https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1897965&GUID=348EE35F-46B2-4935-B45A-A8D23A811499Legistar15https://oakland.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=1897965&GUID=348EE35F-46B2-4935-B45A-A8D23A811499348EE35F-46B2-4935-B45A-A8D23A811499-2025-08-27-21-01-02Title: Subject: Sears Lease Disposition and Development Agreement From: Economic Workforce Development Department Recommendation: Adopt An Oakland Redevelopment Successor Agency Resolution Authorizing An Amendment To A Lease Disposition And Development Agreement ("LDDA") With Sears Development Company For An Automotive Service Project Located At 2000-2016 Telegraph Avenue And 490 Thomas L. Berkeley Way To: (1) Approve The Assignment Of The LDDA To W/L Broadway Telegraph Owner VII, LLC, Or An Affiliated Entity, Or An Affiliate Of Lane Partners, LLC And/Or Walton Street Capital, LLC; (2) Extend Development Deadlines For The Project; (3) Reduce A Contingent Payment Obligation To The Owner From $1,600,000 To $1,575,000; And (4) Require The Payment Of $100,000 To The Successor Agency As Consideration For The Assignment And ExtensionWed, 27 Aug 2025 21:01:02 GMT