DATE: July 19, 2016
TO: Mayor and City Council
FROM: Assistant City Manager
SUBJECT
Title
Approval of a Second Amendment to the Exclusive Right to Negotiate Agreement with William Lyon Homes, Inc. for a Proposed Development Located in South Hayward near Dixon and Valle Vista Avenues
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RECOMMENDATION
Recommendation
That the Council adopts the attached resolution (Attachment I) authorizing the City Manager to enter into a second amendment to the Exclusive Right to Negotiate Agreement (ENRA) with William Lyon Homes, Inc. extending the term of Phase One by forty-five (45) days.
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BACKGROUND AND DISCUSSION
On January 19, 2016, the City Council authorized the City Manager to enter into an Exclusive Right to Negotiate Agreement ("ENRA") with William Lyon Homes, Inc. ("Developer") to purchase and develop nearly 18 acres of land in South Hayward in the Dixon and Valle Vista Avenue corridor (see related file CONS 16-017: Authorization to Enter into an Exclusive Right to Negotiate Agreement, January 19, 2016 City Council Meeting). The properties subject to the ENRA are identified in Attachment II to this report.
On June 14, 2016, the City Council authorized the City Manager to enter into a first amended ENRA with William Lyon Homes (see related file CONS 16-259: Approval of an Amendment to an Exclusive Right to Negotiate Agreement with William Lyon Homes, Inc. for a Proposed Development Located in South Hayward near Dixon and Valle Vista Avenues, June 14, 2016 City Council Meeting) to include a provision for the developer to fund the required geotechnical environmental work to identify and/or confirm the presence of earthquake fault traces on several properties subject to the ENRA. Most of the geotechnical work paid for by the first amendment to the ENRA is now complete and the Developer is making adjustments to the development plans they are proposing.
Under the ENRA, the Developer has to complete the follo...
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