CITY OF SAN MATEO
RESOLUTION NO. ____ (2025)
APPROVING AN EXTENSION TO THE EXCLUSIVE NEGOTIATING RIGHTS AGREEMENT FOR THE DOWNTOWN
SAN MATEO AFFORDABLE HOUSING PROJECT
WHEREAS, the City owns or controls certain real property located at 4th and Railroad Avenue, as more particularly described in in Exhibit A of Attachment 1 to this Resolution (the “Site,” or the “Property”); and WHEREAS, on January 7, 2021, the City issued a Notice of Availability of Surplus Land to solicit proposals to develop on the Site an affordable housing development consistent with the California Surplus Lands Act (California Government Code Sections 54220-54234); and
WHEREAS, DTSM Housing LLC (“Developer”) submitted a proposal to develop on the Site, and on adjacent land owned or leased by the Developer, a mixed-use development project, including below market-rate housing, and Developer was subsequently selected as the developer of the Site (“Developer”); and WHEREAS, on October 14, 2021, the City and Developer entered into an Exclusive Negotiating Rights Agreement (“ENA”); and
WHEREAS, City and Developer amended that certain ENA dated October 14, 2021 through Amendment No. 1 on October 9, 2024, to extend the term of the Negotiating Period through April 14, 2025, and further wish the amend the ENA to extend the term through October 15, 2025.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN MATEO, CALIFORNIA, HEREBY RESOLVES that:
1. Amendment No. 2 to the ENA (Attachment 1) to extend the term through October 15, 2025 is approved.
2. The City Manager is authorized to execute Amendment No. 2 to the ENA in substantially the form presented.