HomeMy WebLinkAboutReso 83-2010RESOLUTION NO. 83-2010
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING AN ~~~IENDMENT TO
EXTEND THE MEMORANDUM OF UNDERSTANDING
AMONG THE CITY OF SOUTH SAN FRANCISCO,
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN
FRANCISCO AND OYSTER POINT VENTURES LLC FOR
POTENTIAL DEVELOPMENT OF THE OYSTER POINT
MARINA AND OYSTER POINT BUSINESS PARK
WHEREAS, the City Council of the City of South San Francisco ("City") has adopted a
Redevelopment Plan for the Downtown/Central Project Area I;as amended, the "Project Area");
and,
WHEREAS, the City is the owner of certain real propel-ty located within the Project Area
and commonly known as the Oyster Point Marina ("Marina Property"); and,
WHEREAS, Oyster Point Ventures LLC, a joint venture between Shorenstein Properties
and SKS Investments LLC ("S/SKS"), purchased the Oyster Point Business Park, which is
adjacent to the Oyster Point Marina, for the purpose of developing the Oyster Point Business
Park into a modern research and development life sciences campus; and,
WHEREAS, in collaboration with the City and the South San Francisco Redevelopment
Agency, S/SKS has proposed apublic-private development approach that would result in an
integrated development of the Oyster Point Marina anal the Oyster Point Business Park
("Project"); and,
WHEREAS, in May 2009 the City Council and Redevelopment Agency Board approved
anon-binding Memorandum of Understanding ("MOU"), that f:stablishes anon-binding tentative
understanding among the City, Agency and S/SKS regarding (1) a description of the Project to
undertake the required analysis by the City and Agency pursuant to the California Environmental
Quality Act ("CEQA"), (2) the feasibility of the project and allocation of estimated costs among
the parties, and (3) the necessary planning activities, entitle~ne;nts and agreements to implement
the Project; and,
WHEREAS, the City, Agency, and S/SKS now all wish to extend the term of the MOU,
as described in the proposed First Amendment, attached to this Resolution as Attachment 1; and
WHEREAS, the First Amendment to the MOU would extend the effective period of the
MOU, but would not change any other sections, terms, or conditions of the MOU, which would
remain in full force and effect; and
WHEREAS, the MOU is a preliminary, non-binding agreement, and neither the MOU
nor the First Amendment thereto, commits the City to a definite course of action or forecloses
consideration of alternatives; and certification of environmental review pursuant to CEQA will
be required prior approval of any land use entitlements for the Project; therefore, execution of
this First Amendment to the MOU is not an "approval" of a "project," as those terms are defined
in CEQA.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby:
(1) Finds and determines that the recitals are true and correct;
(2) Approves the First Amendment to the MOU in substantially the same form
attached hereto as Attachment 1;
(3) Authorizes the City Manager to enter into and e:~ecute the First Amendment to the
MOU in substantially the same form as attached hereto as Attachment 1, and with any revisions,
amendments, or modifications deemed necessary by the City Attorney to carry out the intent of
this Resolution and which do not materially or substantially increase the City's obligations
thereunder; and
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 8th day of
September 2010 by the following vote:
AYES: Councilmembers Pedro Gonzalez, Richard A. Garbarino, and Karyl Matsumoto,
Vice Mayor Kevin Mullin and Mayor Mark Adcliego
NOES: None
ABSTAIN: None
ABSENT: None
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ATTEST:_
~ ~ Clerk
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