Title
Subject: Purchase of Hotel Westerner
From: Office of the City Auditor
Recommendation: Receive an Informational Report regarding the Agency Resolution authorizing the Oakland Redevelopment Agency to purchase real properties known as the Hotel Westerner, located at 1920 San Pablo Avenue (Assessor's parcel number 008-0643-006), 1954 San Pablo Avenue (Assessor's parcel number 008-0644-021), and 610 William Street (Assessor's parcel number 008-0644-020) together with the purchase of furniture, fixtures, and equipment pertaining to the real property for the total sum of $1,530,570, plus closing costs not to exceed $69,430, for a total cost not to exceed $1,600,000.
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