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HomeMy WebLinkAbout2008-11-03 e-packet~~xs ~ SPECIAL MEETING 0 ~ REDEVELOPMENT AGENCY cAL1FOR~~~ CITY OF SOUTH SAN FRANCISCO CITY COUNCIL 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 HALI, CONFERENCE R'.OOM 400 GRAND AVENUE SOUTH SAN FRANCISCO NOVEMBER 3, 2008 6:30 p.m. NOTICE IS HEREBY GIVEN, pursuant to Section 54956 c-F 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 Monday, the 3rd day of November, 2008, at 6:30 p.m., at the City Hall in the large Conference Room, 400 Grand Avenue, South San Francisco, California. Purpose of the meeting: 1. Call to Order. 2. Roll Call. 3. Public Comments. 4. Closed Session: Conference with Real Property Negotiator (Pursuant to Government Code section 54956.8) Property: Oyster Point Marina Area Properties known as Parcels A, B, C, D-1, D-2, E 1-4 and I-4 Negotiating Parties: City of South San Francisco, South San Francisco Redevelopment Agency and Oyster Point Ventures, LLC. Agency Negotiator: Marty Van Duyn Under Negotiations: Terms and Conditions for sale of property interests. 5. Presentation by Oyster Point Ventures, LLC regarding its Preliminary Concept Plan for property including 375-389 Oyster Point Boulevard ("Oyster Point Business Park") and property within the Oyster Point Marina Area. 6. Closed Session: Conference with Legal Counsel -Anticipated Litigation (Pursuant to Government Code Section 54956.9(c)) Initiation of Litigation: Two Cases. 7. Adjournment. .! Martinelli-L~lrson, City Clerk SPECIAL REDEVELOPMENT AGENCY & CITY COUNCIL NOVEMBER 3, 2008 MEETING AGENDA PAGE 2 CITY OF S®U'~I-I SAN FRANCISCO ~N'TER®F~~CE MEM®RANDUM ~AT~: November 3, 2008 TO: Honorable Mayor and City Council Members/Redevelopment Agency Board FROM: Marty Van Duyn, Assistant City Manager SZ~B~TEC'I': Redevelopment Concept Plans for Oyster Point Business Park and Oyster Point Marina Ouster Point Ventures (SKS Investments and Shorenstein Properties) has recently purchased the Oyster Point Business Park, 3 i 5-3 89 Oyster Point Boulevard, and has negotiated a purchase and sale agreement to acquire King Venture's leasehold interest in adjacent and/or nearby property within the City owned Oyster Point Marina. Additionally, they have entered into an EYClusive Negotiation Rights Agreement (ENRA) with the City to work to develop an integrated development on the combined sites and negotiate terms and conditions that could govern. such development. Staff has been meeting regularly with the development team since September toward drafting a Framework Agreement which is scheduled to be presented to the Council at its November 12, 2008 regular meeting. In advance of that, Oyster Point Ventures wanted to introduce its development team, present its concept plans to the City Council and seek any initial comments or input from the City Council regarding the concept plans. No hard copies of plans are available at this time, but the development team will provide a full presentation on Monday evening.