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ATTY/RESO.0051/CC RESO CONDITIONALLY VACATING SPRING STREET SEGMENT (PURCHASE AND SALE AGR) REV: 07-21-26 MI Page 3 of 4 Section 2. CEQA Findings: The City Council has considered the environmental review previously prepared and certified, including the Final Environmental Impact Report for the Downtown Precise Plan, certified on January 24, 2011 (State Clearinghouse No. 2006052027), and the Final Subsequent Environmental Impact Report for the Downtown Precise Plan Plan-Wide Amendments, certified on June 26, 2023 (State Clearinghouse No. 2021090249). The City Council has also considered its prior CEQA determination for the Project, including Resolution No. 16254, adopted on October 28, 2024, by which the City Council reviewed and approved a CEQA Consistency Checklist for the Project and determined that the Project, including the proposed vacation and sale of City property, was within the scope of the previously certified environmental review for the Downtown Precise Plan and its Amendments and was consistent with Public Resources Code Section 21083.3 and CEQA Guidelines Sections 15168 and 15183. The proposed vacation and sale of the Spring Street Segment were components of the previously approved and analyzed Project. The City Council finds that these actions do not involve substantial changes to the Project, substantial changes with respect to the circumstances under which the Project will be undertaken, or new information of substantial importance that would require subsequent or supplemental environmental review. Accordingly, no further environmental review is required for the vacation and sale of the Spring Street Segment to Developer. Section 3. The City Council finds that the Spring Street Segment as more fully described in Exhibit 1 is unnecessary for present or prospective public purposes and that its vacation as a public street is consistent with the objectives, policies and programs of the City’s General Plan, as amended, and its Downtown Precise Plan, as amended, in that the Project will promote the development of the downtown and provide off-site affordable housing. Section 4. The City Council finds that the Spring Street Segment includes property that is long underutilized and finds that transfer and sale of the Spring Street Segment to Developer is in the best interest of the City because it will relieve the City of its maintenance obligations and potential liability associated with ownership of the Spring Street Segment. The City Council also finds that sale of the Spring Street Segment to Developer shall also further the objectives, policies and programs of the City’s General Plan, as amended, and its Downtown Precise Plan, as amended, in that the sale will promote the development of the downtown and provide for off-site affordable housing. Section 5. As adopted in the DA, the City Council finds that the Purchase Price represents the fair market value of the Spring Street Segment, and that the City is receiving fair and adequate consideration in the sale of the Spring Street Segment. Section 6. The City Council finds that the Spring Street Segment as more fully described in Exhibit 1 is hereby ordered vacated, subject to the following conditions: (1) that all conditions of closing of the escrow, as set forth in Section 5 of the Purchase Agreement, and as determined by the City Attorney, have been met; (2) the existing utility franchise facilities located within the Spring Street Segment and held by PG&E have been