File #: 24-0319    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 4/17/2024 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 5/7/2024 Final action: 5/7/2024
Title: Subject: Acquisition Of Alameda County’s Undivided 50 Percent Interest In The Malibu Property From: Councilmember Kaplan Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With The County Of Alameda To Acquire The County’s Undivided 50 Percent Interest In The Malibu Property, Located At 8000 South Coliseum Way, Oakland, California, For Eight Million Seven Hundred Thousand Dollars ($8,700,000) Based On The County’s Appraised Fair Market Value, With Interest Free, Seller-Financing To Be Paid With 50 Percent Of Property Revenues; And Adopting California Environmental Quality Act Findings
Sponsors: Rebecca Kaplan
Attachments: 1. View Report, 2. View Legislation, 3. 13794 C.M.S., 4. NOTICE AND DIGEST

Title

Subject:                      Acquisition Of Alameda County’s Undivided 50 Percent Interest In The Malibu Property

From:                                           Councilmember Kaplan

Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With The County Of Alameda To Acquire The County’s Undivided 50 Percent Interest In The Malibu Property, Located At 8000 South Coliseum Way, Oakland, California, For Eight Million Seven Hundred Thousand Dollars ($8,700,000) Based On The County’s Appraised Fair Market Value, With Interest Free, Seller-Financing To Be Paid With 50 Percent Of Property Revenues; And Adopting California Environmental Quality Act Findings