Development Agreement Amendment 26-002 for McGrath RentCorp

The Project is an ordinance authorizing the first amendment to Development Agreement 08-002 “Agreement” with McGrath RentCorp. Generally, the Agreement term would be extended 30 years to 2059, the Agreement boundary would be adjusted, and the Property Owner Obligations would be modified to: 1 effectuate a commercial land transfer to a high-revenue commercial user; and 2 secure support for 2045 General Plan and Midtown Area planning objectives.