HomeMy WebLinkAboutReso 45-23 Approving the Third Amendment to the Memorandum of Understanding (Dublin Place Shopping Center)
Reso. No. 45-23, Item 4.3, Adopted 06/06/2023 Page 1 of 2
RESOLUTION NO. 45 – 23
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING A THIRD AMENDMENT TO THE MEMORANDUM OF UNDERSTANDING
(DUBLIN PLACE SHOPPING CENTER)
WHEREAS, on October 15, 2019, the City Council adopted Resolution No. 107-19
approving a Memorandum of Understanding (MOU) between the City of Dublin and ASVRF
Acquisitions, LLC, ASVRF Dublin Place, LP, and ASVRF 6960 Amador LP also known as
American Realty Advisors (ARA) for the Dublin Place Shopping Center; and
WHEREAS, on April 6, 2021, the City Council adopted Resolution No. 26-21 approving a
First Amendment to the MOU; and
WHEREAS, on April 5, 2022, the City Council adopted Resolution No. 30-22 approving a
Second Amendment to the MOU; and
WHEREAS, upon the City’s request, ARA agreed to use commercially reasonable efforts
to facilitate future development of the Shopping Center and site a Town Square, including the
acquisition of 7300 Amador Plaza Rd. (the “Property); and
WHEREAS, the MOU outlined the terms between ARA and the City as it related to the
joint commitment of funds towards the acquisition of the Property; and
WHEREAS, due to the COVID-19 pandemic and the ongoing significant impact to owners
and tenants of retail properties, priorities were shifted and substantial delays in negotiations
occurred; and
WHEREAS, ARA has commenced negotiations again with the remaining property owner;
however, additional time is needed; and
WHEREAS, the City requested, and ARA agreed, to extend the MOU for a period of 18-
months; and
WHEREAS, ARA has requested to correct the address of the former Grocery Outlet
building from 7950 Amador Valley Boulevard to 7590 Amador Valley Boulevard.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby approve the Third Amendment to the Memorandum of Understanding between the City
of Dublin and ASVRF 7300 Amador, LP, ASVRF Dublin Place, LP, and ASVRF 6960 Amador
LP.
BE IT FURTHER RESOLVED that the City Manager is authorized to execute the
amendments to the agreements, attached hereto as Exhibit A, and make any necessary, non-
substantive changes to carry out the intent of this Resolution, as deemed appropriate by the City
Manager.
DocuSign Envelope ID: 91E18C8B-6332-4E18-B969-926165A93030
Reso. No. 45-23, Item 4.3, Adopted 06/06/2023 Page 2 of 2
PASSED, APPROVED AND ADOPTED this 6th day of June 2023, by the following vote:
AYES: Councilmembers Hu, Josey, McCorriston, Qaadri and Mayor Hernandez
NOES:
ABSENT:
ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
DocuSign Envelope ID: 91E18C8B-6332-4E18-B969-926165A93030
Exhibit A
DocuSign Envelope ID: 91E18C8B-6332-4E18-B969-926165A93030
DocuSign Envelope ID: 91E18C8B-6332-4E18-B969-926165A93030
DocuSign Envelope ID: 91E18C8B-6332-4E18-B969-926165A93030