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Title:
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Subject: Sale Of 319 Chester Street
From: Housing And Community Development Department
Recommendation: Adopt An Ordinance Amending Ordinance No, 13104 C.M.S., Which Authorized The Sale Of A City-Owned Parcel At 319 Chester Street To The Alliance For West Oakland Development, Authorized Seller Financing For The Purchase Price, Authorized A Construction Loan, And Authorized A Disposition And Development Agreement With The Developer To Develop The Parcel With A Two Family Home For-Sale, To (1) Convert The Project Into An Affordable Rental Project, And (2) Consolidate The City Purchase And Construction Loans Into A Long Term Affordable Rental Loan
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