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File #: CONS 20-426   
Section: Consent Status: Agenda Ready
Meeting Body: City Council
Agenda Date: 9/15/2020 Final action:
Subject: Adopt a Resolution: (1) Approving the Government Code Section 52201 Summary Report for the Project; and (2) Authorizing the City Manager to Negotiate and Execute a Disposition and Development Agreement with BMODDRE2, LLC for Transfer of Specified City Owned Properties and for the Development of a New Subaru Automobile Dealership
Attachments: 1. Attachment I Staff Report, 2. Attachment II Resolution, 3. Attachment III 52201 Summary Report, 4. Attachment IV Approved Elevation Drawing, 5. Attachment V Approved Site Plan, 6. Attachment VI Approved Floor Plan, 7. Attachment VII Conditions of Approval - Site Plan Review
DATE: September 15, 2020

TO: Mayor and City Council

FROM: Deputy City Manager

SUBJECT
Title

Adopt a Resolution: (1) Approving the Government Code Section 52201 Summary Report for the Project; and (2) Authorizing the City Manager to Negotiate and Execute a Disposition and Development Agreement with BMODDRE2, LLC for Transfer of Specified City Owned Properties and for the Development of a New Subaru Automobile Dealership

End
RECOMMENDATION
Recommendation

That Council adopts a Resolution (Attachment II): (1) approving the Government Code Section 52201 Summary Report for the project (Attachment III); and (2) authorizing the City Manager to negotiate and execute a Disposition and Development Agreement (DDA) with BMODDRE2, LLC (Developer) for the transfer of specified properties and for the development of a new Subaru automobile dealership...End

SUMMARY

City staff recommends entering into a DDA with the Developer that contemplates the following actions:
1. Disposition from the City to Developer for a purchase price of $5,421,000 of a 4.9-acre parcel to be transferred for the development of an auto dealership (Dealership Development Parcel), and a 5.2-acre parcel to be restricted for affordable housing purposes (Adjacent Parcel);

2. Restriction of the Adjacent Parcel as future affordable housing development;

3. Retention by Developer of the Dealership Development Parcel for the construction of a new auto dealership operating under the Subaru Brand;

4. Transfer of the restricted Adjacent Parcel to the City from the Developer in exchange for a 2.1-acre City owned site located at the northeast corner of Mission Boulevard and Carlos Bee Boulevard (Swap Parcel); and

5. Development of the Dealership Development Parcel is estimated to generate between $330,000 to $500,000 annually in new sales tax to the City to help pay for City services and use of the Swap Parcel for parking similar to its existing use.

If app...

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