Res66 5163 - Laserfiche WebLink

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2. That it is the understanding of this Council that Leslie Properties, Inc., will provide adjacent to and behind the existing levees on the south shore of Belmont Slough, for park, recreation and open space purposes, ten acres of land, or land having a fair market value of $100,000, whichever is greater in area; that such land will be donated for such public purposes without cost; that such land will be so located as to provide regional access to the Belmont waterway; and that the land will be donated as development proceeds. That it is the intention of this Council to cooperate with the County of San Mateo and to match the amount of the con- tribution for acquisition or development of the same or other lands as proposed by the County, to a maximum of $50,000. 3. That it is the intention of this Council to develop an extensive continuous public pedestrian and bicycle way system as part of the General Improvement District No. 1-64 development, most of which will be on the levees and used primarily for public open space and recreation. 4. That it is the understanding of this Council that Leslie Properties, Inc., will sell at fair market value to a public agency all or portions of the land owned by Leslie between the tidal waterways in State, or proposed State, ownership and the existing levees on the south shore of Belmont Slough; and that it is further understood that such offer by Leslie Properties, Inc., shall not obligate this City to purchase any such land nor shall it be construed to eliminate any obligation of Leslie to dedicate lands in accordance with any present or future law or ordinance of this State or City. 5. That it is the intention of this Council that this City shall give the fullest cooperation to the San Francisco Bay Conservation and Development Commission staff in the course of 2 -