AgdaPkt 2025.05.12 Joint SA PFA - Laserfiche WebLink

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JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ April 28, 2025 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 9 MINUTE BOOK NO. 69 Recommendation: 1. Adopt a resolution of necessity finding that the public interest, convenience and necessity require the acquisition of certain property interests for the public project (US Highway 101/State Route 84 – Woodside Road Interchange Improvement Project), authorizing the acquisition thereof, and directing the City Attorney to file eminent domain proceedings for portions of the property located at 1050 Broadway (APN 054 - 023-120); the “Lasalle LP & Zachary Pearlman, TR Property”, commonly known as 24 - Hour Fitness; 2. Adopt a resolution of necessity finding that the public interest, convenience and necessity require the acquisition of certain property interests for the public project (US Highway 101/State Route 84 – Woodside Road Interchange Improvement Project), authorizing the acquisition thereof, and directing the City Attorney to file eminent domain proceedings for portions of the property located at 1185 Broadway (APN 054 - 022-060); the “Realty Income Properties 15, LLC Property”, commonly known as Smart and Final; 3. Adopt a resolution of necessity finding that the public interest, convenience and necessity require the acquisition of certain property interests for the public project (US Highway 101/State Route 84 – Woodside Road Interchange Improvement Project), authorizing the acquisition thereof, and directing the City Attorney to file eminent domain proceedings for portions of the property located at 1155 Broadway and 2111 Bay Road (APN 054-022-220, 230, 240); the “SI XX, LLC Property”, commonly known as CVS; 4. Adopt a resolution of necessity finding that the public interest, convenience and necessity require the acquisition of certain property interests for the public project (US Highway 101/State Route 84 – Woodside Road Interchange Improvement Project), authorizing the acquisition thereof, and directing the City Attorney to file eminent domain proceedings for portions of the property located at 740 Bay Road (APN 054-062- 120, 130, 140); the “BMR-Bay, LP Property”, commonly known as BMR-Bay. 5. Adopt a resolution of necessity finding that the public interest, convenience and necessity require the acquisition of certain property interests for the public project (US Highway 101/State Route 84 – Woodside Road Interchange Improvement Project), authorizing the acquisition thereof, and directing the City Attorney to file eminent domain proceedings for portions of the property located at 1485 Veterans Boulevard (APN 052-431-020); the “Kreager Family Trust Property”, commonly known as Custom Truck; 6. Adopt a resolution of necessity finding that the public interest, convenience and necessity require the acquisition of certain property interests for the public project (US Highway 101/State Route 84 – Woodside Road Interchange Improvement Project), authorizing the acquisition thereof, and directing the City Attorney to file eminent domain proceedings for portions of the property located at 1475 Veterans Boulevard (APN 052-431-010); the “FN Veterans, LLC Property”, commonly known as San Carlos 6.E. - Page 9 of 15 473