https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1897949&GUID=1A53D287-FED7-495C-9DC3-298EB8EE1E19&G=15529D0E-EFE8-4C09-817E-CE554309072ELegistar15https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1897949&GUID=1A53D287-FED7-495C-9DC3-298EB8EE1E19&G=15529D0E-EFE8-4C09-817E-CE554309072E1A53D287-FED7-495C-9DC3-298EB8EE1E19-2025-08-27-21-01-02Title: Subject: Sale Of Champion Street Site From: Economic Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator To: 1) Negotiate And Execute A Disposition And Development Agreement For The Sale Of 3455and 3461 Champion Street ("Properties") To Jack Stewart Or A / Legal Entity Affiliated With Jack Stewart And Approved By City Administrator For Development Of A Restaurant On The Following Terms: (1) Purchase Price Not Less Than Three Hundred Eighty Two Thousand Five Hundred Dollars ($382,500); (2) Credit To Buyer For Fuel Tank Removal Not To Exceed Ten Thousand Dollars ($10,000); (3) Reservation Of An Easement To The City For A Fiber Optics Hub And Related Uses; 2) Direct Two Hundred Thousand Dollars ($200,000) Of The Net Sales Proceeds Towards Funding The City's Asset Portfolio Management Plan; And 3) Allocate Seventy Five Thousand Dollars ($75,000) In Community V Development Block Grant (CDBG) Funds To Developer Exclusively For Facade And Exterior Improvements Of The PropertiesWed, 27 Aug 2025 21:01:02 GMT