Legislation Details

File #: 26-0762    Version: 1
Type: City Resolution Status: Passed
File created: 5/27/2026 In control: Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council/Geologic Hazard Abatement District Board
On agenda: 7/7/2026 Final action: 7/7/2026
Title: Subject: Costco Exclusive Negotiation Agreement From: Economic And Workforce Development Department Recommendation: Adopt A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Exclusive Negotiation Agreement With Costco Wholesale Corporation For Development Of A Costco Store On City Property Located At 101 Admiral Robert Toney Way And 2308 Wake Avenue, For A 24 Month Term, Conditioned On A $300,000 Exclusive Negotiation Payment, With Two Additional Six-Month Administrative Extensions, Each Conditioned On Payment Of An Additional $25,000; (2) Waiving Competitive Bidding Under Oakland Municipal Code Chapter 2.42; And (3) Adopting California Environmental Quality Act Findings
Sponsors: Economic & Workforce Development Department, Carroll Fife, Office Of The Mayor
Attachments: 1. View Report, 2. View Attachment A, 3. View Legislation, 4. 91254 CMS

Title

Subject:                      Costco Exclusive Negotiation Agreement

From:                                           Economic And Workforce Development Department

Recommendation: Adopt A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Exclusive Negotiation Agreement With Costco Wholesale Corporation For Development Of A Costco Store On City Property Located At 101 Admiral Robert Toney Way And 2308 Wake Avenue, For A 24 Month Term, Conditioned On A $300,000 Exclusive Negotiation Payment, With Two Additional Six-Month Administrative Extensions, Each Conditioned On Payment Of An Additional $25,000; (2) Waiving Competitive Bidding Under Oakland Municipal Code Chapter 2.42; And (3) Adopting California Environmental Quality Act Findings