City of Oakland - File #: 14-0373

• File #: 14-0373
• Version: 1
• Name: Ordinance For 5050 Coliseum Way
• Type: Ordinance
• Status: Passed
• File created: 1/7/2015
• In control: Meeting of the Oakland City Council
• On agenda: 2/3/2015
• Final action: 2/17/2015
• Title: Subject: Ordinance For 5050 Coliseum Way And 750 50th Avenue From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Lease For 5050 Coliseum Way And 750 50th Avenue With DODG Corporation (The Property Owner) For A Term Of Ten (10) Years, With Five, Three Year Options To Extend The Lease, In The Monthly Amount Of Thirty-Six Thousand Six Hundred Forty-Seven Dollars And Fifty-Four Cents ($36,647.54), For The Initial Annual Amount Of Four Hundred Thirty-Nine Thousand Seven Hundred Seventy Dollars And Forty-Eight Cents ($439,770.48), Plus Consumer Price Index Increases Each Annual Anniversary Date

Date	Ver.	Action By	Action	Result
2/17/2015	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved for Final Passage	Pass
2/3/2015	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved On Introduction and Scheduled for Final Passage	Pass
1/27/2015	1	*Finance & Management Committee	Approved the Recommendation of Staff, and Forward	Pass
1/8/2015	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Ordinance For 5050 Coliseum Way And 750 50th Avenue

From:            Economic And Workforce Development Department

Recommendation:  Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Lease For 5050 Coliseum Way And 750 50th Avenue With DODG Corporation (The Property Owner) For A Term Of Ten (10) Years, With Five, Three Year Options To Extend The Lease, In The Monthly Amount Of Thirty-Six Thousand Six Hundred Forty-Seven Dollars And Fifty-Four Cents ($36,647.54), For The Initial Annual Amount Of Four Hundred Thirty-Nine Thousand Seven Hundred Seventy Dollars And Forty-Eight Cents ($439,770.48), Plus Consumer Price Index Increases Each Annual Anniversary Date