https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5967883&GUID=072D04F4-B40A-4C3C-8B8B-193F60B88FDE&G=15529D0E-EFE8-4C09-817E-CE554309072ELegistar15https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=5967883&GUID=072D04F4-B40A-4C3C-8B8B-193F60B88FDE&G=15529D0E-EFE8-4C09-817E-CE554309072E072D04F4-B40A-4C3C-8B8B-193F60B88FDE-2025-08-27-21-04-21Title: Subject: East 12th Street Remainder Parcel 1 LDDA & Ground Lease From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance: (1) Authorizing The City Administrator To Negotiate And Execute A Lease Disposition And Development Agreement Between The City Of Oakland (“City”) And East 12th Street Housing, Lp (“Developer”), For Development Of 91 Units Of Affordable Housing On A Portion Of The 12th Street Remainder (“Parcel 1”), Located At East 12th Street And 2nd Avenue, With A Term Of Two Years With A One-Year Extension; (2) Authorizing The City Administrator To Negotiate And Execute A 99-Year Ground Lease Between The City And Developer With $1 Per Year Base Rent Plus Rent Based On The Appraised $4,000,000 Fair Market Value Of Parcel 1; (3) Making A Surplus Land Act Exemption Determination; And (4) Adopting California Environmental Quality Act FindingsWed, 27 Aug 2025 21:04:21 GMT