and WHEREAS, in keeping with the goals of the Agency to eliminate blight in the Project Area in accordance with the Redevelopment Plan and Agency's current Implementation Plan ( "Implementation Plan "), the City and Agency have been working cooperatively regarding the development of certain public improvements in the Project Area; and WHEREAS, the City and Agency have determined that it would be mutually beneficial to enter into a Public Improvement Agreement (the "Agreement ") a copy of which is on file with the City Clerk and Agency Secretary, pursuant to which the Agency would agree to pay for certain public improvements to be undertaken by the City in the furtherance of the redevelopment of the Project Area; WHEREAS, pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; 1602952.1 1 (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. WHEREAS, pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment; and, WHEREAS, a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)); and, WHEREAS, nevertheless, as is further set forth below, the potential environmental impacts of the projects identified in Exhibit A to the Agreement were evaluated in the Environmental Impact Report for the General Plan Update and the Environmental Impact Report for the El Camino Real / Chestnut Area Plan (collectively, "EIRs ") under CEQA, and the City has determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of those EIRs, (ii) no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in those EIRs, and (iii) no new information, which was not known and could not have been known at the time the General Plan Update EIR was certified as complete, or since public notice of availability for the El Camino Real / Chestnut Area Plan EIR was issued, has become available, which new information would demonstrate that (a) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (b) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (c) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (d) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162; WHEREAS, the Environmental Impact Report for the El Camino Corridor Project Area, and the Environmental Impact Report for the General Plan Update, and the Environmental Impact Report for the El Camino Real / Chestnut Area Plan , are each expressly relied upon in accordance with CEQA Guidelines Section 15152 for this action's compliance with CEQA, and 1602952.1 2 each EIR may be reviewed during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080; and WHEREAS, the Staff Report accompanying this Resolution, the Redevelopment Plan, and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based; WHEREAS, the expenditure of tax increment funds for the projects identified in the Agreement will be of benefit to the Project Area by facilitating the elimination of blight and the development of affordable housing; WHEREAS, the improvements to be funded pursuant to the Agreement are provided for in the Redevelopment Plan, and the expenditure of tax increment funds for such improvements is consistent with the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that they will further the goals and objectives of the Redevelopment Plan, improve the appearance of the Project Area, eliminate blight, improve access to Project Area businesses, support economic development, and support the development of affordable housing; and WHEREAS, the improvements to be funded pursuant to the Agreement will not generate cash flow to the City or Agency, and therefore cannot support debt service; the City has no unrestricted general fund revenue available for such purposes without a reduction in vital community services; and the City does not have and cannot reasonably obtain revenue available for such purposes, and therefore no other reasonable means of financing the Project exists. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that it hereby: 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, accompanying this Resolution that: (i) the expenditure of tax increment funds for the public improvements identified in the Agreement will be of benefit to the Project Area by helping to eliminate blighting conditions and facilitating the development of low and moderate- income housing, (ii) no other reasonable means of financing such projects and programs is reasonably available, and (iii) completion of such projects is consistent with the Redevelopment Plan and the Implementation Plan adopted in connection therewith. 2. Finds that pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, the environmental impacts of the following projects were examined in the EIRs referenced below, that there are no substantial changes proposed in the projects which will require major revisions of those EIRs; that no 1602952.1 3 substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in those EIRs; and that no new information, which was not known and could not have been known at the time the EIRs were certified as complete, has become available, and, therefore no subsequent or supplemental EIR is required pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162: A. The environmental impacts of the projects described on Exhibit A were examined in the Environmental Impact Report for the City of South San Francisco General Plan Update, State Clearing Housing Number , certified by the City Council on 20_ through Resolution No. ; and in the El Camino Real / Chestnut Area Plan EIR, State Clearinghouse Number 2010072015. 3. Approves the Agency's expenditure of tax increment funds in the amounts and for the purposes specified in the Agreement. 4. Approves the actions to be undertaken and the work to be performed by the City as specified in the Agreement. 5. Authorizes the City Manager to execute the Agreement on behalf of the City substantially in the form on file with the City Clerk and to undertake such actions and to execute such additional instruments as may be necessary or desirable in order to carry out the intent of this Resolution. 6. Authorizes the City Clerk or designee to file a Notice of Determination and a Notice of Exemption for the approval of the Agreement with the County Clerk of San Mateo County in conformance with the procedures provided for the filing of such notices in the California Environmental Quality Act and the CEQA Guidelines * I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a meeting held on the day of , 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: ATTEST: 1602952.1 4 City Clerk PUBLIC IMPROVEMENT AGREEMENT This Public Improvement Agreement (this "Agreement ") is entered into effective as of February , 2011 ( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency ") and the City of South San Francisco, a municipal corporation ( "City "). The Agency and the City are hereinafter collectively referred to as the "Parties." RECITALS A. (1) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Shearwater Redevelopment Project (the "Shearwater Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 996 -86, adopted on January 8, 1986 (as subsequently amended, hereafter the "Shearwater Redevelopment Plan"). (2) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Downtown Central Redevelopment Project which includes the added area (the "Downtown Central Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 1056 -89, adopted on July 12, 1989 (as subsequently amended, hereafter the "Downtown Central Redevelopment Plan "). (3) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Gateway Redevelopment Project, (the "Gateway Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 867 -81, adopted on June 17, 1981 (as subsequently amended, hereafter the "Gateway Redevelopment Plan "). (4) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the El Camino Redevelopment Project including the added area (the "El Camino Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 1132 -93, adopted on June 9, 1993 (as subsequently amended, hereafter the "El Camino Redevelopment Plan"). The Shearwater Project Area, the Downtown Central Project Area, the Gateway Project Area and the El Camino Project Area are collectively referred to herein as the "Project Area ". The Gateway Redevelopment Plan, the El Camino Redevelopment Plan, the Shearwater Redevelopment Plan and the Downtown Central Redevelopment Plan are collectively referred to herein as the "Redevelopment Plan ". 1601994.1601747.1 1 B. Pursuant to Section 33220 of the CRL, any public body is authorized to enter into an agreement with the Agency for the purpose of aiding and cooperating in the planning, undertaking, construction, or operation of redevelopment projects located within the jurisdiction in which such public body is authorized to act, upon the terms and with or without consideration as such public body determines. C. Pursuant to Section 33126(b) of the CRL, the Agency may enter into a contract with any other public agency pursuant to which such public agency furnishes necessary staff services associated with or required by redevelopment. D. Pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; E. Pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. F. On the basis of the information and evidence presented to the City Council and the governing board of the Redevelopment Agency and provided in the staff report and other materials accompanying the resolutions approving this Agreement, the City Council and the Redevelopment Agency have adopted the findings described in Recital E with respect to the public improvements to be funded by the Agency pursuant to this Agreement. G. 1601994.1601747.1 2 G. The Parties desire to enter into this Agreement to set forth the improvements that City will undertake in furtherance of the redevelopment of the Project Area, and to provide that the Agency will pay for the cost to undertake such work. H. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, as further described in the staff report, resolution and related materials provided to the City Council and Agency governing board in connection with the review and approval of this Agreement, the potential environmental impacts of the projects identified in Exhibit A were evaluated in the Environmental Impact Report for the General Plan Update, and the Environmental Impact Report for the El Camino Real / Chestnut Avenue Area Plan (collectively, "EIRs ") under the California Environmental Quality Act ( "CEQA "). The General Plan Update EIR was certified by the City Council in 200; the El Camino Real / Chestnut Avenue Area Plan EIR is currently available for pubic review. The City and Agency (as applicable) have determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of those EIRs, (ii) no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects are being undertaken which will require major revisions in those EIRs, and (iii) no new information, which was not known and could not have been known at the time the General Plan Update EIR was certified as complete, or since public notice of availability for the El Camino Real / Chestnut Area Plan EIR was issued, has become available, which new information would demonstrate that (a) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (b) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (c) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (d) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162. NOW, THEREFORE, in consideration of the mutual covenants, conditions and promises herein contained, the Parties hereby agree as follows,. 1. Term. The term of this Agreement shall commence on the Effective Date, and shall continue in effect until the twentieth (20 anniversary of the Effective Date. 1601994.1601747.1 3 2. City to Construct Public Improvements. In support of the redevelopment of the Project Area the City agrees to undertake or otherwise cause to be performed the construction and installation of public improvements described in the attached ]Exhibit A. 3. Agency to Pay for Public Improvements. The Agency agrees to pay to the City the amounts set forth in Exhibit A for the cost of construction of the public improvements therein identified. Agency agrees to provide funds to City in the aggregate amount listed in Exhibit A promptly following the Effective Date of this Agreement. City agrees to deposit all such funds in a segregated "Public Improvement Account" reserved for the purposes identified in Exhibit A. City agrees that it shall use all funds deposited into the Public Improvement Account solely for the construction and installation of the public improvements described in Exhibit A. Any balance remaining in the Public Improvement Account after completion of all improvements identified in Exhibit A shall be returned to Agency. 4. Indebtedness. The obligation of the Agency to make payment to City pursuant to this Agreement shall constitute an indebtedness of the Agency within the meaning of Article XVI, Section 16 of the California Constitution and CRL Section 33670, and shall be payable from tax increment paid to the Agency pursuant to Article XVI, Section 16 of the California Constitution and CRL Section 33670 or from any other source legally available to the Agency for such payment, and shall constitute an indebtedness of the Agency until paid in full. The Agency shall include its obligations to the City under this Agreement as an indebtedness on the Agency's statement of indebtedness filed with the County Auditor pursuant to CRL Section 33675. 5. Subordination. The obligation of the Agency to make payments to City pursuant to this Agreement shall be subordinate to any obligation of the Agency to pay debt service on bonds heretofore or hereafter issued by the Agency and to pay any other contractual indebtedness of the Agency incurred prior to the date of this Agreement. 6. Proiect Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for any of the projects identified herein, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to such projects. In accordance with CEQA, prior to approval of any additional project for the Property, not already sufficiently evaluated in the EIRs, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding 1601994.1601747.1 4 mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Neverthelless, as further described in the staff report, resolution and related materials provided to the City Council and Agency governing board in connection with the review and approval of this Agreement, the potential environmental impacts of the projects identified in Exhibit A were evaluated in the Environmental Impact Report for the General Plan Update, and the Environmental Impact Report for the El Camino Real / Chestnut Avenue Area Plan (collectively, "EIRs ") under the California Environmental Quality Act ( "CEQA "). The General Plan Update EIR was certified by the City Council in 200; the El Camino Real / Chestnut Avenue Area Plan EIR is currently available for pubic review. The City and Agency (as applicable) have determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of those EIRs, (ii) no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects are being undertaken which will require major revisions in those EIRs, and (iii) no new information, which was not known and could not have been known at the time the General Plan Update EIR was certified as complete, or since public notice of availability for the El Camino Real / Chestnut Area Plan EIR was issued, has become available, which new information would demonstrate that (a) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (b) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (c) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (d) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162. 7. Defaults and Remedies. 7.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 7.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non- defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking to obtain any other remedy consistent with the purpose of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 7.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or 1601994.1601747.1 5 more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 7.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 8. Miscellaneous. 8.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. To Agency: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director To City: City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: City Manager 8.2 Entire Agreement. This Agreement, together with Exhibit A constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 8.3 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 8.4 Interpretation: Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 8.5 Incorporation of Recitals and Exhibits. >;,xhibit A attached hereto and the Recitals set forth above are hereby incorporated into this Agreement as though fully set herein. 1601994.1601747.1 6 8.6 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 8.7 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 8.8 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 8.9 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 8.10 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and/or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 8.11 Severability. If any term, provision, covenant, or condition set forth in this Agreement is held by the final judgment of a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions, covenants, and conditions shall continue in full force and effect to the extent that the basic intent of the Parties as expressed herein can be accomplished. In addition, the Parties shall cooperate in good faith in an effort to amend or modify this Agreement in a manner such that the purpose of any invalidated or voided provision, covenant, or condition can be accomplished to the maximum extent legally permissible. 8.12 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. CITY: CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: 1601994.1601747.1 7 Title: ATTEST: By: City Clerk APPROVED AS TO FORM: By: City Attomey AGENCY: REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: Title: ATTEST: By: Agency Secretary APPROVED AS TO FORM: By: Agency Counsel 1601994.1601747.1 8 1601994.1601747.1 9 Exhibit A PUBLIC IMPROVEMENTS Agency to provide twelve million five hundred forty six thousand four hundred and sixteen dollars ($12,546,416) to fund the following public improvements: Oak Avenue will be extended from Mission Road to El Camino Real with the goals of alleviating traffic congestion along Chestnut Street, making both pedestrian and vehicular traffic smother and safer, and improving traffic circulation while reducing traffic hazards and accidents. This funding would both design and construct the following improvements: • Two new bridges: over Colma Creek and over the BART right -of -way • Sewer upgrades • New traffic signal at Mission Road & Oak Avenue • Storm drainage system ■ New sidewalks, curbs and gutters ■ New road pavement • Acquire needed right -of -way to straighten roadway for safe travel MILLER AVENUE DOWNTOWN PARKING GARAGE RESOLUTION NO REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR SPECIFIED PUBLIC IMPROVEMENTS, ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445, AND AUTHORIZING THE EXECUTION OF A PUBLIC IMPROVEMENT AGREEMENT WITH THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council ( "City Council ") of the City of South San Francisco ( "City ") has adopted and amended, from time to time, the Redevelopment Plan (the "Redevelopment Plan") for the Downtown/Central project area (the "Project Area "); and WHEREAS, in keeping with the goals of the Agency to eliminate blight in the Project Area in accordance with the Redevelopment Plan and Agency's current Implementation Plan ( "Implementation Plan "), the City and Agency have been working cooperatively regarding the development of certain public improvements in the Project Area; and WHEREAS, the City and Agency have determined that it would be mutually beneficial to enter into a Public Improvement Agreement (the "Agreement ") a copy of which is on file with the City Clerk and Agency Secretary, pursuant to which the Agency would agree to pay for certain public improvements to be undertaken by the City in the furtherance of the redevelopment of the Project Area; WHEREAS, pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; 1602420.1 1 (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. WHEREAS, pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment; and, WHEREAS, a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)); and, WHEREAS, nevertheless, as is further set forth below, the potential environmental impacts of the projects identified in Exhibit A to the Agreement were previously evaluated under CEQA in the Revised Initial Study and Mitigated Negative Declaration for the Miller Avenue Parking Structure (IS /MND), and the City has determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of the IS /MND, (ii) no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in the IS /MND, and (iii) no new information, which was not known and could not have been known at the time the IS/MND was adopted, has become available. Therefore, no supplemental or subsequent CEQA evaluation is required for approval of the Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162; WHEREAS, the Environmental Impact Report for the Downtown/Central Project Area, and the Revised Initial Study and Mitigated Negative Declaration for the Miller Avenue Parking Structure ( IS/MND), are each expressly relied upon in accordance with CEQA Guidelines Section 15152 for this action's compliance with CEQA, and each ER may be reviewed during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080; and WHEREAS, the Staff Report accompanying this Resolution, the Redevelopment Plan, and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based; WHEREAS, the expenditure of tax increment funds for the projects identified in the Agreement will be of benefit to the Project Area by facilitating the elimination of blight and the development of affordable housing; 1602420.1 2 WHEREAS, the expenditure of tax increment fluids for the improvements is consistent with the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that they will further the goals and objectives of the Redevelopment Plan, improve the appearance of the Project Area, eliminate blight, improve access to Project Area businesses, support economic development, and support the development of affordable housing; and WHEREAS, the activities and improvements proposed to be funded pursuant to the Agreement will not generate cash flow to the City or Agency, and therefore cannot support debt service; the City has no unrestricted general fund revenue available for such purposes without a reduction in vital community services; and the City does not have and cannot reasonably obtain revenue available for such purposes, and therefore no other reasonable means of financing the Project exists. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of South San Francisco that it hereby: 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, accompanying this Resolution that: (i) the expenditure of tax increment funds for the public improvements identified in the Agreement will be of benefit to the Project Area by helping to eliminate blighting conditions and facilitating the development of low and moderate - income housing, (ii) no other reasonable means of financing such projects and programs is reasonably available, and (iii) completion of such projects is provided for and consistent with the Redevelopment Plan and the Implementation Plan adopted in connection therewith. 2. Finds thatpursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, the environmental impacts of the following projects were examined in the IS/MND referenced below, that there are no substantial changes proposed in the projects which will require major revisions of the IS/MND; that no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in the IS/MND; and that no new information, which was not known and could not have been known at the time the IS/MND was adopted, has become available, and, therefore no subsequent or supplemental CEQA evaluation is required pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162: A. 1602420.1 3 A. The environmental impacts of the project described in Exhibit A were evaluated in the Revised Initial Study / Mitigated Negative Declaration prepared for the Miller Avenue Parking Garage, adopted by resolution of the City Council of the City of South San Francisco on March 12, 2008, through Resolution No. 3. Approves the Agency's expenditure of tax increment funds in the amounts and for the purposes specified in the Agreement. 4. Approves the actions to be undertaken and the work to be performed by the City as specified in the Agreement. 5. Authorizes the Agency Executive Director to execute the Agreement on behalf of the Agency substantially in the form on file with the Agency Secretary and to undertake such actions and to execute such additional instruments as may be necessary or desirable in order to carry out the intent of this Resolution. 6. Authorizes the Agency Secretary or designee to file a Notice of Determination and a Notice of Exemption for the approval of the Agreement with the County Clerk of San Mateo County in conformance with the procedures provided for the filing of such notices in the California Environmental Quality Act and the CEQA Guidelines. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a meeting held on the day of , 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: 1602420.1 4 ATTEST: Agency Secretary RESOLUTION NO CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR SPECIFIED PUBLIC IMPROVEMENTS AND REDEVELOPMENT ACTIVITIES, ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445, AND AUTHORIZING THE EXECUTION OF A PUBLIC IMPROVEMENT AGREEMENT WITH THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council ( "City Council ") of the City of South San Francisco ( "City ") has adopted and amended, from time to time, the Redevelopment Plan (the "Redevelopment Plan") for the Downtown/Central project area (the "Project Area "); and WHEREAS, in keeping with the goals of the Agency to eliminate blight in the Project Area in accordance with the Redevelopment Plan and Agency's current Implementation Plan ( "Implementation Plan "), the City and Agency have been working cooperatively regarding the development of certain public improvements in the Project Area; and WHEREAS, the City and Agency have determined that it would be mutually beneficial to enter into a Public Improvement Agreement (the "Agreement ") a copy of which is on file with the City Clerk and Agency Secretary, pursuant to which the Agency would agree to pay for certain public improvements to be undertaken by the City in the furtherance of the redevelopment of the Project Area; WHEREAS, pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by 1602254.1 1 helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. n , , S.AfL� s pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment; and, WHEREAS, a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)); and, WHEREAS, nevertheless, as is further set forth below, the potential environmental impacts of the projects identified in Exhibit A to the Agreement were previously evaluated under CEQA in the Revised Initial Study and Mitigated Negative Declaration for the Miller Avenue Parking Structure (IS/MND), and the City has determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of the IS /MND, (ii) no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in the IS /MND, and (iii) no new information, which was not known and could not have been known at the time the IS/MND was adopted, has become available. Therefore, no supplemental or subsequent CEQA evaluation is required for approval of the Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162; WHEREAS, the Environmental Impact Report for the Downtown/Central Project Area, and the Revised Initial Study and Mitigated Negative Declaration for the Miller Avenue Parking Structure (IS/MND), are each expressly relied upon in accordance with CEQA Guidelines Section 15152 for this action's compliance with CEQA, and each EIR may be reviewed during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080; and WHEREAS, the Staff Report accompanying this Resolution, the Redevelopment Plan, and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based; 1602254.1 2 WHEREAS, the expenditure of tax increment funds for the projects identified in the Agreement will be of benefit to the Project Area by facilitating the elimination of blight and the development of affordable housing; WHEREAS, the improvements to be funded pursuant to the Agreement are provided for in the Redevelopment Plan, and the expenditure of tax increment funds for such improvements is consistent with the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that they will further the goals and objectives of the Redevelopment Plan, improve the appearance of the Project Area, eliminate blight, improve access to Project Area businesses, support economic development, and support the development of affordable housing; and WHEREAS, the improvements to be funded pursuant to the Agreement will not generate cash flow to the City or Agency, and therefore cannot support debt service; the City has no unrestricted general fund revenue available for such purposes without a reduction in vital community services; and the City does not have and cannot reasonably obtain revenue available for such purposes, and therefore no other reasonable means of financing the Project exists. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that it hereby: 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, accompanying this Resolution that: (i) the expenditure of tax increment funds for the public improvements identified in the Agreement will be of benefit to the Project Area by helping to eliminate blighting conditions and facilitating the development of low and moderate - income housing, (ii) no other reasonable means of financing such projects and programs is reasonably available, and (iii) completion of such projects is consistent with the Redevelopment Plan and the Implementation Plan adopted in connection therewith. 2. �"e.YAzI0 * pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, the environmental impacts of the following projects were examined in the IS/MND referenced below, that there are no substantial changes proposed in the projects which will require major revisions of the IS/MND; that no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in the IS /MND; and that no new information, which was not known and could not have been known at the time the IS/MND was adopted, has become available, and, therefore no subsequent or supplemental CEQA evaluation is required pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162: 1602254.1 3 A. The environmental impacts of the project described in Exhibit A were evaluated in the Revised Initial Study / Mitigated Negative Declaration prepared for the Miller Avenue Parking Garage, adopted by resolution of the City Council of the City of South San Francisco on March 12, 2008, through Resolution No. 3. Approves the Agency's expenditure of tax increment funds in the amounts and for the purposes specified in the Agreement. 4. Approves the actions to be undertaken and the work to be performed by the City as specified in the Agreement. 5. Authorizes the City Manager to execute the Agreement on behalf of the City substantially in the form on file with the City Clerk and to undertake such actions and to execute such additional instruments as may be necessary or desirable in order to carry out the intent of this Resolution. 6. Authorizes the City Clerk or designee to file a Notice of Determination and a Notice of Exemption for the approval of the Agreement with the County Clerk of San Mateo County in conformance with the procedures provided for the filing of such notices in the California Environmental Quality Act and the CEQA Guidelines I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a meeting held on the day of , 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: ATTEST: 1602254.1 4 City Clerk PUBLIC IMPROVEMENT AGREEMENT This Public Improvement Agreement (this "Agreement ") is entered into effective as of February , 2011 ( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency ") and the City of South San Francisco, a municipal corporation ( "City "). The Agency and the City are hereinafter collectively referred to as the "Parties." RECITALS A. (1) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Shearwater Redevelopment Project (the " Shearwater Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 996 -86, adopted on January 8, 1986 (as subsequently amended, hereafter the " Shearwater Redevelopment Plan "). (2) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Downtown Central Redevelopment Project which includes the added area (the "Downtown Central Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 1056 -89, adopted on July 12, 1989 (as subsequently amended, hereafter the "Downtown Central Redevelopment Plan "). (3) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Gateway Redevelopment Project, (the "Gateway Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 867 -81, adopted on June 17, 1981 (as subsequently amended, hereafter the "Gateway Redevelopment Plan "). (4) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the El Camino Redevelopment Project including the added area (the "El Camino Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 1132 -93, adopted on June 9, 1993 (as subsequently amended, hereafter the "El Camino Redevelopment Plan "). The Shearwater Project Area, the Downtown Central Project Area, the Gateway Project Area and the El Camino Project Area are collectively referred to herein as the "Project Area ". The Gateway Redevelopment Plan, the El Camino Redevelopment Plan, the Shearwater Redevelopment Plan and the Downtown Central Redevelopment Plan are collectively referred to herein as the "Redevelopment Plan ". 1601747.1 1 B. Pursuant to Section 33220 of the CRL, any public body is authorized to enter into an agreement with the Agency for the purpose of aiding and cooperating in the planning, undertaking, construction, or operation of redevelopment projects located within the jurisdiction in which such public body is authorized to act, upon the terms and with or without consideration as such public body determines. C. Pursuant to Section 33126(b) of the CRL, the Agency may enter into a contract with any other public agency pursuant to which such public agency furnishes necessary staff services associated with or required by redevelopment. D. Pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; E. Pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. F. On the basis of the information and evidence presented to the City Council and the governing board of the Redevelopment Agency and provided in the staff report and other materials accompanying the resolutions approving this Agreement, the City Council and the Redevelopment Agency have adopted the findings described in Recital E with respect to the public improvements to be funded by the Agency pursuant to this Agreement. 1601747.1 2 G. The Parties desire to enter into this Agreement to set forth the improvements that City will undertake in furtherance of the redevelopment of the Project Area, and to provide that the Agency will pay for the cost to undertake such work. H. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, as further described in the staff report, resolution and related materials provided to the City Council and Agency governing board in connection with the review and approval of this Agreement, the potential environmental impacts of the projects identified in Exhibit A were previously evaluated under the California Environmental Quality Act ( "CEQA ") in the Revised Initial Study and Mitigated Negative Declaration for the Miller Avenue Parking Structure ( IS/MND). The IS/MND was circulated for public comment and adopted on March 12, 2008. Construction of the projects described in Exhibit A, is nearly complete. The City and Agency (as applicable) have determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of the IS/MND, (ii) no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in the IS/MND, and (iii) no new information, which was not known and could not have been known at the time the IS/MND was adopted, has become available. Therefore, no supplemental or subsequent CEQA evaluation is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162. NOW, THEREFORE, in consideration of the mutual covenants, conditions and promises herein contained, the Parties hereby agree as follows. 1. Term. The term of this Agreement shall commence on the Effective Date, and shall continue in effect until the twentieth (20 anniversary of the Effective Date. 2. City to Construct Public Improvements. In support of the redevelopment of the Project Area the City agrees to undertake or otherwise cause to be performed the construction and installation of public improvements described in the attached Exhibit A. 3. Agency to Pay for Public Improvements. The Agency agrees to pay to the City the amounts set forth in Exhibit A for the cost of construction of the public improvements therein identified. Agency agrees to provide funds to City in the aggregate amount listed in Exhibit A promptly following the Effective Date of this Agreement. City agrees to deposit all such funds in a segregated "Public Improvement Account" reserved for the purposes identified in Exhibit A. City agrees that it shall use all funds deposited into the Public Improvement Account solely for the construction and installation of the public improvements described in Exhibit A. Any 1601747.1 3 balance remaining in the Public Improvement Account after completion of all improvements identified in Exhibit A shall be returned to Agency. 4. Indebtedness. The obligation of the Agency to make payment to City pursuant to this Agreement shall constitute an indebtedness of the Agency within the meaning of Article XVI, Section 16 of the California Constitution and CRL Section 33670, and shall be payable from tax increment paid to the Agency pursuant to Article XVI, Section 16 of the California Constitution and CRL Section 33670 or from any other source legally available to the Agency for such payment, and shall constitute an indebtedness of the Agency until paid in full. The Agency shall include its obligations to the City under this Agreement as an indebtedness on the Agency's statement of indebtedness filed with the County Auditor pursuant to CRL Section 33675. 5. Subordination. The obligation of the Agency to make payments to City pursuant to this Agreement shall be subordinate to any obligation of the Agency to pay debt service on bonds heretofore or hereafter issued by the Agency and to pay any other contractual indebtedness of the Agency incurred prior to the date of this Agreement. 6. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for any of the projects identified herein, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to such projects. In accordance with CEQA, prior to approval of any additional project for the Property, not already sufficiently evaluated in the IS /MND, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, as further described in the staff report, resolution and related materials provided to the City Council and Agency governing board in connection with the review and approval of this Agreement, the potential environmental impacts of the projects identified in Exhibit A were previously evaluated under CEQA in the Revised Initial Study and Mitigated Negative Declaration for the Miller Avenue Parking Structure (IS/MND). The IS/MND was circulated for public comment and adopted on March 12, 2008. Construction of the projects described in Exhibit A, is nearly complete. The City and Agency (as applicable) have determined based on substantial evidence that (i) there are no substantial changes proposed in the projects which will require major revisions of the IS/MND, (ii) no substantial changes have occurred with respect to the circumstances under which the projects are being undertaken which will require major revisions in the IS/MND, and (iii) no new information, which was not known and could not have 1601747.1 4 been known at the time the IS/MND was adopted, has become available. Therefore, no supplemental or subsequent CEQA evaluation is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Section 15162. 7. Defaults and Remedies. 7.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 7.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non- defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking to obtain any other remedy consistent with the purpose of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 7.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 7.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 8. Miscellaneous. 8.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. To Agency: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director 1601747.1 5 To City: City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: City Manager 8.2 Entire Agreement. This Agreement, together with Exhibit A constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 8.3 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 8.4 Interpretation; Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 8.5 Incorporation of Recitals and Exhibits. Exhibit A attached hereto and the Recitals set forth above are hereby incorporated into this Agreement as though fully set herein. 8.6 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 8.7 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 8.8 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 8.9 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 8.10 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and/or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 8.11 Severability. If any term, provision, covenant, or condition set forth in this Agreement is held by the final judgment of a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions, covenants, and conditions shall continue in full force 1601747.1 6 and effect to the extent that the basic intent of the Parties as expressed herein can be accomplished. In addition, the Parties shall cooperate in good faith in an effort to amend or modify this Agreement in a manner such that the purpose of any invalidated or voided provision, covenant, or condition can be accomplished to the maximum extent legally permissible. 8.12 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. CITY: CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: Title: ATTEST: By: City Clerk APPROVED AS TO FORM: By: City Attorney AGENCY: REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: Title: 1601747.1 7 ATTEST: By: Agency Secretary APPROVED AS TO FORM: By: Agency Counsel 1601747.1 8 1601747.1 9 Exhibit A PUBLIC IMPROVEMENTS Agency to provide two million four hundred eighty -seven thousand dollars to fund change orders and contract amendments related to the Miller Avenue Downtown Parking Garage, 4 Lane Improvements and the breezeway connecting the parking garage to Grand Avenue. The costs covered by the additional funds include: Architectural /engineering services, construction and construction management services for construction of the Miller Avenue Parking Garage, including improvements to Fourth Lane to provide ADA and pedestrian access to and from the Parking Garage through the new Grand Avenue Breezeway, and related improvements. OYSTER POINT PUBLIC IMPROVEMENTS RESOLUTION NO REDEVELOPMENT AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR SPECIFIED PUBLIC IMPROVEMENTS, ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445, AND AUTHORIZING THE EXECUTION OF A PUBLIC IMPROVEMENT AGREEMENT WITH THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council ( "City Council ") of the City of South San Francisco ( "City ") has adopted and amended, from time to time, the Redevelopment Plan (the "Redevelopment Plan") for the Downtown/Central project area (the "Project Area "); and WHEREAS, in keeping with the goals of the Agency to eliminate blight in the Project Area in accordance with the Redevelopment Plan and Agency's current Implementation Plan ( "Implementation Plan "), the City and Agency have been working cooperatively regarding the development of certain public improvements in the Project Area; and WHEREAS, the City and Agency have determined that it would be mutually beneficial to enter into a Public Improvement Agreement (the "Agreement ") a copy of which is on file with the City Clerk and Agency Secretary, pursuant to which the Agency would agree to pay for certain public improvements to be undertaken by the City in the furtherance of the redevelopment of the Project Area; WHEREAS, pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; 1603124.2603124.1 1 (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. WHEREAS, pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment; and, WHEREAS, a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)); and, WHEREAS, nevertheless, as is further set forth below, the potential environmental impacts of the projects identified in Exhibit A to the Agreement were evaluated in the Environmental Impact Report for the Oyster Point Specific Plan and Phase I Project ( "EIR ") under CEQA, and the City has determined based on substantial evidence that there are no substantial changes proposed in the projects, no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects will be undertaken, and no other significant new information has become available since the time the public notice of availability was issued, which would demonstrate that (i) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (ii) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded; therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of the Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162; WHEREAS, the Environmental Impact Report for the Downtown/Central Project Area, and the Environmental Impact Report for the Oyster Point Specific Plan and Phase I Project, are each expressly relied upon in accordance with CEQA Guidelines Section 15152 for this action's compliance with CEQA, and each EIR may be reviewed during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080; and WHEREAS, the Staff Report accompanying this Resolution, the Redevelopment Plan, 1603124.2603124.1 2 and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based; WHEREAS, the expenditure of tax increment funds for the projects identified in the Agreement will be of benefit to the Project Area by facilitating the elimination of blight and the development of affordable housing; WHEREAS, the expenditure of tax increment funds for the improvements is consistent with the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that they will further the goals and objectives of the Redevelopment Plan, improve the appearance of the Project Area, eliminate blight, improve access to Project Area businesses, support economic development, and support the development of affordable housing; and WHEREAS, the activities and improvements proposed to be funded pursuant to the Agreement will not generate cash flow to the City or Agency, and therefore cannot support debt service; the City has no unrestricted general fund revenue available for such purposes without a reduction in vital community services; and the City does not have and cannot reasonably obtain revenue available for such purposes, and therefore no other reasonable means of financing the Project exists. NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of South San Francisco that it hereby: 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, accompanying this Resolution that: (i) the expenditure of tax increment funds for the public improvements identified in the Agreement will be of benefit to the Project Area by helping to eliminate blighting conditions and facilitating the development of low and moderate - income housing, (ii) no other reasonable means of financing such projects and programs is reasonably available, and (iii) completion of such projects is provided for and consistent with the Redevelopment Plan and the Implementation Plan adopted in connection therewith. 2. Finds that pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, the environmental impacts of the following projects were examined in the EIR referenced below, there are no substantial changes proposed in the projects, no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects will be undertaken, and no other significant new information has become available since the time the public notice of availability was issued, which would demonstrate that (i) a new significant environmental impact would 1603124.2603124.1 3 result from the projects or from a new mitigation measure to be implemented; (ii) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded; therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of the Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162: A. The environmental impacts of the projects described on Exhibit A were examined in the Oyster Point Specific Plan and Phase I Project EIR, State Clearing House Number 2010022070, circulated for public review on January 25, 2011. 3. Approves the Agency's expenditure of tax increment funds in the amounts and for the purposes specified in the Agreement. 4. Approves the actions to be undertaken and the work to be performed by the City as specified in the Agreement. 5. Authorizes the Agency Executive Director to execute the Agreement on behalf of the Agency substantially in the form on file with the Agency Secretary and to undertake such actions and to execute such additional instruments as may be necessary or desirable in order to carry out the intent of this Resolution. 6. Authorizes the Agency Secretary or designee to file a Notice of Determination and a Notice of Exemption for the approval of the Agreement with the County Clerk of San Mateo County in conformance with the procedures provided for the filing of such notices in the California Environmental Quality Act and the CEQA Guidelines. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a meeting held on the day of , 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: 1603124.2603124.1 4 ATTEST: Agency Secretary RESOLUTION NO CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AUTHORIZING THE EXPENDITURE OF TAX INCREMENT FUNDS FOR SPECIFIED PUBLIC IMPROVEMENTS AND REDEVELOPMENT ACTIVITIES, ADOPTING FINDINGS REQUIRED BY HEALTH AND SAFETY CODE SECTION 33445, AND AUTHORIZING THE EXECUTION OF A PUBLIC IMPROVEMENT AGREEMENT WITH THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO WHEREAS, the Redevelopment Agency of the City of South San Francisco ( "Agency ") is a redevelopment agency formed, existing and exercising its powers pursuant to California Community Redevelopment Law, Health and Safety Code Section 33000 et seq. ( "CRL "); WHEREAS, the City Council ( "City Council") of the City of South San Francisco ( "City") has adopted and amended, from time to time, the Redevelopment Plan (the "Redevelopment Plan") for the Downtown/Central project area (the "Project Area "); and WHEREAS, in keeping with the goals of the Agency to eliminate blight in the Project Area in accordance with the Redevelopment Plan and Agency's current Implementation Plan ( "Implementation Plan "), the City and Agency have been working cooperatively regarding the development of certain public improvements in the Project Area; and WHEREAS, the City and Agency have determined that it would be mutually beneficial to enter into a Public Improvement Agreement (the "Agreement ") a copy of which is on file with the City Clerk and Agency Secretary, pursuant to which the Agency would agree to pay for certain public improvements to be undertaken by the City in the furtherance of the redevelopment of the Project Area; WHEREAS, pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by 1603089.2 1 helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. WHEREAS, pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment; and, WHEREAS, a "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)); and, WHEREAS, nevertheless, as is further set forth below, the potential environmental impacts of the projects identified in Exhibit A to the Agreement were evaluated in the Environmental Impact Report for the Oyster Point Specific Plan and Phase I Project ( "EIR ") under CEQA, and the City has determined based on substantial evidence that there are no substantial changes proposed in the projects, no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects will be undertaken, and no other significant new information has become available since the time the public notice of availability was issued, which would demonstrate that (i) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (ii) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded; therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of the Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162; WHEREAS, the Environmental Impact Report for the Downtown/Central Project Area, and the Environmental Impact Report for the Oyster Point Specific Plan and Phase I Project, are each expressly relied upon in accordance with CEQA Guidelines Section 15152 for this action's compliance with CEQA, and each EIR may be reviewed during normal business hours at the City of South San Francisco, Planning Division, 315 Maple Avenue, South San Francisco, CA 94080; and 1603089.2 2 WHEREAS, the Staff Report accompanying this Resolution, the Redevelopment Plan, and the Implementation Plan provide additional information upon which the findings and actions set forth in this Resolution are based; WHEREAS, the expenditure of tax increment funds for the projects identified in the Agreement will be of benefit to the Project Area by facilitating the elimination of blight and the development of affordable housing; WHEREAS, the improvements to be funded pursuant to the Agreement are provided for in the Redevelopment Plan, and the expenditure of tax increment funds for such improvements is consistent with the Implementation Plan adopted by the Agency pursuant to Health and Safety Code Section 33490, in that they will further the goals and objectives of the Redevelopment Plan, improve the appearance of the Project Area, eliminate blight, improve access to Project Area businesses, support economic development, and support the development of affordable housing; and WHEREAS, the improvements to be funded pursuant to the Agreement will not generate cash flow to the City or Agency, and therefore cannot support debt service; the City has no unrestricted general fund revenue available for such purposes without a reduction in vital community services; and the City does not have and cannot reasonably obtain revenue available for such purposes, and therefore no other reasonable means of financing the Project exists. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that it hereby: 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, accompanying this Resolution that: (i) the expenditure of tax increment funds for the public improvements identified in the Agreement will be of benefit to the Project Area by helping to eliminate blighting conditions and facilitating the development of low and moderate - income housing, (ii) no other reasonable means of financing such projects and programs is reasonably available, and (iii) completion of such projects is consistent with the Redevelopment Plan and the Implementation Plan adopted in connection therewith. 2. Finds that pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, the environmental impacts of the following projects were examined in the EIR referenced below, there are no substantial changes proposed in the projects, no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects will be undertaken, and no other 1603089.2 3 significant new information has become available since the time the public notice of availability was issued, which would demonstrate that (i) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (ii) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded; therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of the Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162: A. The environmental impacts of the projects described on Exhibit A were examined in the Oyster Point Specific Plan and Phase I Project EIR, State Clearing House Number 2010022070, circulated for public review on January 25, 2011. 3. Approves the Agency's expenditure of tax increment funds in the amounts and for the purposes specified in the Agreement. 4. Approves the actions to be undertaken and the work to be performed by the City as specified in the Agreement. 5. Authorizes the City Manager to execute the Agreement on behalf of the City substantially in the form on file with the City Clerk and to undertake such actions and to execute such additional instruments as may be necessary or desirable in order to carry out the intent of this Resolution. 6. Authorizes the City Clerk or designee to file a Notice of Determination and a Notice of Exemption for the approval of the Agreement with the County Clerk of San Mateo County in conformance with the procedures provided for the filing of such notices in the California Environmental Quality Act and the CEQA Guidelines I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a meeting held on the day of , 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: 1603089.2 4 ATTEST: 1603089.2 5 City Clerk PUBLIC IMPROVEMENT AGREEMENT This Public Improvement Agreement (this "Agreement ") is entered into effective as of February , 2011 ( "Effective Date ") by and between the Redevelopment Agency of the City of South San Francisco, a public body corporate and politic ( "Agency ") and the City of South San Francisco, a municipal corporation ( "City "). The Agency and the City are hereinafter collectively referred to as the "Parties." RECITALS A. (1) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Shearwater Redevelopment Project (the "Shearwater Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 996 -86, adopted on January 8, 1986 (as subsequently amended, hereafter the "Shearwater Redevelopment Plan "). (2) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Downtown Central Redevelopment Project which includes the added area (the "Downtown Central Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 1056 -89, adopted on July 12, 1989 (as subsequently amended, hereafter the "Downtown Central Redevelopment Plan "). (3) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the Gateway Redevelopment Project, (the "Gateway Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 867 -81, adopted on June 17, 1981 (as subsequently amended, hereafter the "Gateway Redevelopment Plan "). (4) Pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ( "CRL "), the Agency has responsibility to implement the redevelopment plan for the El Camino Redevelopment Project including the added area (the "El Camino Project Area ") established by the Redevelopment Plan adopted for the Project Area pursuant to Ordinance No. 1132 -93, adopted on June 9, 1993 (as subsequently amended, hereafter the "El Camino Redevelopment Plan "). The Shearwater Project Area, the Downtown Central Project Area, the Gateway Project Area and the El Camino Project Area are collectively referred to herein as the "Project Area ". The Gateway Redevelopment Plan, the El Camino Redevelopment Plan, the Shearwater Redevelopment Plan and the Downtown Central Redevelopment Plan are collectively referred to herein as the "Redevelopment Plan ". 1602004.2 1 B. Pursuant to Section 33220 of the CRL, any public body is authorized to enter into an agreement with the Agency for the purpose of aiding and cooperating in the planning, undertaking, construction, or operation of redevelopment projects located within the jurisdiction in which such public body is authorized to act, upon the terms and with or without consideration as such public body determines. C. Pursuant to Section 33126(b) of the CRL, the Agency may enter into a contract with any other public agency pursuant to which such public agency furnishes necessary staff services associated with or required by redevelopment. D. Pursuant to CRL Section 33205, the Agency is authorized to delegate to the City any of the powers or functions of the Agency with respect to the undertaking of a redevelopment project, and the City is authorized to carry out and perform such powers and functions; E. Pursuant to Section 33445 of the CRL, the Agency may, with the consent of the City, pay for all or a portion of the cost of the land for, and the cost of construction of, any building, facility, structure, or other improvements that are publicly owned and located within the Project Area if the City Council finds based upon substantial evidence that: (1) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned are of benefit to the Project Area; (2) The acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned benefits the Project Area by helping to eliminate blight within the Project Area, or will directly assist in the provision of housing for low- or moderate - income persons; (3) No other reasonable means of financing the acquisition of the land or the installation or construction of the buildings, facilities, structures, or other improvements that are publicly owned, are available to the community; and (4) The payment of funds for the acquisition of land or the cost of buildings, facilities, structures, or other improvements that are publicly owned is consistent with the implementation plan adopted pursuant to CRL Section 33490. F. On the basis of the information and evidence presented to the City Council and the governing board of the Redevelopment Agency and provided in the staff report and other materials accompanying the resolutions approving this Agreement, the City Council and the Redevelopment Agency have adopted the findings described in Recital E with respect to the public improvements to be funded by the Agency pursuant to this Agreement. G. The City and the Agency have undertaken negotiations with other public agencies and organizations, including without limitation, the State of California Department of Housing and Community Development ( "HCD "), the San Mateo County Harbor District ( "Harbor District "), the County of San Mateo ( "San Mateo County "), California Water ( "Cal Water "), and the Bay 1602004.2 2 Conservation and Development Commission ( "BCDC ") for the purpose of reaching agreement regarding the development of public improvements and facilities within the Project Area. As more particularly described in Exhibit A and the resolutions approving this Agreement, as a condition to the receipt of certain state and federal grant funds, in connection with such agreements, the City and/or Agency will be obligated to pay for and/or undertake certain activities, including without limitation, the development of certain public improvements. H. The Parties desire to enter into this Agreement to set forth the improvements that City will undertake in furtherance of the redevelopment of the Project Area, and to provide that the Agency will pay for the cost to undertake such work. I. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, as further described in the staff report, resolution and related materials provided to the City Council and Agency governing board in connection with the review and approval of this Agreement, the potential environmental impacts of the projects identified in Exhibit A were evaluated in the Environmental Impact Report for the Oyster Point Specific Plan and Phase I Project ( "EIR ") under the California Environmental Quality Act ( "CEQA "), which is currently available for pubic review. The City and Agency (as applicable) have determined based on substantial evidence that there are no substantial changes proposed in the projects, no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects will be undertaken, and no other significant new information has become available since the time the public notice of availability was issued, which would demonstrate that (i) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (ii) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162. NOW, THEREFORE, in consideration of the mutual covenants, conditions and promises herein contained, the Parties hereby agree as follows. 1. Term. The term of this Agreement shall commence on the Effective Date, and shall continue in effect until the twentieth (20 anniversary of the Effective Date. 1602004.2 3 2. City to Construct Public Improvements. In support of the redevelopment of the Project Area the City agrees to undertake or otherwise cause to be performed the construction and installation of public improvements described in the attached Exhibit A. 3. Agency to Pay for Public Improvements. The Agency agrees to pay to the City the amounts set forth in Exhibit A for the cost of construction of the public improvements therein identified. Agency agrees to provide funds to City in the aggregate amount listed in Exhibit A promptly following the Effective Date of this Agreement. City agrees to deposit all such funds in a segregated "Public Improvement Account" reserved for the purposes identified in Exhibit A. City agrees that it shall use all funds deposited into the Public Improvement Account solely for the construction and installation of the public improvements described in Exhibit A. Any balance remaining in the Public Improvement Account after completion of all improvements identified in Exhibit A shall be returned to Agency. 4. Indebtedness. The obligation of the Agency to make payment to City pursuant to this Agreement shall constitute an indebtedness of the Agency within the meaning of Article XVI, Section 16 of the California Constitution and CRL Section 33670, and shall be payable from tax increment paid to the Agency pursuant to Article XVI, Section 16 of the California Constitution and CRL Section 33670 or from any other source legally available to the Agency for such payment, and shall constitute an indebtedness of the Agency until paid in full. The Agency shall include its obligations to the City under this Agreement as an indebtedness on the Agency' s statement of indebtedness filed with the County Auditor pursuant to CRL Section 33675. 5. Subordination. The obligation of the Agency to make payments to City pursuant to this Agreement shall be subordinate to any obligation of the Agency to pay debt service on bonds heretofore or hereafter issued by the Agency and to pay any other contractual indebtedness of the Agency incurred prior to the date of this Agreement. 6. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City or Agency, as applicable, in connection with the issuance of approvals and entitlements for any of the projects identified herein, including, without limitation, the undertaking and completion of any required environmental review pursuant to the California Environmental Quality Act ( "CEQA ") and the National Environmental Policy Act ( "NEPA "), as applicable, and the review and approval of plans and specifications relating to such projects. In accordance with CEQA, prior to approval of any additional project for the Property, not already sufficiently evaluated in the EIR, City, acting as lead agency or co -lead agency, shall complete any environmental review required under CEQA or NEPA. Pursuant to State CEQA Guidelines Section 15378(b)(4), approval of the Agreement itself is not a project subject to the California Environmental Quality Act ( "CEQA "), because the Agreement is related to a government funding mechanism or other government fiscal activities which do not involve a commitment to any specific project which may result in a potentially significant physical impact on the environment. A "project" requiring CEQA review, is an activity that has the potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment, and expressly does not include government funding 1602004.2 4 mechanisms or other government fiscal activities which do not involve any commitment to any specific project (CEQA Guidelines, § 15378(b)(4)). Nevertheless, as further described in the staff report, resolution and related materials provided to the City Council and Agency governing board in connection with the review and approval of this Agreement, the potential environmental impacts of the projects identified in Exhibit A were evaluated in the Environmental Impact Report for the Oyster Point Specific Plan and Phase I Project ( "EIR ") under the California Environmental Quality Act ( "CEQA "), which is currently available for pubic review. The City and Agency (as applicable) have determined based on substantial evidence that there are no substantial changes proposed in the projects, no substantial changes have occurred with respect to the circumstances or environmental setting under which the projects will be undertaken, and no other significant new information has become available since the time the public notice of availability was issued, which would demonstrate that (i) a new significant environmental impact would result from the projects or from a new mitigation measure to be implemented; (ii) a substantial increase in the severity of an environmental impact would result unless mitigation measures are adopted that reduce the impact to a level of insignificance; (iii) a feasible project alternative or mitigation measure considerably different from others previously analyzed would clearly lessen the environmental impacts of the project; or (iv) the draft EIR was so fundamentally and basically inadequate and conclusory in nature that meaningful public review and comment were precluded. Therefore, no further CEQA evaluation or recirculation of the EIR is required for approval of this Agreement pursuant to Public Resources Code section 21166 and CEQA Guidelines Sections 15088.5 and 15162. 7. Defaults and Remedies. 7.1 Default. An event of default ( "Event of Default ") shall arise hereunder if either Party fails to keep, observe, or perform any of its covenants, duties, or obligations under this Agreement, and the default continues for a period of thirty (30) days, or in the case of a default which cannot with due diligence be cured within thirty (30) days, the defaulting Party fails to commence to cure the default within thirty (30) days of such default and thereafter fails to prosecute the curing of such default with due diligence and in good faith to completion within not more than ninety (90) days. 7.2 Remedies. Upon the occurrence of an Event of Default, in addition to pursuing any other remedy allowed at law or in equity or otherwise provided in this Agreement, the non- defaulting Party may bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking to obtain any other remedy consistent with the purpose of this Agreement, and may pursue any and all other remedies available under this Agreement or under law or equity to enforce the terms of this Agreement. 7.3 Remedies Cumulative. Except as otherwise expressly stated in this Agreement, the rights and remedies of the Parties are cumulative, and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different time, of any other rights or remedies for the same or any other default by the other Party. 7.4 Inaction Not a Waiver of Default. No failure or delay by either Party in asserting any of its rights and remedies as to any default shall operate as a waiver of such default or of any 1602004.2 5 such rights or remedies, nor deprive either Party of its rights to institute and maintain any action or proceeding which it may deem necessary to protect, assert or enforce any such rights or remedies in the same or any subsequent default. 8. Miscellaneous. 8.1 Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. To Agency: Redevelopment Agency of the City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: Executive Director To City: City of South San Francisco 400 Grand Avenue South San Francisco, CA 94080 Attention: City Manager 8.2 Entire Agreement. This Agreement, together with Exhibit A constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior negotiations and agreements with respect thereto. 8.3 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. 8.4 Interpretation; Captions. The section headings used herein are solely for convenience and shall not be used to interpret this Agreement. The Parties acknowledge that this Agreement is the product of negotiation and compromise on the part of both Parties, and the Parties agree, that since both Parties have participated in the negotiation and drafting of this Agreement, this Agreement shall not be construed as if prepared by one of the Parties, but rather according to its fair meaning as a whole, as if both Parties had prepared it. 8.5 Incorporation of Recitals and Exhibits. Exhibit A attached hereto and the Recitals set forth above are hereby incorporated into this Agreement as though fully set herein. 8.6 No Third Party Beneficiaries. Nothing contained in this Agreement is intended by the Parties, nor shall any provision of this Agreement be deemed or construed by the Parties or by any third person, to be for the benefit of any third party, nor shall any third party have any right to enforce any provision of this Agreement or be entitled to damages for any breach by City or Agency of any of the provisions of this Agreement. 1602004.2 6 8.7 Amendments. This Agreement may be modified or amended only by an instrument in writing executed by both City and Agency. 8.8 Assignments. This Agreement and the rights conferred hereunder may not be assigned by operation of law or otherwise absent the express written consent of the Parties. 8.9 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original, and all of which taken together shall constitute one agreement. 8.10 Further Assurances. Agency and City each agree to undertake such other actions as may reasonably be necessary to carry out the intent of this Agreement, including without limitation, the execution and/or recordation of any additional documents which may be required to effectuate the transactions contemplated hereby. 8.11 Severability. If any term, provision, covenant, or condition set forth in this Agreement is held by the final judgment of a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions, covenants, and conditions shall continue in full force and effect to the extent that the basic intent of the Parties as expressed herein can be accomplished. In addition, the Parties shall cooperate in good faith in an effort to amend or modify this Agreement in a manner such that the purpose of any invalidated or voided provision, covenant, or condition can be accomplished to the maximum extent legally permissible. 8.12 Non - Liability of Officials, Employees and Agents. No member, official, employee or agent of City or Agency shall be personally liable in the event of any default or breach hereunder by either Party. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. CITY: CITY OF SOUTH SAN FRANCISCO, a municipal corporation By: Title: ATTEST: By: 1602004.2 7 City Clerk APPROVED AS TO FORM: By: City Attorney AGENCY: REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, a public body, corporate and politic By: Title: ATTEST: By: Agency Secretary APPROVED AS TO FORM: By: Agency Counsel 1602004.2 8 1602004.2 9 Exhibit A PUBLIC IMPROVEMENTS The 48 -acre "Marina Property," as distinguished from the adjacent Oyster Point Business Park and the actual Oyster Point Marina, served as a municipal landfill for the City of South San Francisco from 1956 until it stopped accepting waste in 1970. The Marina Property, which is owned by the City of South San Francisco and managed through a Joint Powers Agreement with the San Mateo County Harbor District, is currently developed with a variety of uses including a dry boat storage area, a marine support services building, two small office buildings, a 30 -room inn and banquet hall, a bait and tackle shop, a boat and motor mart and a yacht club, all totaling approximately 74,360 square feet. Prior to any substantial redevelopment or re -use of the Marina Property, infrastructure improvements are required to repair the landfill's clay cap cover, repair and replace streets and utilities damaged by refuse settlement, and improve access to public recreation areas. Accordingly, as part of the Project, the RDA will contribute approximately $18,112,473.40 to various public improvements, including street and utility improvements to the Oyster Point Business Park and Oyster Point Marina Property; repair of the clay cap covering the landfill on central portion of the Marina Property; reconfiguring and reconstructing existing parking lots on the Marina Property; grading and constructing flexible -use recreation fields on the Marina Property; demolition of an existing hotel, and grading for potential future construction of an upgraded hotel on the Marina Property; landscaping Crescent Park and beach area; installation and landscaping of a "palm promenade" along Oyster Point and Marina Boulevards; installation of a new sewer pump station at the Oyster Point Marina; repair of the clay cap covering the landfill on eastern edge of the Marina Property; landscaping within the 100 -foot shore band at the eastern edge of the Marina Property; landscaping tune -up on the eastern edge of the Marina Property; and repaving the existing parking areas on the eastern edge of the Marina Property; and, Specific funding proposals and proposed public improvements include: a) Approximately $1,798,517.40 for street realignment and utility improvements to Oyster Point Boulevard east of Gull Road, and portions of Marina Boulevard, including without limitation, rough grading and soil stabilization, compaction, road base, asphalt paving and striping, curbs, storm sewer, sanitary sewer, water lines and vaults, gas lines, and joint utility trench; b) Approximately $5,116,158 for street realignment and utility improvements to remainder of Marina Boulevard; c) Approximately $498,065 to repair the clay cap covering the landfill on the central portion of the Marina Property.; d) Approximately $3,858,661 to reconfigure and reconstruct parking areas on the Marina Property; e) Approximately $1,954,459 for the grading and construction of flexible -use recreation fields on the Marina Property; 0 Approximately $777,696 for demolition of the existing hotel and grading of the site for potential development of future, upgraded hotel facilities; and g) Approximately, $4,108,917 for construction and landscaping a Crescent Park and beach area at the intersection of Oyster Point and Marina Boulevards. 1602004.2 10 11. SAN FISCAL IMPACT CONCLUSION StaffReport DATE: March 2, 2011 TO: The Honorable City Council FROM: Jim Steele, Finance Director SUBJECT: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO MAKING FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 RELATED TO THE REDEVELOPMENT AGENCY'S FORGIVING A LOAN MADE TO THE PARKING ENTERPRISE FUND TO PAY FOR THE CONSTRUCTION OF THE MILLER AVENUE DOWNTOWN PARKING GARAGE RECOMMENDATION It is recommended that the City Council approve the attached resolution which makes findings pursuant to Health and Safety Code Section 33445 and consents to the Redevelopment Agency forgiving a loan made to the Parking Enterprise Fund to pay for construction of the Miller Avenue Downtown Parking Garage. BACKGROUND /DISCUSSION Pursuant to prior capital improvement program budget approvals., the costs of construction of the Miller Avenue Parking Garage have been advanced to the Parking Enterprise Fund from the Redevelopment Agency (Agency) because the Parking District did not have sufficient funds to pay for the construction of the garage. Agency staff is recommending in a separate report to the Agency Board that the advances from the Agency to the Parking Enterprise Fund be forgiven. In order to forgive this loan, the Council also needs to make findings pursuant to Health and Safety Code Section 33445, as presented in the attached Resolution. A total of $10.7 million has been spent to date on the Parking Garage through loans made by the Agency to the Parking Enterprise Fund. Those loans will be forgiven by the Redevelopment Agency under separate action. Adopting the attached resolution will confirm the Council's consent to using Agency funds for the construction of the Miller Avenue Parking Garage. 1603233.1 City Council Staff Report Resolution Consenting to Use of Redevelopment Agency Funds for Construction of the Downtown Parking Garage March 2, 2011 Page 2 of 2 By: Jim : -le Fin. • Director Attachment: Resolution Approve . Nagel City Manager RESOLUTION NO. A RESOLUTION OF CITY COUNCIL OF THE CITY OF SOUTH SAN FRANCISCO MAKING VARIOUS FINDINGS CONSISTENT WITH SECTION 33445 OF THE CALIFORNIA HEALTH AND SAFETY CODE RELATED TO THE REDEVELOPMENT AGENCY'S FORGIVING A LOAN MADE TO THE PARKING ENTERPRISE FUND TO PAY FOR THE CONSTRUCTION OF THE MILLER AVE. DOWNTOWN PARKING GARAGE WHEREAS, in accordance with the Capital Irnprovement Program Budget adopted for 2010 -11 on July 28, 2010 pursuant to Resolution 74 -2010, the Redevelopment Agency (the Agency) has provided cash advances to the Downtown Parking Enterprise Fund to accomplish the completion of the Miller Ave. Parking Garage (the Garage); and WHEREAS, pursuant to Section 33445 of the California Health and Safety Code, the Agency may, with the consent of the City Council of the City of South San Francisco pay for the cost of construction of a parking structure that is publicly owned and located within the Project Area if the Agency makes findings based upon substantial evidence as follows below. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco makes findings that: (1) The Downtown Central Redevelopment Project area businesses will benefit from the provision of additional parking in the downtown area, and therefore the construction of a parking garage that is publicly owned is of benefit to the Project Area; and (2) A parking garage in the Downtown Central Project area will help eliminate blight by encouraging new businesses to locate in the downtown and will also encourage existing businesses to re- invest in the downtown area, and therefore the construction of the parking garage that is publicly owned benefits the Project Area by helping to eliminate blight within the Project Area; and (3) No other reasonable means of financing construction of a parking garage that is publicly owned are available to the community; and (4) Construction of a parking garage that is publicly owned is consistent with the Redevelopment Agency's implementation plan adopted pursuant to California Redevelopment Law Section 33490. BE IT FURTHER RESOLVED that all funds loaned or advanced from the Redevelopment Agency to the Downtown Parking Enterprise Fund to complete the Miller Ave. Parking Garage are hereby forgiven; and BE IT FURTHER RESOLVED THAT any encumbrances or budgets in place to complete the Miller Ave. Parking Garage with funds not yet spent as of the date of the adoption of this Resolution shall be funded by the Redevelopment Agency. AYES: NOES: ABSTAIN: ABSENT: * * * I hereby certify that the foregoing Resolution was regularly introduced and adopted by the City Council of the City of South San Francisco at a meeting held on the day of 2011 by the following vote: ATTEST: City Clerk FISCAL IMPACT Redevelopment Agency StaffReport DATE: March 2, 2011 TO: The Redevelopment Agency Board FROM: Jim Steele, Agency Finance Officer SUBJECT: A RESOLUTION OF THE BOARD OF THE REDEVELOPMENT AGENCY OF SOUTH SAN FRANCISCO MAKING VARIOUS FINDINGS AND FORGIVING ADVANCES MADE FROM THE REDEVELOPMENT AGENCY TO THE DOWNTOWN PARKING ENTERPRISE FUND RECOMMENDATION It is recommended that the Board approve the attached resolution which forgives all advances made by the Redevelopment Agency to the Downtown Parking Enterprise Fund for costs associated with the design and construction of the Miller Avenue Parking Garage. BACKGROUND /DISCUSSION As the Board may recall, funding for the construction of the Milder Avenue Parking Garage has been advanced to the Parking Enterprise Fund from the Redevelopment Agency pursuant to the Capital Improvement Program budget approved on July 28, 2010 (Resolution 74- 2010). The advances were made by the Agency because the Parking District did not have sufficient funds to pay for the construction of the garage. The Downtown Parking Enterprise Fund receives revenue from parking meter and parking permit sales in Downtown Parking District. It would take future parking meter and parking permit sales over 15- 20 years to pay the Agency back for the approximately $10.7 million advanced to the Parking Fund to date, and doing so would divert funds that could otherwise be used to support other downtown parking needs that otherwise would not be funded. Therefore, staff recommends that all advances from the Agency to the Parking Fund be forgiven. The attached resolution forgives all such advances, and also transfers any remaining budgets that would have been funded from advances to be obligations of the Redevelopment Agency. The attached Resolution also makes various findings consistent with the California Health and Safety Code on the use of Agency funds for public improvements. A total of $10.7 million has been spent on the Parking Garage to date. Forgiving the loans from the Agency to the Parking Enterprise Fund will facilitate other parking improvements in the Downtown area that otherwise could not be funded. Redevelopment Agency Staff Report Forgiveness of Funds Advanced to the Downtown Parking Enterprise Fund March 2, 2011 Page 2 of 2 CONCLUSION Adopting the attached resolution will facilitate the ability of the Parking District to fund needed parking improvements it otherwise would not be able to fund if it had to pay back the $10.7 million in advances to the Agency. No other sources of funding exist for those other improvements. By: Approved'. Jim S -ele Barry M. Nagel Agency Finance Officer Executive Director Attachment: Resolution RESOLUTION NO. REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA. A RESOLUTION OF THE BOARD OF THE REDEVELOPMENT AGENCY OF SOUTH SAN FRANCISCO MAKING VARIOUS FINDINGS CONSISTENT WITH SECTION 33445 OF THE CALIFORNIA HEALTH AND SAFETY CODE AND FORGIVING ADVANCES MADE FROM THE REDEVELOPMENT AGENCY TO THE DOWNTOWN PARKING ENTERPRISE FUND WHEREAS, in accordance with the Capital Improvement Program Budget adopted for 2010 -11 on July 28, 2010 pursuant to Resolution 74 -2010, the Redevelopment Agency (the Agency) has provided cash advances to the Downtown Parking Enterprise Fund to accomplish the completion of the Miller Avenue Parking Garage (the Garage); and WHEREAS, pursuant to Section 33445 of the California Health and Safety Code, the Agency may, with the consent of the City Council of the City of South San Francisco pay for the cost of construction of a parking structure that is publicly owned and located within the Project Area if the Agency makes findings based upon substantial evidence as follows below. NOW, THEREFORE, BE IT RESOLVED, by the Board of the Redevelopment Agency that: (1) The Downtown Central Project area businesses will benefit from the provision of additional parking in the downtown area, and therefore the construction of a parking garage that is publicly owned is of benefit to the Project Area; and (2) A parking garage in the Downtown Central Project area will help eliminate blight by encouraging new businesses to locate in the downtown and will also encourage existing businesses to re- invest in the downtown area, and therefore the construction of the parking garage that is publicly owned benefits the Project Area by helping to eliminate blight within the Project Area; and (3) No other reasonable means of financing construction of a parking garage that is publicly owned are available to the community; and (4) Construction of a parking garage that is publicly owned is consistent with the Redevelopment Agency's implementation plan adopted pursuant to California Redevelopment Law Section 33490. BE IT FURTHER RESOLVED, by the Board of the Redevelopment Agency that all funds loaned or advanced from the Redevelopment Agency to the Downtown Parking Enterprise Fund to complete the Miller Avenue Parking Garage are hereby forgiven; and BE IT FURTHER RESOLVED THAT any encumbrances or budgets in place to complete the Miller Avenue Parking Garage with funds not :yet spent as of the date of the adoption of this Resolution shall be funded by the Redevelopment Agency. * I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Board of the Redevelopment Agency of the City of South San Francisco at a meeting held on the day of 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: * ATTEST: City Clerk J III Sit* y Redevelopment Agency StaffReport DATE: March 2, 2011 TO: The Redevelopment Agency Board FROM: Jim Steele, Agency Finance Officer SUBJECT: RESOLUTION AUTHORIZING THE EXECUTPVE DIRECTOR TO MAKE A PAYMENT TO SAN MATEO COUNTY FOR THE SHARE OF THE REDEVELOPMENT AGENCY'S OBLIGATION TO THE COUNTY TO REIMBURSE GENENTECH INC. FOR PROPERTY TAXES THAT WERE ORDERED REFUNDED BY THE SAN MATED COUNTY SUPERIOR COURT RECOMMENDATION It is recommended that the Board approve the attached resolution which authorizes the Executive Director to make a payment to San Mateo County for the Redevelopment Agency's (Agency) share of a prior year property tax refund ordered by the San Mateo County Superior Court, and amending the 2010 -11 Redevelopment Agency operating budget. BACKGROUND/DISCUS SION As the Board may recall, on March 21, 2008 Superior Court Judge Carol L. Middlesteadt issued allotice of Entry of Writ of Mandate and Remand instructions (the judgment) to the County of San Mateo (the County) to refund prior years' property taxes paid by Genentech Inc. (Case No. CIV 456781). The Board may also recall that the nature of the judgment was based on a clerical error in the way the appeals were heard and noticed by the County Property Tax Appeals Board. Under property tax refund procedures, any refunds that accrue to an area within a Redevelopment Agency borders must be refunded directly from that Agency. (Refunds that occur in a general city, non- Redevelopment Agency boundary, are shared across all taxing entities in San Mateo County). In July 2008, the County initially sent the Agency a notice that it would be obligated to remit $8,895,865. However, the County then indicated that it was continuing to seek payment terms from Genentech and perhaps wrap up the payment into the terms of other property tax appeals that were ongoing. Due to the Governor's proposal to eliminate Redevelopment Agencies, staff believes it would be expeditious to work with the County to get a final billing for the Agency's obligation for the Genentech refund over the next 30 days, and issue payment. That payment would remove the obligation from the Agency's books and would clarify somewhat the financial position of the Agency, which would be a positive development if the Governor's proposal is successful. Redevelopment Agency Staff Report County Property Tax Refund March 2, 2011 Page 2 of 2 FISCAL IMPACT $8.9 million has already been booked as a liability (that is, reduced from reserves) for the Genentech property tax refund. Approval of the attached resolution authorizes the Executive Director to make a payment to the County. The attached resolution gives the City Manager a not to exceed authority of $10.0 million. Staff believes the amount, with accumulated interest, will be closer to $9.25 million. Staff will not make the payment without an invoice and reconciliation from the County Controller's Office. CONCLUSION Adopting the attached resolution will provide for an expeditious payment of property taxes owned to Genentech per Court order, and will therefore clarify the Agency's financial standing in its financial statements. By: Jim ,teele Agency Finance Officer Attachment: Resolution Approve . Nagel Executive Director RESOLUTION NO. REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION OF THE BOARD OF THE REDEVELOPMENT AGENCY OF SOUTH SAN FRANCISCO AUTHORIZING THE EXECUTIVE DIRECTOR TO MAKE A PAYMENT TO SAN MATEO COUNTY FOR THE SHARE OF THE REDEVELOPMENT AGENCY'S OBLIGATION TO THE COUNTY TO REIMBURSE GENENTECH INC. FOR PROPERTY TAXES THAT WERE ORDERED REFUNDED BY THE SAN MATEO COUNTY SUPERIOR COURT WHEREAS, on or around March 21, 2008 Superior Court Judge Carol L. Middlesteadt issued a Notice of Entry of Writ of Mandate and Remand instructions (the judgment) to the County of San Mateo to refund prior years' property taxes paid by Genentech Inc. (Case No. CIV 456781); and WHEREAS, as a result of that judgment the Redevelopment Agency of the City of South San Francisco (the Agency) would have future tax increment deducted from its share of property tax payments; and WHEREAS, the County and Genentech continue to discuss these and other related property tax appeals related to other years; and WHEREAS, the Redevelopment Agency Board of South San Francisco (the Board) believes it would be expeditious to pay the County of San Mateo for the share of the judgment that the Agency will end up owing in the future, given the uncertainty over the future status of Redevelopment Agencies in the State of California; and, WHEREAS, the County of San Mateo estimated that the South San Francisco Redevelopment Agency' s share of the judgment to be $8,895,865 as of July 16, 2008; and, WHEREAS, the County may assess additional interest accruals on that balance prior to receiving the payment from the County; and, WHEREAS, staff has already booked $8.9 million as a liability in the Redevelopment Agency' s financial statements, meaning, has already reduced reserves to cover this payment, but the payment has not yet been budgeted. NOW, THEREFORE, BE IT RESOLVED, by the Board that if the State of California takes action to terminate the activities of the Redevelopment Agency with an effective date of prior to June 30, 2011, the Agency Executive Director is hereby authorized to pay the County of San Mateo a total of not to exceed $10,000,000 to reflect the final amount provided by the County, including interest that may have accumulated since 2008, and the Redevelopment Agency operating budget is hereby correspondingly increased. Funds have been set aside as a liability to fund this obligation. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency Board of the City of South San Francisco at a meeting held on the day of 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: ATTEST: City Clerk Staff Report DATE: March 2, 2011 TO: The Redevelopment Agency Board FROM: Marty Van Duyn, Assistant Executive Director SUBJECT: RESOLUTIONS APPROVING (1) THE APPROPRIATION OF $2,500,000 OF MERGED REDEVELOPMENT PROJECT AREA FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY GIFFRA ENTERPRISES LLC AND (2) THE APPROPRIATION OF $9,989,000 OF MERGED REDEVELOPMENT PROJECT AREA FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY AFFILIATES OF MID- PENINSULA HOUSING CORPORATION RECOMMENDATION Staff recommends that the Redevelopment Agency Board approve: (1) a resolution approving the appropriation of $2.5 million of the Merged Redevelopment Project Area Funds (commonly known as the 80% non - housing restricted funds) to the Low and Moderate Income Housing Fund for the development of affordable housing by Giffra Enterprises LLC, and (2) a resolution approving the appropriation of $9,989,000 of Merged Project Area Funds to the Low and Moderate Income Housing Fund for the development of affordable housing by affiliates of Mid - Peninsula Housing Corporation. BACKGROUND On February 23, 2011, the Redevelopment Agency Board approved an Owner Participation and Loan Agreement ( "Giffra OPA ") with Giffra Enterprises LLC ( "Giffra ") for the purpose of rehabilitating two single- occupancy hotels located at 228 and 236 Grand Avenue into housing affordable to moderate - income households ( "Giffra Project "). Pursuant to the Giffra OPA, the Redevelopment Agency will provide a loan of $2.5 million to Giffra for the construction of the Giffra Project ( "Giffra Loan "), and Giffra will contribute $250,000. The Giffra Project will create ten (10) new two - bedroom residential units affordable to moderate - income households. On February 9, 2011, the Redevelopment Agency Board, with the City Council's consent, approved several agreements with Mid -Pen South City LLP ( "MP ") and Mid -Pen South City II LLP ( "MP II ") for the ground lease, development and construction of a mixed -use residential and commercial development located at 636 El Camino Real and consisting of two phases as follows: Staff Report Subject: RESOLUTIONS APPROVING (1) THE APPROPRIATION OF $2,500,000 OF MERGED REDEVELOPMENT PROJECT AREA FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY GIFFRA ENTERPRISES LLC AND (2) THE APPROPRIATION OF $10,416,557 OF MERGED REDEVELOPMENT PROJECT AREA FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY AFFILIATES OF MID- PENINSULA HOUSING CORPORATION Page 2 of 3 PHASE A: MP will construct sixty -two (62) units of multi- family rental housing (61 units will be affordable to low- and moderate - income households), common areas, a subterranean parking garage, and approximately 5700 square feet of commercial retail space. PHASE B: MP II will construct forty -seven (47) units of rnulti- family rental housing affordable to low- and moderate - income households, common areas, a subterranean parking garage and related improvements. (Phase A and Phase B are hereafter referred to as the "Mid -Pen Project ") MP and MP II are both affiliates of Mid -Pen Housing Corporation, a nonprofit public benefit corporation, and are committed to creating affordable housing for low- and moderate - income households. To assist in financing the construction of the Mid -Pen Project, the Redevelopment Agency has agreed to provide residual receipts loans to MP in the amount of $4,290,373 (the "Phase A ]Loan ") and to MP II in the amount of $5,698,627 (the "Phase B Loan "). These amounts are inclusive of $480,000 loaned to Mid -Pen for pre - development activities. In addition, the Redevelopment Agency, MP and MP II have executed an Affordable Housing Regulatory Agreement and Declaration of Restrictive Covenants for the Mid -Pen Project to restrict the residential units for low- and moderate - income households for 75 years. The Mid -Pen Project will therefore create 108 units of housing affordable to low- and moderate - income households, thereby benefiting the El Camino Corridor Project Area. The Giffra Loan, Phase A Loan and Phase B Loan are to be funded by the Redevelopment Agency's Low and Moderate Income Housing Fund ( "Housing Fund "). DISCUSSION Pursuant to Section 33071 of the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq, "CRL "), the California Legislature has found and declared that a fundamental purpose of redevelopment is to expand the supply of low- and moderate - income housing. Indeed, the California Legislature has determined that the provision of housing is itself a fundamental purpose of the CRL and that a generally inadequate statewide supply of decent, safe, and sanitary housing affordable to persons and families of low or moderate income, threatens the accomplishment of the primary purposes of the CRL, including job creation, attracting new private investments, and creating physical, economic, social, and environmental conditions to remove and prevent the recurrence of blight. (CRL §33334.6) Furthermore, the California Legislature has determined that the provision of affordable housing by redevelopment agencies and the use of taxes allocated to the Agency pursuant to Section 33670(b) of the CRL ( "Tax Increment ") is of statewide benefit and of particular benefit and assistance to all local governmental agencies in the areas where the housing is provided. (CRL §33334.6) Pursuant to Section 33334.2(a) of the CRL, the Redevelopment Agency sets aside not less than twenty percent (20 %) of Tax Increment for the Redevelopment Agency's Housing Fund. The requirements of Section 33334.2(a) is a minimum amount, thus the Redevelopment Agency may set -aside additional Tax Increment for the Housing Fund for the purpose of alleviating blight and benefiting a project area by providing additional resources for affordable housing projects. The Giffra Project and the Mid -Pen Staff Report Subject: RESOLUTIONS APPROVING (1) THE APPROPRIATION OF $2,500,000 OF MERGED REDEVELOPMENT PROJECT AREA FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY GIFFRA ENTERPRISES LLC AND (2) THE APPROPRIATION OF $10,416.557 OF MERGED REDEVELOPMENT PROJECT AREA FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY AFFILIATES OF MID - PENINSULA HOUSING CORPORATION Page 3 of 3 Project will alleviate blight and benefit their respective project areas by creating new housing affordable to low- and moderate - income households, new commercial space, and rehabilitated streetscapes. In order to financial assist the Giffra Project and the Mid -Pen Project, the Redevelopment Agency desires to set -aside additional Tax Increment for the Housing Fund. FISCAL IMPACT The Redevelopment Agency has approved of funding for the Mid -Pen Project and the Giffra Project at its board meetings on February 9, 2011, and February 23, 2011, respectively, thus no new funding is required. The appropriation of Tax Increment from the Merged Project Area Redevelopment Fund to the Low and Moderate Income Housing Fund will decrease the amount of funding for non - housing related projects, but will likewise increase the amount of funding for housing related projects. CONCLUSION The Giffra Project and the Mid -Pen Project will create new affordable housing and commercial space, thereby benefit the Downtown Central Project Area and the El Camino Corridor Project Area, respectively. Therefore, the appropriation of Tax Increment from the Merged Project Area Redevelopment Fund to the Low and Moderate Income Housing Fund will advance the objectives of the CRL and the redevelopment plans for the project areas. By: 7 -- Approved: Enclosure: Resolutions 1599325.1 Marty Van Duyn Barry M. I` age Assistant Executive Director Executive Director Resolution No. Redevelopment Agency of the City of South San Francisco State of California A RESOLUTION APPROVING THE APPROPRIATION OF $9,989,000 OF MERGED PROJECT AREA REDEVELOPMENT FUND TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY AFFILIATES OF MID- PENINSULA HOUSING CORPORATION WHEREAS, pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq, "CRL "), the Redevelopment Agency of South San Francisco (the "Agency ") has the responsibility to implement the Redevelopment Plan (the "Redevelopment Plan ") for the El Camino Corridor Redevelopment Project Area (the "Project Area "); and WHEREAS, the California Legislature has found and declared that a fundamental purpose of redevelopment is to expand the supply of low- and moderate- income housing (CRL Section 33071); and WHEREAS, the California Legislature has determined that the that the provision of housing is itself a fundamental purpose of the CRL and that a generally inadequate statewide supply of decent, safe, and sanitary housing affordable to persons and families of low or moderate income, threatens the accomplishment of the primary purposes of the CRL, including job creation, attracting new private investments, and creating physical, economic, social, and environmental conditions to remove and prevent the recurrence of blight (CRL Section 33334.6); and WHEREAS, the California Legislature has determined that the provision of affordable housing by redevelopment agencies and the use of taxes allocated to the Agency pursuant to CRL Section 33670(b) ( "Tax Increment ") is of statewide benefit and of particular benefit and assistance to all local governmental agencies in the areas where the housing is provided (CRL Section 33334.6); and WHEREAS, pursuant to CRL Section 33334.2(a), the Agency is required to set aside and deposit not less than twenty percent (20 %) of all Tax Increment into a Low and Moderate Income Housing Fund; and WHEREAS, the Low and Moderate Income Housing Fund shall be used by the Agency for the purposes of increasing, improving, and preserving the City of South San Francisco's supply of low -and moderate - income housing available at affordable housing cost; and WHEREAS, pursuant to CRL Section 33334.2(g)(1), the Agency may use the Low and Moderate Income Housing Fund outside of the Project Area, provided that it benefits the Project Area; and WHEREAS, MP South City LLP, a California limited partnership ( "MP "), an affiliate of Mid - Peninsula Housing Corporation, a California nonprofit public benefit corporation, owns that certain real property located in the City of South San Francisco ( "City ") adjacent to the Project Area at 636 El Camino Real and known as San Mateo County Assessor Parcel No 010146040 (the "Property "); and WHEREAS, on a portion of the Property, MP has proposed the development and construction of a mixed -used residential development consisting of sixty -two (62) units of multi- family rental housing affordable to low- and moderate - income households, common areas, a subterranean parking garage, and approximately 5700 square feet of commercial retail space (the "Phase A Project "); and WHEREAS, the Agency has proposed to ground lease the remainder of the Property to MP South City II LLP, a California limited partnership, an affiliate of Mid - Peninsula Housing Corporation ( "MP II" and collectively with MP, hereafter, the "Developers ") for construction of a mixed -use development consisting of forty -seven (47) units of multi - family rental housing affordable to low- and moderate - income households, common areas, a subterranean parking garage and related improvements (the "Phase B Project," and collectively with the Phase A Project, hereafter, the "Project "); and WHEREAS, in connection with the Project, the Developers have agreed to restrict 61 of the residential units in the Phase A Project for occupancy by low- and moderate - income households for a period of 75 years and restrict 47 of the residential units in the Phase B Project for occupancy by low- and moderate - income households for a period of 75 years; and WHEREAS to assist in financing the construction of the Project, the Agency has agreed to provide residual receipts loans to MP in the amount of $4,290,373 (the "Phase A Loan ") and to MP II in the amount of $5,698,627 (the "Phase B Loan ") to be funded by the Low and Moderate Income Housing Fund; and WHEREAS, the Agency has determined that the development and construction of the Project is consistent with the Redevelopment Plan and the Implementation Plan for the Project Area, will be of benefit to the Project Area, will further the goals of the Redevelopment Plan, and will increase the supply of housing affordable to low- and moderate- income households; and WHEREAS, pursuant to Resolution , the Agency and the Developers entered into several agreements, including ground leases, loan agreements, deeds of trust and regulatory agreements) related to the development and construction of the Project; and WHEREAS, in furtherance of the goals of redevelopment, Agency desires to set aside and deposit an additional Nine Million, Nine Hundred Eighty Nine Thousand Dollars ($9,989,000) of Tax Increment from the Merged Project Area Redevelopment Fund into the Low and Moderate Income Housing Fund for the purpose of partially financing the Project and creating low- and moderate - income multi - family rental housing in the City and adjacent to the Project Area; NOW THEREFORE, BE IT RESOLVED, by the Redevelopment Agency of the City of South San Francisco that it hereby: 1 Finds that the development of affordable housing for low- and moderate - income households is a fundamental purpose of redevelopment within the Project Area; 2. Finds that the development and construction of the Project pursuant to the Redevelopment Plan will facilitate the development of housing affordable for low- and moderate - income households in accordance with Section 33071 of the CRL. 3. Finds that the Project will be of benefit to the Project Area, will further the goals of the Redevelopment Plan pursuant to the CRL, and will be consistent with the Implementation Plan adopted in connection therewith. 4. Appropriates $9,989,000 from Tax Increment: form the Merged Project Area Redevelopment Fund to the Low and Moderate Income Housing Fund for the purpose of partially financing the Project. 5. Authorizes the Executive Director or his designee to take such actions as necessary to carry out the intent of this Resolution. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a meeting held on this day of March 2011 by the following vote: AYES: NOES: AB STAIN: ABSENT: ATTEST: 1599310.1 AGENCY SECRETARY Resolution No. Redevelopment Agency of the City of South San Francisco State of California A RESOLUTION APPROVING THE APPROPRIATION OF $2,500,000 OF MERGED PROJECT AREA REDEVELOPMENT FUNDS TO THE LOW AND MODERATE INCOME HOUSING FUND FOR THE DEVELOPMENT OF AFFORDABLE HOUSING BY GIFFRA ENTERPRISE LLC WHEREAS, pursuant to authority granted under Community Redevelopment Law (California Health and Safety Code Section 33000 et seq, "CRL "), the South San Francisco Redevelopment Agency has the responsibility to implement the redevelopment plan adopted in 1989 by the City Council of the City of South San Francisco by Ordinance No. 180596 (as subsequently amended, the "Redevelopment Plan ") for the Downtown Central Redevelopment Project Area (the "Project Area "); and WHEREAS, the California Legislature has found and declared that a fundamental purpose of redevelopment is to expand the supply of low- and moderate- income housing (CRL Section 33071); and WHEREAS, the California Legislature has determined that the that the provision of housing is itself a fundamental purpose of the CRL and that a generally inadequate statewide supply of decent, safe, and sanitary housing affordable to persons and families of low or moderate income, threatens the accomplishment of the primary purposes of the CRL, including job creation, attracting new private investments, and creating physical, economic, social, and environmental conditions to remove and prevent the recurrence of blight (CRL Section 33334.6); and WHEREAS, the California Legislature has determined that the provision of affordable housing by redevelopment agencies and the use of taxes allocated to the Agency pursuant to CRL Section 33670(b) ( "Tax Increment ") is of statewide benefit and of particular benefit and assistance to all local governmental agencies in the areas where the housing is provided (CRL Section 33334.6); and WHEREAS, pursuant to CRL Section 33334.2(a), the Agency is required to set aside and deposit not less than twenty percent (20 %) of all Tax Increment into a Low and Moderate Income Housing Fund ( "Housing Fund "); and WHEREAS, the Housing Fund shall be used by the Agency for the purposes of increasing, improving, and preserving the City of South San Francisco's supply of low -and moderate - income housing available at affordable housing cost; and WHEREAS, Giffra Enterprise, LLC, ( "Owner ") is the owner of two single -room occupancy hotels located in the Project Area at 228 and 236 Grand Avenue in the City of South San Francisco ( "City ") and known as San Mateo County Assessor's Parcel Nos. 10331502 and 130141025 (the "Property "); and WHEREAS, Owner has proposed to rehabilitate the Property in order to, among other improvements, convert the existing hotel units into apartment units that will be affordable to moderate - income households and renovate the common areas (all of the foregoing, collectively, the "Project "); and WHEREAS, the Agency has determined that the rehabilitation of the Property is consistent with the Redevelopment Plan and the Implementation Plan for the Project Area, will be of benefit to the Project Area, will further the goals of the Redevelopment Plan by improving the street scape appearance of the Property, and will increase the supply of housing affordable to moderate - income households; and WHEREAS, pursuant to Resolution , the Agency and Owner entered into that certain Owner Participation and Loan Agreement ( "Agreement ") related to the rehabilitation of the Property; and WHEREAS, pursuant to the Agreement, the Agency will provide a $2,500,000 loan to Owner for construction of the Project to be funded by the Low and Moderate Income Housing Fund; and WHEREAS, in furtherance of the goals of redevelopment, Agency desires to set aside and deposit additional Tax Increment from the Merged Project Area Redevelopment Fund into the Low and Moderate Income Housing Fund for the purpose of partially financing the Project and creating affordable housing in the Project Area and the City; NOW THEREFORE, BE IT RESOLVED, by the Redevelopment Agency of the City of South San Francisco that it hereby: 1 Finds that the development of affordable housing for moderate - income households is a fundamental purpose of redevelopment within the Project Area; 2. Finds that the rehabilitation of the Property and development of the Project pursuant to the Redevelopment Plan and in accordance with the Agreement will facilitate the development of housing affordable for moderate- income households in accordance with Section 33071 of the CRL. 3. Finds that the Project will be of benefit to the Project Area, will further the goals of the Redevelopment Plan, and will be consistent with the Implementation Plan adopted in connection therewith. 4. Appropriates Two Million Five Hundred Thousand Dollars ($2,500,000) from Tax Increment from the Merged Project Area Redevelopment Fund to the Low and Moderate Income Housing Fund for the purpose of partially financing the Project. 5. Authorizes the Executive Director or his designee to take such actions as necessary to carry out the intent of this Resolution. I hereby certify that the foregoing Resolution was regularly introduced and adopted by the Redevelopment Agency of the City of South San Francisco at a meeting held on this day of March 2011 by the following vote: AYES: NOES: ABSTAIN: ABSENT: ATTEST: 1599296.1 AGENCY SECRETARY Additional Staff Reports distributed tomorrow, March 1, 2011.