HomeMy WebLinkAboutReso 148-2015 RESOLUTION NO. 148-2015
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING A DISPOSITION AND
DEVELOPMENT AGREEMENT WITH BROOKWOOD
EQUITIES, LLP FOR 418 LINDEN AVENUE.
WHEREAS, the City of South San Francisco ("City") is the owner of certain real
property located in the City of South San Francisco, California, known as County Assessor's
Parcel Number 012-314-010 ("418 Linden Avenue"); and,
WHEREAS, in September 2014, the City, the Successor Agency to the Redevelopment
Agency of the City of South San Francisco ("Agency") and Brookwood Equities, LLP, a
Delaware limited liability company ("Developer") entered into an Exclusive Negotiation Rights
Agreement ("ENRA") that established a mutual understanding among the City, the Agency and
the Developer regarding the potential development of the 418 Linden Avenue property in
conjunction with the potential development of the Agency property at 201, 207 and 217-219
Grand Avenue ("Successor Agency Property"); and,
WHEREAS, Developer has proposed to construct a five-story development consisting of
38 residential apartments, of which 8 will be affordable to low- and moderate-income
households, above ground-floor support space and 47 ground level parking spaces ("Project") on
418 Linden Avenue; and,
WHEREAS, the City Council is interested in selling 418 Linden Avenue to Developer as
contemplated in the ENRA, contingent upon approval of a Disposition and Development
Agreement by the City Council, securing all funding for the Project, and obtaining all applicable
land use entitlements from the City necessary to construct the Project on 418 Linden Avenue;
and,
WHEREAS, the City, the Agency, and the Developer now all wish to enter into a
Disposition and Development Agreement between the City, the Agency and the Developer
("Agreement")that will supersede any points of agreement contained within the ENRA; and,
WHEREAS, the City Council certified an Environmental Impact Report("EIR") on
January 28, 2015 (State Clearinghouse number 2013102001) in accordance with the provisions
of the California Environmental Quality Act (Public Resources Code, §§ 21000, et seq.,
"CEQA") and CEQA Guidelines, which analyzed the potential environmental impacts of the
development of the Downtown Station Area Specific Plan; and,
WHEREAS, the Project is within the Downtown Station Area Specific Plan and the
Project would not result in any new significant environmental effects or a substantial increase in
the severity of any previously identified effects beyond those disclosed and analyzed in the
Downtown Station Area Specific Plan EIR certified by City Council,
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco does hereby resolve as follows:
(1) Finds and determines that the recitals are true and correct;
(2) Approves the Agreement in substantially the same form attached hereto as
Attachment 1;
(3) Authorizes the City Manager to enter into and execute the Agreement on behalf of
the City Council in substantially the same form as attached hereto as Attachment 1; to make any
revisions, amendments, or modifications deemed necessary to carry out the intent of this
Resolution and which do not materially or substantially increase the City's obligations
thereunder.
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 regular meeting held on the 9th day of
December, 2015 by the following vote:
AYES: Councilmembers Karyl Matsumoto, Richard A. Garbarino, and Liza Normandy
Vice Mayor Pradeep Gupta and Mayor Mark N. Addiego
NOES: None
ABSTAIN: None
ABSENT: None
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