File #: 24-0505    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 5/29/2024 In control: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council
On agenda: 6/26/2024 Final action: 6/26/2024
Title: Subject: Coliseum Sale From: Councilmember Kaplan Recommendation: An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With AASEG Land LLC, A Delaware Limited Liability Company, Or Its Affiliate, For The Sale Of The City Of Oakland’s Undivided 50 Percent Interest In Property Located At 7000 Coliseum Way, Oakland, California, For One Hundred Five Million Dollars ($105,000,000) To Be Paid In Installments And Conditioned On Development Of Onsite Affordable Housing And Other Benefits; And Adopting California Environmental Quality Act Findings
Sponsors: Rebecca Kaplan
Attachments: 1. View Memo, 2. View Supplemental Report - 6/6/2024, 3. View Supplemental Legislation - 6/6/2024, 4. View Revised Supplemental Legislation - 6/13/2024, 5. 13801 C.M.S., 6. NOTICE AND DIGEST

Title

Subject:                      Coliseum Sale

From:                                           Councilmember Kaplan

Recommendation: An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With AASEG Land LLC, A Delaware Limited Liability Company, Or Its Affiliate, For The Sale Of The City Of Oakland’s Undivided 50 Percent Interest In Property Located At 7000 Coliseum Way, Oakland, California, For One Hundred Five Million Dollars ($105,000,000) To Be Paid In Installments And Conditioned On Development Of Onsite Affordable Housing And Other Benefits; And Adopting California Environmental Quality Act Findings