DATE: January 8, 2024
TO: Mayor and City Council
Hayward Redevelopment Successor Agency Board of Directors
Hayward Economic Development Corporation Board of Directors
FROM: Assistant City Manager
SUBJECT
Title
Adopt Resolutions Pertaining to: City of Hayward Authorizing Conveyance of Funds to the Hayward Economic Development Corporation (Corporation); Hayward Redevelopment Successor Agency Approving the Conveyance Agreement and Consenting to the Transfer of the Property Located at 22631-228522 Foothill Blvd., and the Assignment of the Seller's Rights, Duties, and Obligations to the Corporation; and Corporation Approving the Conveyance Agreement and Assignment of Enforceable Obligations; and Finding the Action is Exempt from CEQA Review
End
RECOMMENDATION
Recommendation
That the Council adopts a resolution (Attachment II) authorizing the conveyance of $8.6 million to the Hayward Economic Development Corporation for purchase of 1069 B Street, LLC's leasehold interest in the Cinema Place property and finding the action is exempt from CEQA review.
That the Successor Agency Board of Directors adopts a resolution (Attachment III) approving the Conveyance Agreement and consenting to the transfer of the leasehold interest in the Cinema Place property from 1069 B Street, LLC, to the Hayward Economic Development Corporation, and approving assignment of rights and duties under the various agreements that govern the relationship between the 1069 B Street, LLC and the Successor Agency, as well as finding the action is exempt from CEQA review.
That the Hayward Economic Development Corporation Board of Directors adopts a resolution (Attachment IV) approving the Conveyance Agreement for the transfer of the leasehold interest in the Cinema Place property from 1069 B Street, LLC, to the Hayward Economic Development Corporation, and accepting the assignment of rights and duties under the various agreements that govern the r...
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