Common Contracts
1 similar Development Agreement contracts
Subject: Bayer HealthCare LLC Development Agreement AmendmentDevelopment Agreement • July 15th, 2021
On February 25, 1992, the City of Berkeley and Miles Inc., now Bayer HealthCare LLC (“Bayer”), entered into a 30-year Long Range Development Program, or Development Agreement (DA). In anticipation of the upcoming February 2022 expiration of the DA, on March 30, 2020 Bayer submitted an application to: 1) extend the terms of the DA for an additional 30 years; 2) include the “South Properties” in the DA; and 3) modify various terms and development standards of the existing DA to better accommodate Bayer’s plans for long term development and investment in biopharmaceutical manufacturing facilities. This report provides a summary of the requested DA modifications, a status update on the project’s environmental review process, Bayer’s community benefit proposal, and the community engagement process. Staff seeks input from City Council to inform the DA update and Bayer’s provision of community benefits in association with the DA.
