HomeMy WebLinkAboutCC Resolution 10027 (Fair, Isaac & Co)CITY COUNCIL OF THE CITY OF SAN RAFAEL
RESOLUTION NO. 10027
A RESOLUTION OF THE CITY COUNCIL APPROVING AN OWNER
PARTICIPATION, DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN
THE SAN RAFAEL REDEVELOPMENT AGENCY AND FAIR, ISAAC AND
COMPANY, INC.
WHEREAS, the staff of the San Rafael Redevelopment Agency
("Agency") has presented to the City Council a proposed owner
participation, disposition and development agreement ("DDA")
between the Agency and Fair, Isaac and Company, Inc.
("Developer") providing for the Agency to sell to Developer
certain property at Second Street and Lincoln Avenue in downtown
San Rafael (the "Property") and for Developer's development
thereon and on adjacent property (the "PG&E Property") of an
office complex of approximately 400,000 square feet;
WHEREAS, the Property and the PG&E Property are in the area
governed by the Amended and Restated Redevelopment Plan for the
Central San Rafael Redevelopment Area (the "Plan");
WHEREAS, development of the Property and the PG&E Property
as contemplated by the DDA will assist in the elimination of
blight in the area governed by the Plan by providing for new
development on currently underutilized or vacant and blighted
lands and will provide for uses consistent with the City's Vision
of Downtown San Rafael and Implementation Strategy;
WHEREAS, the DDA is consistent with the Agency's
implementation plan in that the implementation plan provides for
reuse and development of the Property in conjunction with
adjacent properties and for relocation of the City corporation
yard currently on the Property;
WHEREAS, as described in the Agency staff report and the
Section 33433 summary, the Agency will sell the Property to the
Developer for approximately $2,100,000, an amount which is at
least equal to the estimated fair market value of the Property
for its highest and best uses under the Plan;
WHEREAS, in conjunction with consideration of the
applications to the City for approvals for development of the
Property and the PG&E Property (the "Project"), the City prepared
an environmental impact report ("EIR") outlining the potential
environmental impacts of the Project;
WHEREAS, on February 9, 1998, the City Council adopted
Resolution No. 10019 certifying the EIR as having been prepared
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in accordance with the California Environmental Quality Act
("CEQA") and implementing guidelines (the "Guidelines");
WHEREAS, on February 17, 1998, the City Council adopted
Resolution No. 10024 making certain findings regarding the
Project, pursuant to CEQA and the Guidelines (the "CEQA
Findings");
WHEREAS, the DDA contemplates that the Developer will lease
or sublease the Property to the City pursuant to the sublease
that is attached to the DDA (the "Sublease"), such sublease to be
entered into when the Agency conveys the Property to the
Developer so to allow additional time to relocate the City's
corporation yard on the Property;
WHEREAS, the City Council and the Agency have held a public
hearing on the DDA duly noticed in accordance with Health and
Safety Code Section 33433.
THEREFORE, the City Council of the City of San Rafael hereby
resolves as follows:
Section 1. Based on the Agency staff report, the Section 33433
summary, and evidence submitted at the public hearing on the DDA,
the City Council hereby finds:
(a) The development of the Property and the PG&E Property
in accordance with the DDA will assist in the
elimination of blight in the area governed by Plan.
(b) The development of the Property and the PG&E Property
in accordance with the DDA will be consistent with the
Agency's implementation plan.
(c) The purchase price the Developer will pay for the
Property is at least equal to the fair market value of
the Property for its highest and best uses under the
Plan.
Section 2. The City Council hereby approves the DDA.
Section 3. The City Manager or the Vice Mayor is authorized to
execute the Sublease on behalf of the City, and the City Manager
and his designees are hereby authorized to take such actions as
are necessary to carry out the City's obligations and enforce the
City's rights under the Sublease.
I, JEANNE M. LEONCINI, City Clerk, hereby certify that the
foregoing Resolution was duly and regularly introduced and
adopted at a special joint meeting of the City Council and the
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San Rafael Redevelopment Agency held on the 17th day of February,
1998, by the following vote:
AYES: COUNCILMEMBERS:Cohen, Heller, Miller & Vice -Mayor
Phillips
NOES: COUNCILMEMBERS:None
ABSENT/ COUNCILMEMBERS:Mayor Boro (Due to conflict of interest)
DISQUALIFIED:
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JEANNE M: LEONCIN, City Clerk
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